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Latvia has long been a member of the European Union, yet when it comes to capturing its fair share of competitive EU funding, the country continues to lag behind its Baltic neighbours. A recent analysis highlights a persistent funding puzzle in which structural and ecosystem challenges are limiting Latvia’s ability to benefit from major programmes like Horizon Europe and other direct EU research and innovation funds. One of the core issues is that Latvia’s innovation ecosyste

In a major development for the European fintech landscape, Zilch, a fast‑growing UK‑based consumer payments company, has agreed to acquire Fjord Bank, a challenger bank headquartered in Vilnius, Lithuania. This strategic move gives Zilch access to a European banking licence, positioning Vilnius as its primary European headquarters and enabling the company to accelerate its rollout of financial services across the European Economic Area. Fjord Bank, which operates in several E

A rapidly rising Lithuanian AI startup is capturing global attention with a major funding milestone that could reshape how large organisations adopt artificial intelligence. nexos.ai, an enterprise AI platform based in Vilnius, has successfully closed a €30 million Series A funding round, accelerating its mission to help companies around the world implement AI securely and at scale. Founded in 2024 by Tomas Okmanas and Eimantas Sabaliauskas, the entrepreneurs behind the cyber