Lithuania’s culture minister owns undeclared assets in Bulgaria

Šarūnas Birutis
DELFI / Tomas Vinickas reports that Birutis is one of the three individuals controlling a Bulgaria-registered company Agrolitas. Official documentation shows the company has acquired 18.5 hectares of land close to the settlement of Kalcevo in eastern Bulgaria for €200,000 in 2009.

Birutis has confirmed having planned an algae cultivation business in Bulgaria.

“The idea was to have a spirulina plant there and grow the algae. It’s too cold here in Lithuania, and the climate there [in Bulgaria] is good,” the minister explained.

The politician claims he did not think he had to declare the company in Bulgaria, as his official share of the authorized capital is below the limit required for declaration of deals.

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