Posts Tagged ‘Lithuania’
FIRSTPICK Launches €25M fund to Back Overlooked Talent at the Heart of Baltic Tech
Foreign investment firms often look toward emerging markets to get in early on tech startups. But the toughest challenge is knowing from afar which founders to back. Nowhere is this clearer than in the Baltic startup scene. According to the recently published Baltic Startup Funding Report, foreign investors were involved in 43% of all Baltic deals in 2025, contributing significantly to last year’s overall €607M attracted in venture investments.
But quick market entry does not always guarantee access to the best founders, especially those who don’t fit the usual profiles. This mix of enthusiasm and local knowledge gap in the Baltics sets the stage for new kinds of venture investors: those in a position to spot early talent that others miss.
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Originally published on 5 Mar
Read MoreOpen arms Nato’s Baltic members agree to open their borders in the event of an emergency
The eight Nato countries bordering the Baltic Sea, together with Iceland and Norway, have pledged to open their borders to each other’s citizens should they be forced to flee in the event of a disaster. The agreement is an extension of a patchwork of arrangements among some of the countries in the region and will make it possible to co-ordinate responses and establish uniform procedures for doing so.
The bear not in the room is Russia. The Kremlin has repeatedly said that it does not intend to invade Nato countries, but western intelligence agencies have advised their governments to be ready for everything from small-scale shenanigans to an outright invasion. Military collaboration has long been a way to signal to their populations that they are doing what they can to prevent such things from happening. Now, civil-defence agencies are showing they will be taken care of in the event they do.
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Read MoreGEM 2025/26: Lithuania is Europe’s top-ranked economy for entrepreneurial environment
The latest 2025/2026 global report published by the Global Entrepreneurship Monitor (GEM) confirms that Lithuania leads Europe in the quality of its entrepreneurial environment and ranks among the world’s strongest economies in this field.
The most recent data capture entrepreneurial development at a time of heightened macroeconomic and geopolitical uncertainty worldwide. Around 67% of economies reported that in 2025 more people experienced a decline in income than an increase. In many countries, starting a business is now perceived as more challenging than a year ago, while structural imbalances are emerging as persistent, long-term obstacles.
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Originally published on 2 Mar
Read MoreMarine Technology to invest €15M in advanced manufacturing expansion in Klaipėda
Marine Technology, part of the Western Shipyard Group and a specialist in large-scale cable-handling equipment for the global energy and marine sectors, is investing €15 million to expand its manufacturing operations at Klaipėda Seaport. The expansion will add advanced robotic welding capabilities and modernized production facilities, enabling the company to scale up output of modular and composite equipment for offshore and onshore renewable energy projects.
As part of the Western Shipyard Group, Marine Technology operates within a well-established maritime engineering ecosystem. The group itself is part of BLRT Group, a Baltic industrial holding with more than a century of heritage, over 25 subsidiaries, and 3.500 employees across the region.
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Originally published on 3 Mar
Read MoreKeeping up with the Nordics Baltics staying the course against corruption
When it comes to corruption rankings, there are the Nordics and then there is everyone else. Again this year, Denmark, Finland, Norway and Sweden ended in a log jam at the top of the Corruption Perceptions Index, an annual ranking of perceived corruption in the public sector. Germany rounded out the top 10. The Baltic states (Estonia: 12; Lithuania: 28th; Latvia: 37) are showing that despite some setbacks (including the resignation of Lithuania’s prime minister last year amid a corruption scandal), that they, too, take corruption seriously.
Transparency International, which has produced the report each year since 1995, cautions against easing up against corruption, even in the Nordic countries, but, in the Baltic region, the trends at least are with them: countries with the best records are generally democratic and highly digitalised.
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That will show the path for Poland (52). To be sure, it has shown improvement since PiS, an illiberal regime that dismembered the country’s civil-society infrastructure, was voted out of office in 2023, and it finds itself solidly in the top third of the table.
Progress, though, has been modest, due to what has been deemed insufficient efforts to undo the damage done by PiS. Russia (157) finished level with Chad, Honduras and Zimbabwe. An outlier in a sea of outliers.
Lithuania Selects Procivis for the National European Digital IdentityWallet Sandbox
rocivis AG, a technology market leader for digital identity, credentials and wallets, and a subsidiary of Orell Füssli, announced today that, following a public procurement process, it has been awarded the contract to provide Lithuania’s European Digital Identity (EUDI) Wallet sandbox. Working with SDSA, the State Digital Solutions Agency of Lithuania, Procivis will build the national testbed to drive Lithuania’s digital identity activities and ensure readiness in advance of the EU-wide launch.
With Procivis One, its production-ready and eIDAS 2.0-compliant technology for digital identity and wallets, Procivis brings deep expertise to help establish an interoperable ecosystem for Lithuania’s digital identity initiative.
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Originally published on 9 Feb
Read MoreAxiology Raises €5 Million Seed Round to Modernise Europe’s Capital Markets Infrastructure
Lithuanian capital markets infrastructure provider Axiology has secured €5 million in seed funding to expand its regulated, blockchain-based platform for issuing, trading, and settling securities across Europe. The investment will support the rollout of new tokenised securities capabilities under the EU DLT Pilot Regime and accelerate the company’s go-to-market strategy.
The funding round was led by Exponential Science, e2vc, and Coinvest Capital, with participation from TIBAS Ventures and Plug and Play. Existing investors, including BSV Ventures, NGL Ventures, and others, also joined the round. To date, Axiology has raised €7 million in total.
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Originally published on 4 Feb
Read MoreEnersense will design and build telecommunication towers in Northern Lithuania
Enersense has signed an agreement with Lithuania’s VŠĮ Plačiajuostis Internetas, the state-owned organisation responsible for developing Lithuania’s broadband infrastructure, for the design and construction of telecommunications towers. The towers form part of Lithuania’s nationwide programme to expand high-speed broadband infrastructure.
The towers are steel lattice communication structures that form part of Lithuania’s essential digital infrastructure.
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Originally published on 29 Jan
Read MoreCast AI Wins Prestigious European AI Award for Business Innovation
Cast AI, the leading Application Performance Automation platform valued at over $1 billion, today announced it has won the European AI Award 2025 in the AI Business category. The award, presented by the European AI Forum (AIEF), recognizes outstanding achievements in AI that are shaping business, science, policy, investment, and ecosystem development across Europe.
Cast AI was honored for its platform that automates AI application performance in Kubernetes environments, delivering significant cost optimization and operational efficiency. The company was one of only three winners selected in the AI Business category, chosen from nominees across the continent for their contributions to economic growth, industrial competitiveness, and societal benefits through AI.
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Originally published on 2 Feb
Read MoreEstonia, Latvia, Lithuania and Germany renew a four-party agreement in Tallinn to strengthen strategic communication and media literacy
Today, 29 January, the Secretary General of the Estonian Ministry of Foreign Affairs, Jonatan Vseviov, the State Secretary of the German Federal Foreign Office, Bernhard Kotsch and the Vice-Minister of Foreign Affairs of Lithuania, Vidmantas Verbickas, signed a four-party cooperation memorandum in Tallinn aimed at strengthening ties between the countries in the fields of strategic communication and media literacy. The agreement was signed ahead of the meeting also by the Latvian State Secretary Andžejs Vilumsons, with Latvia represented at the meeting by the Inspector General of the Latvian Ministry of Foreign Affairs, Ilgvars Kļava. The agreement is an updated version of the cooperation memorandum first concluded between the foreign ministries of the four countries in 2015.
Secretary General Vseviov emphasised that in the context of growing foreign influence activities, disinformation and hostile propaganda, it is crucial to strengthen societal resilience. He noted that closer cooperation between like-minded countries is key to protecting and developing the democratic information space.
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Originally published on 29 Jan
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