 In 1993, four young entrepreneurs from Latvia founded a business with the intention to provide local retailers with new and upcoming IT products.The next year ELKO expanded in Baltics and opens subsidiary companies in Lithuania (ELKO Kaunas) and in Estonia (ELKO Eesti).In further years ELKO continues its expansion by entering Russian market (office in Moscow), Ukrainian market (office in Kiev), opening subsidiary companies in Romania (Bucharest) – ELKOTech Romania, and Slovenia (Ljubljana) – ELKOTex Slovenia.