Search results for Lithuania
Industry
Lithuania builds space industry on small satellites, aims for 1 percent of GDP by 2027
Lithuania is emerging as a new centre of Europe’s space industry by riding growth in the low-Earth orbit small satellite market, as the sector shifts from large satellites to low-cost mass production. The government aims to lift the space industry’s contribution to gross domestic product to 1 percent by 2027. Local startup NanoAvionics has won a contract to supply 280 satellites for Meridian Space’s LEO network project.
Mobility
Tesla confirms FSD availability in China, but rollout timing unclear; when for South Korea?
Tesla has officially confirmed it will offer its driver-assistance system FSD in China, but it has not disclosed when it will actually be rolled out. The company said in a post on X that “Full Self-Driving (Supervised)” is available in China. Some drivers in China said the function was not yet activated in their vehicles. In South Korea, FSD is supported only on U.S.-made Model S and Model X vehicles.
Crypto
Poland crypto law stalled by presidential veto, local industry accelerates move abroad
Poland has failed to pass legislation implementing the EU’s MiCA crypto framework after parliament could not override a presidential veto, leaving it the last EU member without domestic adoption. The dispute centres on a crypto assets market law vetoed twice by President Karol Nawrocki, who cited burdens on small firms. Industry groups criticise the bill as overly expansive and say it gives sweeping powers to the KNF regulator. Some companies are already considering or pursuing moves abroad.