Posts published in Day: December 13, 2019

Lithuania’s billion-euro Vinted: from simple necessity, to first tech unicorn

Friday, December 13, 2019

Vinted, a website where users can buy and sell used clothes, has raised €128 million in a funding round, valuing it at €1 billion. The Vilnius-based retailer rounds up a century of venture-backed unicorns in Europe. It’s a remarkable turnaround story. Just three years back, Vinted, Lithuanian tech’s posterchild, was on the brink of collapse left with just €12 million in the bank, according to  Deutche Welle  . That’s when…

Lithuanian president hopes for UK support on Russia after Brexit

Friday, December 13, 2019

Lithuanian President Gitanas Nausėda, currently in Brussels, hopes for close foreign and security policy ties with Britain after it leaves the European Union. Nausėda told journalists on Friday that keeping close ties was important for Lithuania “which is especially interested in Eastern Partnership issues and matters related [to] Russia”. “We now also have China, and Turkey, and the regional situation […] the EU is dealing with quite a number of…

Party leader calls for Christmas calm after its minister urged to resign

Friday, December 13, 2019

Advent is a wrong time to pressure the embattled Transport Minister, according to the leader of the Polish-minority party that the minister represents. “It’s a wrong time to put pressure on a person especially during the Advent, [as] we need to prepare for the holidays, forgive and ask for forgiveness,” said MEP Valdemar Tomaševski, head of the Electoral Action of Poles in Lithuania – Christian Families Alliance.”As Christians, we realise…

Russia backs penalties for attending ‘undesirable’ NGO courses in Baltic states

Friday, December 13, 2019

Russian State Duma has on Thursday backed penalties for attending “undesirable” NGO courses abroad, including in the Baltic states. According to the Moscow Times, a parliamentary commission was set up to counter alleged foreign interference in Russia following mass anti-government protests in Moscow this summer. The commission’s chairman, Vasily Piskarev, told reporters that the “undesirable” NGOs train Russians in the Czech Republic, Finland and the Baltic states to meddle in…

International document forgery ring busted in Lithuania

Friday, December 13, 2019

Police in Kaunas have busted a criminal group forging and selling Lithuanian and other countries’ documents, including passports and driving licenses, officials said on Friday. “Following a thorough investigation, officers uncovered a network of people involved in the falsification of documents,” said Elanas Jablonskas, the Kaunas County Police chief. As part of the operation, around ten searches were conducted and two individuals were detained by the police. According to Jablonskas,…

Estonian film streaming website launched

Friday, December 13, 2019

A new streaming website launched this week where Estonian films, documentaries, and animations can be watched. Netikino.ee launched on December 12. Movies can be watched without registration and prices per view range from €1.30 to €5.90. Films are available with Russian and English subtitles. “The goal of Netikino is to give viewers around the world the opportunity to watch new and old Estonian films. At the moment, 50 films are presented in the catalogue.…

Tallinn City Council’s budget adopted with €60 million increase

Friday, December 13, 2019

Tallinn City Council’s budget will increase by €60 million next year after it was adopted on Thursday despite opposition from the Reform Party. The 2020 budget will total €824 million. Increasing education spending accounts for 40 percent of the budget, approximately €263 million, including government subsidies. Investments in the education sector are expected to amount to nearly €49 million, with a total of 13 schools and kindergarten renovations to begin next…

Lithuania needs to spend EUR 14 b on climate change over 10 yrs – president

Friday, December 13, 2019

Lithuania will need to spend 14 bn euros over ten years to meet its climate change commitments. A part of these costs has to be covered from the EU budget, according to the president. “For Lithuania to meet its commitments in 2030, additional measures may require as much as 14 bn euros, of which almost 10 bn euros will have to be allocated from the state budget,” Nauseda said at…

Seimas Committee on Foreign Affairs discusses the events in Tbilisi

Friday, December 13, 2019

The Committee on Foreign Affairs closely monitors the ongoing processes in Tbilisi, Georgia, and today has discussed the state of play in the Georgian capital. Being aware of the situation in the region and the emerging tensions within Georgia, the Committee on Foreign Affairs called on their colleagues –– Georgian parliamentarians –– to seek a comprehensive political consensus on key decisions related to the development of democracy and the rule…

Kaunas ranked as one of the top tourism locations of the future

Friday, December 13, 2019

Kaunas was recognized as one of the most promising cities for tourism in the latest Financial Times fDi Magazine ranking Tourism Locations of the Future 2019/20. It was given a ninth place in the Foreign Direct Investment Strategy category. In addition, one of the most influential global rankers noticed Kaunas in other five areas, Kaunas IN business department informed BC. Every year, fDi Magazine, published by the Financial Times, presents…