Lithuania’s State Tax Inspectorate (VMI) found no tax violations at a startup company co-owned by Prime Minister Gintautas Paluckas, BNS reports. VMI initiated checks at battery system developer Garnis, of which Paluckas owns 49%, in June 2025, following a request from the chairman of the opposition Homeland Union, MP Laurynas Kasciunas. Earlier, the state-owned national…
The founder of a Belarusian startup firm is on trial in Latvia for violating EU sanctions, LSM reports. Igor Medved, founder of Nordwoc, is accused of supplying high-tech equipment to the Belarusian military-industrial complex. The prosecutor has asked for Medved to be sentenced to two years in prison, fines, and confiscation of property. The entrepreneur…
Lithuania’s national startup ecosystem facilitator, Startup Lithuania, will host Startup Fair 2023 in Vilnius on 7 September 2023, Startup Lithuania reports. More international investors are expected to attend the event. In total, over 60 speakers are expected to give presentations and participate in the discussions. Also, 40-50 startups will compete for participation in the acceleration…
The Lithuanian developer of solar project design software, PVcase, has secured USD 100mn (EUR 90mn) of new funding from international investors, pv magazine reports. Existing investor, Boston-based Elephant VC, Chicago-based Energize Ventures, and London-based Highland Europe participated in the funding round. This is the second-largest investment ever in Lithuania’s startup sector, Baltic News Network reports….