IT services spending in Baltic states up 12.7% in 2005

Demand for IT services is on the rise in Estonia, Latvia, and Lithuania. According to IDC, spending jumped by nearly 20% in 2004 to $184.76 mln and preliminary data points to a rise of 12.7% in 2005, reaching approximately $208 mln. Latvia was the largest of the markets, representing an estimated 36.3% of IT services spending in 2004, but the spread between the three was small, with Lithuania accounting for 33.4% and Estonia for 30.3%.