(IN BRIEF) Telia Norway has been named the country’s best mobile network for the second consecutive year following an extensive benchmark by Rohde & Schwarz. Achieving a Network Performance Score of 830 out of 1,000, Telia outperformed other leading Norwegian … Read the full press release
Posted in Awards, Business, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, Norway, Sweden, Technology, Telecom
Tagged 4G, 5G, Axel Hansmann, Bjørn Ivar Moen, Bodø, data services, digital infrastructure, Estonia, Lithuania, Mobile Network Benchmark, Narvik, network modernization, Network Performance Score, Norway, Rohde & Schwarz, Rohde & Schwarz SwissQual AG, telecommunications, Telia Norway, Telia Norway Strengthens Leadership in 4G and 5G Performance Following Comprehensive Nationwide Network Evaluation, Tromsø, voice services
(IN BRIEF) Atos has successfully delivered comprehensive IT and digital operations support for UEFA Futsal EURO™ 2026 across Latvia, Lithuania, and Slovenia, deploying on-site and remote teams to manage accreditation, infrastructure, networks, and user support, while also completing its first … Read the full press release
Posted in Artificial Intelligence (AI), Business, Entertainment, Financial, France, Industrial, Investment, Latvia, Lithuania, Management, Marketing, Media, Slovenia, Sports, Technology
Tagged accreditation management, AI, Atos, Atos Major Events, Atos Successfully Delivers Digital Operations for UEFA Futsal EURO 2026 and Completes First Full UEFA Competition Cycle, CONMEBOL, digital operations, digital transformation, European Qualifiers, Fan Engagement, futsal, ICT services, innovation in sport, Latvia, Lithuania, major events technology, Nacho Moros, network infrastructure, Olympic Games, Paralympic Games, Paris 2024, Slovenia, sports technology, UEFA, UEFA EURO 2024™, UEFA Futsal EURO 2026, UEFA Nations League Finals 2023, UEFA Nations League Finals 2025, UEFA Under-21 Championship 2025
(IN BRIEF) The European Investment Fund, together with Estonia, Latvia and Lithuania, has launched the €225 million Baltic Innovation Fund 3 to strengthen the region’s private equity and venture capital market and mobilise up to €700 million in total investment … Read the full press release
Posted in Banks, Business, Estonia, European Union, Financial, Investment, Latvia, Lithuania, Luxembourg, Small Business, Technology
Tagged Altum, Baltic innovation ecosystem, Baltic Innovation Fund 3, climate-aligned investment, EIF and Baltic Partners Strengthen Regional Investment Ecosystem with Baltic Innovation Fund 3, Estonia, European Investment Fund, Fiduciary Management, growth capital, ILTE, Latvia, Lithuania, Marjut Falkstedt, private equity, public-private investment, Reinis Bērziņš, scale-ups, Sille Pettai, SmartCap, startup funding, Tadas Gudaitis, venture capital
(IN BRIEF) Kapsch TrafficCom has been contracted by Via Lietuva to deliver and operate a satellite-based e-tolling system for trucks over 3.5 tonnes across 2,851 kilometres of Lithuanian roads in what is described as the world’s first public tender requiring … Read the full press release
Posted in Austria, Industrial, Infrastructure & Utilities, Lithuania, Management, Technology, Transportation & Logistics
Tagged 2, 851 km road network, Apple Pay, Carolin Treichl, distance based tolling, e-tolling, EETS integration, GDPR Compliance, Google Pay, heavy vehicles over 3.5 tons, Intertraffic Amsterdam, Juras Taminskas, Kapsch TrafficCom, Lithuania, Lithuania Selects Kapsch TrafficCom for 2851 km Distance-Based Tolling System to Replace Vignette Model, Martynas Gedaminskas, Michael Weber, on-premise data centres, Satellite Tolling, smartphone tolling app, solution-as-a-service, Via Lietuva
(IN BRIEF) ELKO Group has been appointed as an authorised distributor of Segway Navimow’s wire-free, AI-enabled robotic lawn mowers across seven countries in the Baltics and Central and Eastern Europe, expanding the brand’s retail reach through ELKO’s Massive Retailer Channel … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, Marketing, Retail, Technology
Tagged AI obstacle detection, Baiba Indane, Baltics, Bulgaria, Central and Eastern Europe, CROATIA, ELKO Group, ELKO Group Becomes Regional Distributor for Segway Navimow’s Wire-Free AI Robotic Lawn Mowers, Estonia, i2 AWD, i2 LiDAR, i2 LiDAR Pro, Latvia, LiDAR navigation, Lithuania, Network RTK, retail distribution, robotic lawn mowers, Romania, Ryan Kong, Segway Navimow, Slovenia, smart garden, smart home, wire-free mowing, X4 Series
(IN BRIEF) The EBRD invested a record €654 million in the Baltic states in 2025, driven by unprecedented levels of financing in Latvia and Lithuania and continued strong performance in Estonia, with more than 95 per cent of funds supporting … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, Technology, United Kingdom
Tagged Baltic Capital Markets Acceleration Fund, Baltic States, battery energy storage, capital markets, decarbonisation, EBRD, EBRD delivers record €654 million investment in the Baltic states in 2025 with strong green focus, electric vehicle charging, energy security, Estonia, green transition, Ignitis, ILTE, Kelme Wind Park, Latvia, Lithuania, private sector investment, renewable energy, Securities Market Act, securitisation, Sunly, Tomas Kairys
(IN BRIEF) The European Investment Bank Group increased its financing in Lithuania by 29% in 2025 to €577 million, placing security and defence investments at the centre of its support while also advancing renewable energy, water infrastructure, and business financing. … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Investment, Lithuania, Luxembourg, News, Security & Safety, Small Business
Tagged defence financing, EIB, EIB Group Steps Up Lithuania Funding with Major Defence Loans and Strategic Infrastructure Projects, EIF, European Investment Bank Group, European Investment Fund, GDP impact, Ignitis Group, ILTE, job creation, Lithuania, NATO interoperability, onshore wind farm, Public Private Partnership, renewable energy, Rūdninkai military base, security investments, SMEs, Sustainable Finance, Vilniaus vandenys, water infrastructure
(IN BRIEF) Saab has received a new SEK 1.4 billion order from the Lithuanian Defence Materiel Agency for a third MSHORAD system battery, with deliveries scheduled from 2026 to 2030. The equipment will be installed on Oshkosh JLTV 4×4 vehicles, … Read the full press release
Posted in Aviation & Aerospace, Business, Defence, Industrial, Lithuania, Management, Marketing, News, Security & Safety, Sweden, Technology, Transportation & Logistics
Tagged 2026-2030 deliveries, datalink, GBAD C2, Giraffe 1X radar, Görgen Johansson, Lithuania, Lithuanian Defence Materiel Agency, Mobile Air Defence, MSHORAD, Oshkosh JLTV, Saab, Saab strengthens Baltic defence integration with new mobile air-defence order from Lithuania, short-range air defence, third battery, vehicle-integrated air defence
(IN BRIEF) The European Investment Bank (EIB) has approved a €300 million loan to strengthen Lithuania’s defence infrastructure, marking over €1 billion in total EIB support to the country’s defence in 2025. The financing will fund key investments in logistics, … Read the full press release
Posted in Banks, Defence, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, News
Tagged Baltics, crisis preparedness, defence investment, Eastern border, EIB, EU for security, EU security, European defence, European Investment Bank, Karl Nehammer, Kristupas Vaitiekūnas, Lithuania, Lithuania strengthens national and European security with new €300 million EIB investment, military infrastructure, NATO, resilience, Rūdninkai base, Team Europe
(IN BRIEF) Nokia has signed an extended partnership with Telia to enhance 5G capabilities across the Nordic and Baltic regions, deploying its cloud-native 5G Standalone Core in Finland, Sweden, Norway, Estonia, and Lithuania. The agreement also includes the use of … Read the full press release
Posted in Business, Estonia, Finland, Industrial, Infrastructure & Utilities, Internet & Online, Lithuania, News, Norway, Sweden, Technology, Telecom
Tagged 5G Core, 5G standalone, AI, Alexandra Fürst, automation, cloud-native networks, connectivity, digital transformation, energy efficiency, Estonia, Finland, Gartner, Kal De, Lithuania, network scalability, Nokia, Nokia and Telia Strengthen Strategic Partnership to Advance 5G Networks Across the Nordics and Baltics, Nokia DX Division, Nordic and Baltic, Norway, Omdia, RAN, sustainability, Sweden, telecom infrastructure, telecommunications, Telia, Telia Enhances 5G Capabilities Across Northern Europe with Nokia’s Standalone Core and RAN Solutions
(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
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