Business reorganization takes place in Lithuania, when ELKO Group JSC commences retail in Lithuania, ELKO Kaunas JSC optimizes its operation and becomes the sales office of ELKO Group JSC in Lithuania.

To foster a common Baltic IT market, ELKO Grupa JSC performs reorganization together with ELKO Eesti. Thus, the uniform ELKO Baltia logistics, IT products management and financing department is formed.

At the end of 2007, ELKO Group JSC becomes the centre of attention in the Latvian world of business as the first Latvian company to reach a billion-USD turnover. Moreover, ELKO reaches its turnover figure – 1,000,000,000 USD – earlier than planned in the company’s business goals. Once again, the ELKO team proves its determination and result-driven persistence. ELKO becomes the largest Intel distributor in Russia.

in order to improve business efficiency and facilitate direction toward the strategic goals of  ELKO Group JSC, ELKO Group JSC takes over the business operation of ELKO Latvia Ltd. The company receives two Intel awards for Sales & Marketing.

ELKO Group JSC becomes the largest company in Latvia (by turnover).

Distribution contracts with Sony for Audio/Video products.

Further expansion in Russia, Slovakia and Romania.

The 1st ELKO Group Convention takes place in Riga (currently one of the main IT business events in Europe).

Distribution contracts with Acer and Gigabyte.

ELKO Riga continues conquering the European market. To become closer to its customers, the company commences operation in Slovakia (Bratislava) – WESTech Slovakia – and Croatia (Zagreb) – ELKOTech Croatia.
In order to facilitate further development of the company, in 2000, the decision is made to change the legal status of ELKO Riga Ltd. to Joint-Stock Company ELKO Group JSC. And in order to improve sales in Latvia, ELKO Latvia Ltd. is founded.
Thanks to the persevering, highly professional and dedicated teamwork, ELKO Group JSC gains the image of a leading IT expert in the regions where it is represented, within the first few years of operation. 

Europe is increasingly the focus of ELKO Riga Ltd. as well: subsidiary companies are opened in Rumania (Bucharest) – ELKOTech Romania – and Slovenia (Ljubljana) – ELKOTex Slovenia. Expansion simultaneously takes place in Russia, with the foundation of a new subsidiary in St. Petersburg: ELKO SPb.

In order to strengthen its business positions Eastward, ELKO Riga Ltd. also commences sales in the Ukraine (Kiev).

Distribution contracts are concluded with Sony Storage Division.

A distribution contract is concluded with Microsoft.

The company has already reached sufficiently high performance on the Baltic market in order to expand its representation region. ELKO Riga Ltd. makes the decision to start a business in Russia, and an office is opened in Moscow.

With the development of the IT market across all of Baltic States, ELKO Riga Ltd. opens subsidiary companies in Lithuania (Kaunas) – ELKO Kaunas – and Estonia (Tallinn) – ELKO Eesti. It also concludes distribution contracts with Seagate, Western Digital, Sony and Samsung.

In Riga, at the initiative of four young Latvian entrepreneurs, the company ELKO Riga Ltd. is founded, with the aim of providing Latvian retailers with then-uncommon IT products.