Lithuania: startup scene in 2019

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…

Lithuania: energy production increases

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…

Lithuania: parliament rejects car tax

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…