ABOUT ESTONIA, LATVIA, AND LITHUANIA
Estonia's lead in IT, especially in the area of e-government, has proven to be particularly advantageous during the pandemic, according to Florian Schröder, Managing Director of the German-Baltic Chamber of Commerce. “Hardly any other country is as digital as Estonia.” According to the expert, with "e-Estonia" a functioning digital infrastructure ranging from e-school to e-signature is already available, making the transition to working from home as seamless as possible.
A modern ICT infrastructure is also the foundation for the dynamic development of this sector in the southern neighboring country of Latvia. Latvia has a superb broadband coverage with fast and ultrahigh capacity networks, and it has already allocated a radio spectrum for 5G. In addition to support services, the focus of the IT industry is on software development, cloud solutions, AI, automation and robotics as well as cybersecurity.
Lithuania is an important location for manufacturing companies of various industries and is characterized by a particularly high level of integration of digital technology. The southernmost Baltic state has four digital innovation hubs specializing in advanced manufacturing, laser technology, robotics, photonics, e-business models, and IT solutions. Thanks to the Lithuanian Central Bank's blockchain sandbox, a dynamic fintech ecosystem is currently developing.
(Sources: GTAI, European Commission)