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TGS Baltic has advised the SmartCap Estonian state fund on its investment in the EUR 4 million seed round of local deep-tech start-up Up Catalyst. German climate technology fund Extantia led the round which included existing investors Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures.

Kinstellar has announced several appointments to firm-wide practice and sector leadership positions, including Partner Csilla Andreko in Budapest, Partner Iustinian Captariu and Special Counsel Magda Raducanu in Bucharest, Managing Partner Milos Velimirovic in Belgrade, Managing Partner Lukas Sevcik and Counsel Jan Lehky in Prague, and Managing Associate Lukas Mrazik in Bratislava.

Since the beginning of the year, the Government has modified the previous legal environment concerning the development of wind power plants in several areas to increase wind power capacity. According to the Ministry of Energy's communication so far, wind power capacity is expected to increase to around 1,000 MW by 2030.

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