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“ELKO Group Baltic Forum will become a tradition which allows key players in the region to ensure further successful development of our common business, and I am sure everyone will leave the event full of new bright ideas,” is confident Egons Mednis, ELKO Group President.
“ELKO Group brings in the most cost efficient way a very advanced IT product portfolio to customers in one of the world’s fastest growing areas – CIS, Eastern and the Baltic countries”, says Jens Hartmann, ELKO Group CEO. While the average IT market growth worldwide is about 6%, e.g. Baltic IT market is expected to show twice higher growth rate of about 13%. Baltic IT market is characterised with a very strong position of local assemblers, low PC penetration in private sector, and growing local notebook assembly ensuring big opportunities for further growth of component business. Another opportunity is related to IT products entering the home electronics segments, thus changing the purchasing pattern of the IT products and leading to channel extension.
ELKO Group revenue in the Baltic countries is forecasted to grow from 55,6 million USD in 2003 to 64,1 million USD in 2004. And to attain the set results ELKO Group plans to optimise and extend the products range and continue ensure the best customer support.
“Standing on the doorstep of EU we believe that the accession to the union will ensure higher economic growth which will lead to greater investments in IT”, says Jens Hartmann, ELKO Group CEO. According to IDC data the total amount of investments in union’s newcoming countries is planned Euro 42 billion during next 3 years (2004-2006). It will generate an information society push and create great opportunities for e-government development and faster implementation. EU as well opens new possibilities in public sector, business sector and services modernization and inward investments by multinationals.
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