Tag Archives: Lithuania

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

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … 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

Nordic Investment Bank Collaborates with Lithuania to Boost Energy Efficiency in Public Buildings

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 20-year credit facility with Lithuania to co-finance the energy efficiency program for public buildings from 2023 to 2026. This financing will be used to renovate 25 public buildings, leading to … 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

Lithuania’s First Offshore Wind Auction Sees Ignitis Group and OceanWinds as Winners, Plans for Improved CfD Model in Future Tender

(IN BRIEF) Lithuania has successfully conducted its first offshore wind auction, with a consortium of Ignitis Group and OceanWinds emerging as the winner. They paid €20 million for the right to develop the 700 MW offshore wind project, expected to … Read the full press release

European Investment Bank Signs €300 Million Financing Agreement with Lithuania for Green and Digital Transitions

(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … 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 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

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

ORLEN Group’s LNG and pipeline deliveries from new suppliers account for over 50% of imported gas

(IN BRIEF) The ORLEN Group’s diversification of natural gas supplies has helped enhance Poland’s energy independence and strengthen fuel and commodity security in the region. In 2022, LNG and pipeline deliveries from new suppliers in Norway and Lithuania represented more … 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

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

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

EBRD appoints Elisabetta Falcetti as the new Head for Poland

(PRESS RELEASE) LONDON, 15-Jun-2021 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces the appointment of Elisabetta Falcetti as the new Head in in central Europe and the Baltic states (CEB). EBRD President Odile Renaud-Basso has formally introduced … Read the full press release

EBRD and Startup Wise Guys partner for a Fintech accelerator programme

(PRESS RELEASE) LONDON, 3-Jun-2020 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces new partnership with Startup Wise Guys, a leading start-up accelerator with a presence across the Baltic states. This collaboration will benefit start-ups across the regions … Read the full press release

NIB funds Maxima Grupe’s investment in energy efficiency solutions at its stores in Lithuania, Latvia and Estonia

(PRESS RELEASE) HELSINKI, 7-Aug-2019 — /EuropaWire/ — NIB and Maxima LT, UAB sign ten-year EUR 52 million loan agreement to finance Maxima’s investments in its retail network renewal in Lithuania, Latvia and Estonia. The Lithuanian retail company will upgrade 31 … Read the full press release

Sweden presents anniversary funds to celebrate the 100th anniversaries of Estonia, Latvia and Lithuania to promote broad exchange between the countries

STOCKHOLM, 29-May-2018 — /EuropaWire/ — Minister for Foreign Affairs Margot Wallström today presented Sweden’s gift in the form of three anniversary funds the Government intends to set up for Estonia, Latvia and Lithuania on the occasion of their 100th anniversaries … Read the full press release

YIT to start construction on the second stage of Hollister Incorporated’s medical device factory in Kaunas, Lithuania

HELSINKI, 24-May-2018 — /EuropaWire/ — YIT has signed a contract with Hollister Incorporated, a US-based medical products manufacturing company, to construct the second stage of a medical device factory in Kaunas, Lithuania. The value of the deal for YIT is approximately EUR 25 million … Read the full press release

Lithuania to sell renewable energy to Luxembourg between 2018 and 2020

BRUSSELS, 27-Oct-2017 — /EuropaWire/ — Today (26 October 2017) Lithuania and Luxembourg signed an agreement on a so-called statistical transfer of renewable energy. Under this agreement Lithuania will sell a specified amount of renewable energy to Luxembourg between 2018 and 2020. … Read the full press release

Lithuania’s Ignalina Nuclear Power Plant Starts Hot Trial of New Solid Radioactive Waste Management and Storage Facility

Major step forward in  EBRD-managed decommissioning process LONDON, 12-Jun-2017 — /EuropaWire/ — The Ignalina Nuclear Power Plant (INPP) in Lithuania has taken another important step forward in the decommissioning process, managed by the EBRD, with the start of the hot trial, … Read the full press release

EMBO adds Lithuania as a member of the EMBO Installation Grants scheme

HEIDELBERG, 24-Jan-2017 — /EuropaWire/ — EMBO welcomes Lithuania as a member of the EMBO Installation Grants scheme. Early-career scientists looking to move to Lithuania to establish their own, independent research group can apply to the scheme for financial support for … Read the full press release

Lithuania: Teo and Omnitel now with joint customer care space for mobile and fiber-optic communications services

The first joint showroom is now opened in Kaunas. By the end of 2016, fixed line and fiber optic communications services and devices will be available all over Lithuania in two-branded showrooms. VILNIUS, 23-Aug-2016 — /EuropaWire/ — In the beginning of … Read the full press release

Lithuania becomes the 19th member state of the euro area

BRUSSELS, 06-1-2015 — /EuropaWire/ — On 1 January 2015 Lithuania became the 19th member state of the euro area, with euro coins and banknotes entering circulation on the same day. The country joined a number of euro area institutions and euro-related … Read the full press release

The European Ombudsman Emily O’Reilly warned EU citizenship key objective is not succeeding

Vilnius, Lithuania, 16-12-2013 — /EuropaWire/ — The European Ombudsman, Emily O’Reilly, has warned that the key objective of EU citizenship, namely for people to feel a stronger attachment to the EU, is not succeeding. At the closing conference of the “European … Read the full press release

CoR members: Future of European Union rural areas uncertain after recent EU budget cuts

30-7-2013 — /EuropaWire/ — Europe’s rural areas are home to 60% of the entire EU population and provide 56% of all jobs across the Union. Yet shortly after the agreement on the new Common Agricultural Policy, its future seems uncertain unless … Read the full press release

European Union Single Market Scoreboard website covering 13 different tools launched

Single Market Scoreboard website launched – new figures are now available online 4-7-2013 — /europawire.eu/ — With today’s launch of the online only Single Market Scoreboard, a more comprehensive and user-friendly reporting system has been put in place. The Single Market Scoreboard … Read the full press release

EIB signs EUR 50M loan agreement with Lithuanian Railways

Vilnius, 4-6-2013 — /europawire.eu/ —  The President of the European Investment Bank (EIB), Werner Hoyer, has signed a EUR 50 million loan agreement with Lithuanian Railways today for the acquisition of modern rolling stock. After the support for the upgrading of … Read the full press release

EESC president Henri Malosse met the President of Lithuania, Dalia Grybauskaitė

European presidency and energy issues on the agenda for the meeting 23-4-2013 — /europawire.eu/ — EESC president Henri Malosse today met the President of Lithuania, Dalia Grybauskaitė, to address the challenge of the lack of support by European citizens for the … Read the full press release