Lithuanian startup ecosystem has matured over 2019 – the number of companies is nearing 1,000, they have attracted more than EUR 166.5 million in investments, and Vinted is to become Lithuania’s first startup unicorn. “Many positive changes occurred, including the establishment of two new accelerator funds, more favorable taxation was adopted, and the concept of…
Vilnius Airport announced on December 23 a public tender for a new passenger departure terminal. The 14,400-square-metre building is set to double the number of passengers the airport is able to handle. The new building will sit adjacent to the old departures terminal, near the VIP terminal and a conference center that are currently being…
The Lithuanian government has approved a proposal to run energy generation auctions, which should increase domestic power production as the country desynchronizes from the Moscow-controlled grid by 2025. The Baltic grids are still part of the post-Soviet BRELL ring, which also includes Russia and Belarus, and remain dependent on the control center in Moscow and…
The Seimas of Lithuania has rejected a proposed new tax on polluting cars with a majority of several votes and returned the bill to the Ministry of Environment for improvement. Thirty lawmakers voted in favor of accepting the bill for consideration, 36 were against and 34 abstained. The parliament then voted to return the bill…
The Klaipeda port will invest in infrastructure to attract freight from Belarus, Vidmantas Paukste, Director for Infrastructure, Acting Director General of the Klaipeda State Seaport Authority, declared at a Belarusian-Lithuanian transport forum. He remarked the Klaipeda port was one of the top 5 ports in the Baltic Sea in terms of freight turnover. The indicator…
The Sunni community of Vilnius plans to build a small mosque. The construction is to cost between 7 and 8 million euros and is to be finished within the next few years. Lithuania’s National Land Service has given the Vilnius Sunni religious community the right to use a 8,4000-square-metre land plot free of charge for…
Over 10,000 residents in Lithuania will produce solar energy by the end of next year, according to state-controlled holding company, Lietuvos Energija (Lithuanian Energy). The 5-fold increase is influenced by law changes, allowing remote solar power plants. Energy produced off-site can then be “virtually” transferred to be used in private apartments. Residents and multiple stakeholders…