Meanwhile, EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 82% and reached 1.089 million litas.
In Lithuania BAIP Group companies in the first quarter of 2014 signed a contract with State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania for the creation of ITIS_EU module mini one-stop shop. Furthermore, a hardware and software supply, installation and configuration contract worth 2.247 million litas was signed and partially implemented with the University of Vilnius, which together with the Lithuanian and Belarusian partners is currently carrying out a project "Social, economic development and promotion of entrepreneurship through the development of a cross-border research and development and innovation network in the field of cloud computing".
Three year computer equipment lease and workplace maintenance service agreement was signed with Litgrid, with a maximum value of the contract amounting to 1.462 million litas.
BAIP Group cyber security competence center NRD CS added new solutions for responding to national malware outbreaks and child abuse content to its technology portfolio. In addition, NRD CS joined the Council on CyberSecurity – an independent, expert, not-for-profit organization based in Washington DC – as a Provider Member, focused on competencies and supporting the work of the Council. Cyber security technological capacity strengthening contract was signed with Lithuanian Railways (Lietuvos Gelezinkeliai).
Supply and Implementation of an eRegistry System in Mauritius Project has contributed to the positive first quarter results of the whole BAIP Group. In November, 2013 the first stage of the Project – modernization and optimization of the RGD – was finished, and currently the second stage is being implemented – the services are being made available online. The whole project (with five year maintenance) is worth 9.3 million litas. Additionally, 0.437 million litas contract was signed with Mauritius Registrar-General's Department (RGD) for the expansion of the data center, warranty maintenance and business continuity services.
In Burundi two contracts have been signed, and three BAIP Group companies, led by BAIP, are currently implementing Burundi Central Bank data center infrastructure modernization and five year maintenance project, financed by the World Bank and worth 6.79 million litas.
BAIP Group will continue its business development in East Africa, where the company is currently implementing a program for young businesses and science projects. BAIP Group is looking for young perspective businesses that could be connected to European information technology businesses, scientists and mentors, seeking to finance them and invest in their development.
In addition, BAIP Group companies have signed a contract with Fredskorpset Norway (FK) which will support and finance young employee exchange among BAIP Group companies in Norway and Tanzania. During 21 month period, implemented in three 7-month-long rounds, a total of 17 young professionals from Tanzania and Europe will intern at NRD and NRD EA respectively. As a result of this program, up to 20 new IT jobs in East Africa will be created, BAIP Group operations in East Africa will receive local support and a cluster of new IT services will be developed. The first round of exchange will take place from the 11th of August, 2014 to the 10th of March, 2015. Total value of the project is almost 1.564 million litas.
