Category Archives: Lithuania

Press Releases & News from Lithuania distributed via EuropaWire

Utilitas Wind and Latvenergo AS Partner with Vestas for Major Baltic Wind Project

(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

Lithuania Advances Rail Electrification with EUR 200 Million Investment in Electric and Battery Trains

(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

Lithuania’s Rail Revolution: EIB, NIB, and LTG Link Spearhead Electric Train Fleet Renewal

(IN BRIEF) In a landmark move towards sustainable transportation, the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link have sealed a financing deal to procure electric and battery-powered trains. With loans totaling €200 million, nine electric … Read the full press release

EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release

EBRD Invests €25 Million in Vilnius Residential Energy Efficiency Fund

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency initiatives in Vilnius by investing €25 million in Šiaulių Bank’s energy efficiency fund. Managed by Šiaulių Bank, the fund aims to finance energy efficiency renovations in … Read the full press release

Startical Partners with GOMspace and NanoAvionics for Satellite Testing in Air Traffic Services Venture

(IN BRIEF) Startical, a venture created by ENAIRE and Indra, has announced its collaboration with GOMspace and NanoAvionics to conduct tests on communication and surveillance systems for its future constellation of over 270 satellites, aimed at providing air traffic services … Read the full press release

Hydro Extrusions to Sell Kaunas Plant, Ensuring Employee Continuity

(IN BRIEF) Hydro Extrusions has announced an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, with approximately 170 employees, serves as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. … Read the full press release

Driving Green Growth: HeavyFinance Secures €50 Million to Drive Sustainable Agriculture in Europe

(IN BRIEF) HeavyFinance announces a €50 million fundraising for a private credit fund aimed at supporting European agricultural SMEs with tailored finance solutions to advance decarbonization efforts. With the EIF committing €20 million as a cornerstone investor and support from … Read the full press release

Stora Enso and SEB Forge Path for Forest Industry Entrepreneurs with Innovative Financing Model

(IN BRIEF) Stora Enso’s innovative Harvesting Partner concept, aimed at fostering entrepreneurship and skillful operators in the forest industry, has expanded across Sweden, Finland, Norway, and Lithuania since its launch in November 2022. In collaboration with SEB, Stora Enso has … Read the full press release

EBRD Invests €30 Million in Sustainable Real Estate Projects Across Baltic and Eastern Europe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering sustainable real estate initiatives in the Baltic states and central and eastern Europe with a €30 million investment in UAB Urban Hub Holding, a joint venture with UAB … Read the full press release

EBRD Invests €10 Million in Baltic Venture Capital Fund to Boost Early-Stage Innovation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is backing the growth of venture capital markets in the Baltic states by providing a €10 million investment in Practica Venture Capital III, managed by Lithuania-based venture capital manager Practica … Read the full press release

EIB Backs Installation of Over 8,400 EV Charging Stations in Eastern Europe to Boost Clean Mobility

(IN BRIEF) The European Investment Bank (EIB) has committed a €40 million loan to Eldrive Holding GmbH, based in Austria, to establish 8,472 electric vehicle (EV) charging stations across Bulgaria, Lithuania, and Romania over the next three years. This project … Read the full press release

Fueling Growth: ORLEN’s European Expansion Strategy Hits 3,500 Service Stations

(IN BRIEF) ORLEN, an energy company, has experienced rapid expansion with acquisitions in Austria, Germany, Slovakia, and Hungary, increasing its foreign station count by nearly a third in the past year. They are finalizing the purchase of over 60 service … Read the full press release

Coordinated Action Targets Illegal Exports to Russia; Three Suspects Arrested

(IN BRIEF) Eurojust and Europol supported a joint operation by Dutch, German, Latvian, Lithuanian, and Canadian authorities targeting alleged violations of export sanctions to Russia. During the operation, three suspects were apprehended, and 14 locations were searched as part of … Read the full press release

Lithuania Acquires Thales Ground Master 200 Radars for Enhanced Defense Capabilities

(IN BRIEF) Lithuania’s Defence Material Agency (DMA) has entered into an agreement with the Dutch procurement Agency COMMIT to procure Thales Ground Master 200 Multi-Mission Compact radars (GM200 MM/C). These advanced radars are designed to provide simultaneous detection, tracking, and … Read the full press release

Vestas Secures Order for 14 Wind Turbines from UAB Vejoteka for Kelme II Wind Farm in Lithuania

(IN BRIEF) Vestas has received a confirmed order from UAB Vejoteka, a subsidiary of Enefit Green, for the Kelme II wind farm project located in Lithuania. The order comprises 14 V162-6.2 MW wind turbines, encompassing supply, delivery, and commissioning services. … Read the full press release

EIB and NIB Finance €85 Million Mažeikiai Onshore Wind Farm in Lithuania

(IN BRIEF) The European Investment Bank (EIB) and Nordic Investment Bank (NIB) have signed a financing agreement for the Mažeikiai onshore wind farm in Lithuania, developed by Ignitis Group, a leading energy company in the Baltics. Both EIB and NIB … Read the full press release

Airbus Helicopters Expands Presence in Lithuania with H125 Aircraft Sale to ASU BALTIJA

(IN BRIEF) Airbus Helicopters and Lithuanian operator ASU BALTIJA have agreed on a contract for two H125 helicopters at the European Rotors 2023 event. These helicopters represent Airbus’ first sale to a commercial operator in Lithuania and will serve passenger … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

EIB Provides €25 Million Loan to Lithuanian Municipal Water Company for Infrastructure Investment

(IN BRIEF) The European Investment Bank (EIB) has signed a €25 million loan agreement with Klaipėdos vanduo, the municipal water company in Klaipėda, Lithuania, to support its 2023-2026 investment program. The investment program aims to enhance water supply and wastewater … Read the full press release

OLAF Hosts 10th Annual Meeting of EU Member States’ Anti-Fraud Coordination Services (AFCOS) in Lithuania

(IN BRIEF) The European Anti-Fraud Office (OLAF) convened the 10th gathering of national Anti-Fraud Coordination Services (AFCOS) from all European Union (EU) Member States on October 18-19, 2023, in Vilnius, Lithuania. The annual conference, organized in collaboration with AFCOS Lithuania … Read the full press release

NIB Supports Lidl Lietuva’s Expansion with €50 Million Loan for New Logistics Centre in Lithuania

(IN BRIEF) The Nordic Investment Bank (NIB) and retail store operator UAB Lidl Lietuva have signed a seven-year EUR 50 million loan agreement for Lidl’s new logistics centre in Vilnius, Lithuania. This facility will enable Lidl to expand its store … Read the full press release

FL Technics Receives UK CAA Certification for CFM56 Engine Maintenance Services, Expands Engine Solutions Portfolio

(IN BRIEF) FL Technics, a prominent aircraft maintenance solutions company, has achieved certification from the Civil Aviation Authority of the United Kingdom (UK CAA) to expand its Part-145 maintenance capabilities to the CFM56 family of engines. This achievement complements FL … Read the full press release

Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом

«Карта мира» — это онлайн-платформа, которая помогает русскоязычным антивоенным активистам, объединяя их инициативы в одном месте, что усиливает организационные возможности глобального движения Сейчас на платформе зарегистрировано 144 инициатив и их число быстро растет. Организаторы проекта убеждены, что влияние антивоенной русской … Read the full press release

Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists

Map of Peace is an online platform that helps Russian-speaking anti-war activists by serving as a centralized hub for all their initiatives, maximizing the organizing capabilities of the massive global community The platform currently hosts 144 such initiatives and is … Read the full press release

EBRD Joins Forces with Baltic Nations for MSCI Initiative, Strengthening Investor Appeal

(IN BRIEF) Estonia, Latvia, and Lithuania, in collaboration with the EBRD, EC, and Nasdaq Baltic, are welcoming the MSCI initiative to consolidate their markets into a single index. This integration will raise the region’s profile among international investors who track … Read the full press release

Vilnius se convertirá en la primera Ciudad Verde del BERD en los estados bálticos con una moderna flota de trolebuses

(NOTICIA EN BREVE) El Banco Europeo para la Reconstrucción y el Desarrollo (BERD) otorga un préstamo de 38,23 millones de euros a la empresa de transporte urbano de Vilnius, JSC Vilniaus viesasis transportas (VVT), para actualizar su flota de trolebuses … Read the full press release

Vilnius to become the first EBRD Green City in the Baltic states with modern trolleybus fleet

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €38.23 million loan to Vilnius’ urban transport company, JSC Vilniaus viesasis transportas (VVT), to upgrade its trolleybus fleet to modern standards. The investment will help VVT purchase … Read the full press release

Programa respaldado por InvestEU para beneficiar a microempresas en Lituania, Letonia y Polonia con préstamos de hasta 50 000 EUR

(NOTICIA EN BREVE) El Fondo Europeo de Inversiones (FEI) ha firmado un acuerdo de garantía de cartera con Noviti Finance para prestar casi 47 millones de euros a microempresas en Lituania, Letonia y Polonia en condiciones preferenciales. La garantía del … Read the full press release

InvestEU-backed programme to benefit micro-enterprises in Lithuania, Latvia and Poland with up to €50,000 loans

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee agreement with Noviti Finance to lend almost €47 million to micro-businesses in Lithuania, Latvia, and Poland on preferential terms. The EIF guarantee is provided under the European Union’s … Read the full press release

MAXIMA-Gruppe investiert nach SBTi-Beitritt 100 Millionen Euro in Maßnahmen zur Emissionsminderung

(IN KÜRZE) Die MAXIMA-Gruppe, ein in den baltischen Staaten, Polen und Bulgarien tätiges Einzelhandelsunternehmen, ist der Initiative Science Based Targets (SBTi) beigetreten, um ihre Auswirkungen auf die Umwelt bis 2030 zu reduzieren. Das Unternehmen wird seine direkten und indirekten Treibhausgase … Read the full press release

MAXIMA Group to Invest €100m in Emission Reduction Measures after Joining SBTi

(IN BRIEF) MAXIMA Group, a retail company that operates in the Baltic States, Poland, and Bulgaria, has joined the Science Based Targets initiative (SBTi) to reduce its impact on the environment by 2030. The company will reduce its direct and … Read the full press release

New gaming brand Lorgar seizes European market

(PRESS RELEASE) AMSTERDAM, 3-Oct-2022 — /EuropaWire/ — Lorgar, the new brand of high-performance accessories for gamers, introduces a portfolio of products for gaming with top-tier functionality at competitive prices. The expansive brand catalog includes a number of product categories: mice, … Read the full press release

Saab to deliver short range air defence missiles to Lithuania as part of a new contract

(PRESS RELEASE) STOCKHOLM, 25-Oct-2022 — /EuropaWire/ — Saab AB (STO: SAAB-B), leading company in the military defence and civil security markets, has announced it will deliver its best-in-class short range air defence missiles (RBS 70 missiles) to Lithuania as part … Read the full press release

Saab liefert im Rahmen eines neuen Vertrags Kurzstrecken-Flugabwehrraketen nach Litauen

(PRESSEMITTEILUNG) STOCKHOLM, 25-Oct-2022 — /EuropaWire/ — Saab AB (STO: SAAB-B), führendes Unternehmen in der militärischen Verteidigung und zivile Sicherheitsmärkte, hat angekündigt, dass es seine klassenbesten Kurzstrecken-Luftverteidigungsraketen (RBS 70-Raketen) im Rahmen eines neuen Vierjahresvertrags mit der litauischen Verteidigungsbehörde nach Litauen liefern … Read the full press release

EBRD invests over EUR 20 million in the first ever company in the Baltic to issue sustainability-linked bond

EBRD invests €22.5 million to anchor €75 million issuance by EPSO-G EPSO-G is the first ever Baltic company to issue Sustainability-Linked Bond By diversifying EPSO-G funding, bond supports Lithuania’s grid integration with the EU electricity network (PRESS RELEASE) LONDON, 6-Jun-2022 — /EuropaWire/ … Read the full press release

Die EBWE investiert über 20 Millionen Euro in das allererste Unternehmen im Baltikum, das eine nachhaltigkeitsgebundene Anleihe begibt

Die EBWE investiert 22,5 Millionen Euro, um die Emission von 75 Millionen Euro durch EPSO-G zu verankern EPSO-G ist das erste baltische Unternehmen, das eine nachhaltigkeitsbezogene Anleihe begibt Durch die Diversifizierung der EPSO-G-Finanzierung unterstützt die Anleihe Litauens Netzintegration mit dem … Read the full press release

European Commission funded project YOUNG 50 aimed at preventing cardiovascular disease risk factors in people aged 50 launches in Luxembourg, Lithuania and Romania

(PRESS RELEASE) LUXEMBOURG, 29-Nov-2021 — /EuropaWire/ — Luxembourg Institute of Health (LIH), a public biomedical research organisation, has announced that a project called YOUNG 50 and funded by the European Commission launches in Luxembourg with the aim to screen and … Read the full press release

Eco Rating, the new labelling scheme that rates the environmental impact of new smartphones, sees more manufacturers joining its scheme and expands globally

Consumer mobile phone labelling scheme launched in 24 European countries by Deutsche Telekom, Orange, Telefónica, Telia Company and Vodafone now set to expand globally Fairphone, Realme and vivo join Eco Rating, now 15 manufacturers in total More than 150 mobile … Read the full press release

Lithuanian Public Investment Development Agency gets €67.5 million from EBRD for renovation of residential multi-apartment buildings

Loan of €67.5 million to  improve buildings’ energy performance by 40 per cent Second EBRD loan to VIPA scales up successful collaboration on greening buildings Lithuanian project aligns with broader EU climate ambition including Renovation Wave Strategy (PRESS RELEASE) LONDON, … Read the full press release