(IN BRIEF) NIB and NORD/LB will provide up to EUR 64 million to finance two 91 MWp solar parks in Izabelinė and Lieponys, Lithuania, developed by Green Genius. Supported by the InvestEU programme, the projects include an 18 MW battery … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Investment, Lithuania, News, Technology
Tagged battery energy storage, BESS, clean energy transition, CO2 reduction, EBRD, energy diversification, energy transition, European Bank for Reconstruction and Development, European Green Deal, Green Genius, Ignalina municipality, InvestEU, Izabelinė, Lieponys, Lithuania, NIB, NORD/LB, Nordic Investment Bank, Photovoltaic, PV capacity, renewable energy financing, renewable energy projects, solar energy, sustainable infrastructure, Trakai district, utility-scale solar
(IN BRIEF) FL Technics has opened a 2,041 m² Wheels and Brakes facility in Bergamo, Italy—its fourth in Europe—positioned near Milan Bergamo Airport to serve airlines in Southern and Western Europe. Alongside sites in Vilnius, Budapest, and Hanover, the new … Read the full press release
Posted in Aviation & Aerospace, Business, Industrial, Italy, Lithuania, Management, News, Transportation & Logistics
Tagged AOG support, Avia Solutions Group, aviation maintenance, Bergamo, Budapest, Emissions Reduction, Europe, FL Technics, Hanover, landing gear MRO, logistics optimization, Milan Bergamo Airport, regional network, skilled technicians, turnaround times, Vilnius, Wheels and Brakes facility, Zilvinas Lapinskas
(IN BRIEF) FL Technics, part of Avia Solutions Group, has been appointed an official Honeywell channel partner for business and general aviation. The collaboration empowers FL Technics’ MRO centers to supply, install, and support Honeywell engines and APUs under a … Read the full press release
Posted in Aviation & Aerospace, Business, Industrial, Lithuania, Management, News, Transportation & Logistics
Tagged APUs, Arūnas Ganiprauskas, Avia Solutions Group, Aviation Safety, avionics, Business Aviation, certified installation, channel partner, connectivity, engines, FL Technics, Flavio Michio Osanai, fuel efficiency, general aviation, Honeywell Aerospace Technologies, mechanical systems, MRO Solutions, OEM-backed framework, on-time performance, Operational Efficiency
(IN BRIEF) FL Technics, part of Avia Solutions Group, has become an authorized dealer for Collins Aerospace, broadening its offerings to include advanced business and regional avionics, integrated communication and navigation systems, cabin connectivity innovations, and full aftermarket support. Julius … Read the full press release
Posted in Aviation & Aerospace, Business, Financial, Government, Industrial, Investment, Lithuania, Management, Marketing, News, Technology, Transportation & Logistics
Tagged aftermarket support, authorized dealer, Avia Solutions Group, aviation innovation, avionics systems, cabin connectivity, Collins Aerospace, communication solutions, FL Technics, flight deck, global MRO provider, Julius Bogusevicius, MRO Solutions, navigation systems, partnership, passenger experience, RTX
(IN BRIEF) Volvo CE has agreed to purchase Swecon’s dealerships and service operations in Sweden, Germany and the Baltic states—including the Entrack aftermarket division—for SEK 7 billion, subject to regulatory clearance, with completion slated for H2 2025. The deal transfers … Read the full press release
Posted in Automotive, Business, Estonia, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, News, Retail, Sweden, Technology
Tagged Aftermarket services, customer satisfaction, direct retail strategy, Entrack, European construction equipment market, Lantmännen, Melker Jernberg, partnership, regulatory approval, Rental operations, retail operations, Swecon acquisition, Volvo CE, Volvo Construction Equipment, workshop facilities
(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release
Posted in Banks, Business, Economy, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, Marketing, News, Small Business, Technology
Tagged advisory services, Baltic businesses, Citadele bank, economic growth, EIF, Estonia, European collaboration, European Investment Fund, InvestEU, job creation, Latvia, Lithuania, microbusiness financing, partnership, Small Business Support, SME loans
(IN BRIEF) RATO Credit Union has partnered with the European Investment Fund (EIF) under the InvestEU program to provide €20 million in financing for sustainable projects in Lithuania. This agreement enables RATO to offer more accessible loans with favorable terms, … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Lithuania, Luxembourg, Management, News, Small Business, Technology
Tagged clean transport, climate change mitigation, EIF, energy efficient buildings, European Investment Fund, financing, financing agreement, green buildings, green financing, green transition, InvestEU, Lithuania, low-emission transport, partnership, RATO Credit Union, renewable energy, sustainability, sustainable projects
(IN BRIEF) NIB has financed the Gene Therapy Centre in Lithuania, a groundbreaking facility advancing gene therapy research and manufacturing. Opened in September, it is a critical part of Lithuania’s life sciences sector, contributing to the country’s goal of growing … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Pharma & Biotech, Science, Technology
Tagged BIO CITY, biotechnology, Celltechna, economic growth, gene therapy, Gene Therapy Centre, investments, life sciences, Lithuania, NIB, Nordic-Baltic region, partnership, research and manufacturing, strategic partnerships, sustainability
(IN BRIEF) FL Technics, a subsidiary of Avia Solutions Group and a recognized global leader in MRO services, has obtained EASA Part-145 approval to perform heavy maintenance on Embraer 170/190 aircraft. This development enables the company to meet the rising … Read the full press release
Posted in Aviation & Aerospace, Business, Industrial, Lithuania, Management, News, Transportation & Logistics
Tagged 23 subsidiaries, aerospace logistics, Air Dolomiti, Airbus, aircraft engineering, Austrian Airlines, Avia Solutions Group, base maintenance, Boeing, British Airways, component support, Dominican Republic, E2 series, EASA Part-145, easyJet, Embraer 170/190, engine repair, European market, FAA-145, Finnair, FL Technics, heavy maintenance, Helvetic, I Gusti Ngurah Rai International Airport, Indonesia, Jakarta International Airport, Juozas Lapeika, Kaunas International Airport, KLM, line maintenance, Lithuania, LOT Polish Airlines, Lufthansa Group, MRO Solutions, narrowbody aircraft, Prestwick International Airport, Punta Cana International Airport, SAS Link, short-haul routes, Spare parts, TAP Air Portugal, technical training, Tier 1 operators, Vilnius, Wizz Air, Zilvinas Lapinskas
(IN BRIEF) The Ignalina Nuclear Power Plant in Lithuania has contracted Sweco for €448,000 to evaluate environmental risks for a proposed deep geological repository intended for the final disposal of long-lived radioactive waste. As a vital part of Ignalina’s decommissioning … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Sweden, Technology
Tagged Air Quality, Belgium, biodiversity, decommissioning, deep geological repository, energy transition, environmental risks, EU agreement, Finland, geological layers, groundwater, Ignalina nuclear power plant, Lithuania, Liudas Zalunskis, Managing Director Sweco Lithuania, partnership, Radioactive waste, RBMK-type reactors, reactor dismantling, site restoration, soil, sustainability, Sustainable Management, Sweco, Sweden
(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
Tagged Baltic Sea, BRELL energy system, CEF, CEN, Connecting Europe Facility, Continental European Network, electricity grids, Energy Independence Day, energy infrastructure, energy security, energy transition, Estlink, Estonia, EU, European Commission, fossil fuels, Harmony Link Interconnector, interconnectors, Latvia, Lithuania, LitPol Link, Malgosia Bartosik, NordBalt, Offshore wind, partnership, renewable energy, sustainability, Ursula von der Leyen, wind farms, wind power, WindEurope
(IN BRIEF) On February 9, 2025, Estonia, Latvia, and Lithuania successfully synchronized their electricity systems with Continental Europe’s electricity grid, marking a historic achievement for the Baltic States and Europe. The synchronization improves energy security and independence for the region, … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
Tagged Amprion, Augstsprieguma tīkls, Baltic States, BELARUS, CESA, Connecting Europe Facility, Continental Europe Synchronous Area, Dan Jørgensen, electricity grids, electricity interconnections, Elering, energy cooperation, Energy Independence, energy resilience, energy security, ENTSO-E, Estonia, European Commission, European electricity transmission system operators, European Union, Latvia, Litgrid, Lithuania, partnership, PSE, RUSSIA, sustainability, synchronization, transmission system operators, Zbyněk Boldiš
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Swedbank Lithuania have partnered to provide €48.4 million in funding for the development of SIRIN PARK GARIŪNAI, a modern logistics park near Vilnius, Lithuania. The project, led by SIRIN … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Real Estate, Transportation & Logistics, United Kingdom
Tagged EBRD, investment, Laurynas Kuzavas, Lithuania, logistics hub, Martynas Trimonis, partnership, SIRIN PARK GARIŪNAI, sustainability, Swedbank, Tomas Kairys
(IN BRIEF) The European Investment Fund (EIF) has committed €15 million from the Baltic Innovation Fund II to Merito Partners’ ‘Merito Baltic Opportunities I AIF,’ marking its first institutional investment in the fund. Aiming to raise €100 million, the fund … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Small Business
Tagged Andris Kotāns, Audrius Mozūras, Baltic region, EIF, Latvia, Lithuania, Marjut Falkstedt, Merito Partners’, Mikus Janvars, partnership, SME, sustainability
(IN BRIEF) Rheinmetall and the Lithuanian government have begun construction of a new €180 million ammunition production facility in Baisogala, Lithuania, which will manufacture tens of thousands of 155mm artillery shells annually. The plant, set to start operations in mid-2026, … Read the full press release
Posted in Business, Construction, Defence, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Security & Safety, Technology
Tagged Ammunition Production Plant, Armin Papperger, Aušrinė Armonaite, construction, Ingrida Šimonytė, Laurynas Kasčiūnas, Lithuania, partnership, Rheinmetall
(IN BRIEF) The European Investment Fund (EIF) and Lithuania’s national development institution, UAB ILTE, are investing €191.6 million to support private credit funds, providing alternative financing for Lithuanian businesses. With equal contributions of €95.8 million each, the partnership aims to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Lithuania, Luxembourg, Management, News, Small Business
Tagged Business Financing, Dainius Vilčinskas, EIF, investment, Lithuania, Marjut Falkstedt, partnership, Private Credit Funds, SMEs, sustainability, UAB ILTE
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €100 million investment in Green Genius, a renewable energy developer, positioning itself as a minority shareholder upon receiving necessary regulatory approvals. This funding will support Green Genius’s … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, United Kingdom
Tagged EBRD .Investment, Europe, Green Genius, Grzegorz Zieliński, Lithuania, partnership, renewable energy, Ruslan Sklepovič, sustainability, Tomas Kairys
(IN BRIEF) Kaunas, Lithuania’s second-largest city, will modernize its district heating system using a €35 million loan from the European Investment Bank (EIB), supported by the European Commission’s InvestEU program. The project, led by utility company Kauno Energija, will upgrade … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology
Tagged EIB, heating system, Kaunas, Kauno Energija, Lithuania, partnership, renewable energy, sustainability, Thomas Östros, Tomas Garasimavičius
(IN BRIEF) Vestas secures a 124 MW wind energy project order in Telsiai, Lithuania, from Utilitas Wind and Latvenergo AS, marking a significant advancement in the Baltic region’s renewable energy capacity. The order includes 20 V162-6.2 MW wind turbines, with … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News
Tagged Baltic Wind Project, Jens Pinderup, Latvenergo AS, Lithuania, Mārtiņš Čakste, partnership, Rene Tammist, sustainability, Telsiai, Utilitas Wind, Vestas
(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Egidijus Lazauskas, EIB, Electric and Battery Trains, investment, Jeanette Vitasp, Lithuania, LTG Link, Marius Skuodis, NIB, rail electrification, Thomas Östros
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