(IN BRIEF) ELKO Group has formed a new partnership with Swedish company STORViX, becoming the official distributor of its intelligent data storage solutions in Latvia, Lithuania, Estonia, and Greece. The collaboration centers on STORViX’s AiRE IntelligentFiler, a unified AI-powered platform … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Latvia, Marketing, News, Sweden, Technology
Tagged AI, AiRE IntelligentFiler, data storage, ELKO and STORViX Join Forces to Deliver AI-Driven Data Storage for Modern IT Infrastructures, ELKO Group, energy efficiency, enterprise IT, Estonia, Greece, hybrid cloud, intelligent data platform, Latvia, Lithuania, scalable storage, SmartCARE, STORViX, technology partnership, virtualization
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is lending €79.5 million to Ignitis Group as part of a €318 million financing consortium that includes the EIB, Swedbank, and NIB to fund the 314 MW Kelmė wind farm … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania
Tagged 5 GW target, Baltic region, clean power, climate goals, EBRD, EBRD Backs Ignitis Group with €79.5 Million Loan to Build the Baltic Region’s Largest Onshore Wind Farm, Energy Independence, energy security, EU Energy Policy, European Investment Bank, green transition, Ignitis Group, Kelmė wind farm, Lithuania, Lithuanian households, Nordic Investment Bank, onshore wind, renewable energy, Sustainable Finance, sustainable infrastructure, Swedbank, zero-carbon electricity
(IN BRIEF) The European Investment Bank (EIB) is providing a €50 million loan to Vilniaus vandenys, Lithuania’s largest water utility, to upgrade and expand water and wastewater infrastructure in the Vilnius region. The project includes station upgrades, network extensions, and … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, News, Technology
Tagged climate resilience, digital transformation, EIB, EIB Supports €50 Million Upgrade of Vilnius Water Infrastructure to Boost Sustainability and Digital Efficiency, environmental protection, EU environmental policy, European Investment Bank, InvestEU, Karl Nehammer, Lithuania, public health, renewable energy, Saulius Savickas, Simonas Klimavičius, smart meters, sustainable investment, Vilniaus vandenys, Vilnius, wastewater management, water infrastructure
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a €30 million sustainability-linked loan to Scandagra Group, backed by an InvestEU guarantee, to support the agribusiness company’s operations in Estonia, Latvia and Lithuania. The financing will fund … Read the full press release
Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management
Tagged Baltic States, biodiversity, climate-smart farming, Dansk Landbrugs Grovvareselskab, Dataväxt, DLG, EBRD, EBRD and InvestEU support Scandagra with €30 million loan to scale precision farming in the Baltics, Estonia, European Bank for Reconstruction and Development, greenhouse gas emissions reduction, InvestEU, Lantmännen, Latvia, Lithuania, nutrient efficiency, Precision Agriculture, Scandagra Group, Scandagra secures first sustainability-linked loan from EBRD to cut emissions and boost resource efficiency, sustainability-linked loan, €30 million EBRD financing to drive climate-smart agriculture and green innovation across Baltic farmland
(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) As of 1 July 2025, the ORLEN Group has fully phased out Russian crude oil following the expiry of its last Rosneft contract, marking a key milestone in regional energy security. Under CEO Ireneusz Fąfara’s leadership, ORLEN’s refineries … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Poland, Technology
Tagged Czech Republic, Druzhba pipeline, energy diversification, energy security, global crude sourcing, Ireneusz Fąfara, Kralupy refinery, Lithuania, Litvínov refinery, non-Russian feedstock, ORLEN Group, partnership, Poland, Rosneft contract expiry, Russian crude elimination, strategic infrastructure upgrades, sustainability, Transalpine Pipeline TAL, transmission system operators
(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) Swedbank has officially named Olof Sundblad as the permanent Head of Baltic Banking, elevating him from his acting role since October 2024. In this new capacity, he will remain a member of the Group Executive Committee. Sundblad’s appointment … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged acting Head, appointment, Baltic Banking, CFO, customer benefit, Estonia, financial industry, Group Executive Committee, growing economies, Jens Henriksson, Latvia, leadership, Lithuania, Olof Sundblad, Operating profit, permanent appointment, press release, Stockholm School of Economics, Swedbank
(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) ORLEN and Naftogaz of Ukraine have signed a new natural gas supply contract, ensuring deliveries for Ukrainian consumers starting in April. This is the second contract under a cooperation agreement signed earlier this year, with the gas being … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Investment, Poland, Transportation & Logistics, Ukraine
Tagged 100 million cubic meters, contract, Cooperation Agreement, energy diversification, energy security, Ireneusz Fąfara, Klaipeda terminal, Lithuania, LNG cargo, March 2025, Memorandum of Understanding, Naftogaz, Natural Gas Supply, ORLEN, Poland, Polish-Ukrainian border, regasification, Roman Chumak, Świnoujście LNG terminal, trading expertise, UKRAINE, United States
(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 Investment Fund (EIF) has committed €20 million to the SG Capital Baltic Private Credit Fund, a new initiative managed by Latvia-based SG Capital Partners AIFP. The fund aims to raise €100 million to support small and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business, Technology
Tagged acquisitions, Arvīds Kostomārovs, Baltic businesses, bonds, capital expenditure, Climate Action, economic growth, EIF, EIF investment, environmental sustainability, Estonia, European Investment Fund, flexible financing solutions, funding gap, Harijs Švarcs, INNOVATION, institutional investors, InvestEU programme, Latvia, Lithuania, Marjut Falkstedt, Mid-Sized Companies, partnership, private credit, private credit financing, senior loans, SFDR, SG Capital, SG Capital Baltic Private Credit Fund, SG Capital Partners AIFP, SMEs, sustainabilty, Sustainable Finance, Sustainable Finance Disclosure Regulation, working capital
(IN BRIEF) The Lithuanian government and the European Investment Bank (EIB) have partnered in a €100 million initiative to renovate 700 multi-apartment buildings, mobilizing up to €625 million to improve energy efficiency. The project will reduce household energy bills, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology
Tagged apartment buildings, EIB, energy efficiency, Gintarė Skaistė, Lithuania, partnership, Simonas Gentvilas, sustainability, Thomas Östros
(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
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