airBaltic launches direct flights between Vilnius and Zurich
Lithuanian Airports (LTOU) have announced that on May 3rd, air carrier airBaltic started direct regular flights between Vilnius and Zurich. The airline’s flights to Switzerland’s largest airport will be operated two times a week in May, and three times a week for the rest of the aviation summer season.
“A wider choice of flights to Zurich means more flexibility for passengers and even more convenient connectivity to one of Europe’s most important financial and aviation centres. Such routes strengthen Lithuania’s relations with international partners, provide more opportunities for business, and open air gates to the farthest corners of the world for passengers,” says Roderikas Žiobakas, Vice-Minister of Transport and Communications.
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Originally published on 4 May
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In the Rail Baltica project, envisioned as a seamless corridor stretching from Warsaw to Tallinn, Poland plays a crucial role as a strategic partner, serving as the gateway connecting Lithuania, Latvia, and Estonia with the broader European rail network. While work on Rail Baltica has been progressing in all three Baltic countries, with 43% of the mainline expected to be construction-ready and actively under development by the end of this year, the Polish section has also experienced continuous development for several years.
Rail Baltica team recently conducted a visit to Poland to assess modernization efforts and observe the progress of the railway line that will connect Poland to the Lithuanian border.
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Originally published on 24 Feb
LIAA will carry out the project “Agri-Biocircular-Hub: Center of Excellence for Smart Agriculture and Circular Bioeconomy Towards a Sustainable Agri-Food Sector in Enlargement Countries.” The project will be implemented over a four-year period, from 2025 to 2029. LIAA’s 2023-2029 strategy focuses on fostering knowledge-intensive business, export growth, and investment attraction, with an emphasis on smart specialization strategy (RIS3) areas.
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Originally published on 21 Feb
The Hola 5G Oulu project has announced the successful launch of its private 5G standalone (SA) network at Oulu University Hospital, marking Europe’s first private 5G network in a functioning hospital. This achievement has the potential to revolutionise healthcare with advanced technology. The project, a collaboration between Pohjois-Pohjanmaan hyvinvointialue Pohde, Boldyn Networks, WICOAR Technologies, Oulu University Hospital, and the University of Oulu, aims to enhance patient care and operational efficiency through secure, high-capacity connectivity.
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Originally published on 19 Feb
Pactum AI, an Estonian startup focusing on autonomous negotiation technology, has been named the winner of DIGITALEUROPE’s prestigious Future Unicorn Award for 2025. The company was recognised at DIGITALEUROPE’s Masters of Digital conference in Brussels for its innovative AI platform that automates complex business negotiations.
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Originally published on 20 Feb
Estonia’s Milrem Robotics, world-leading robotics and autonomous systems developer, which previously made history by raising the largest foreign investment round in Estonia’s defence sector, is not slowing down. At IDEX 2025, the company launched its highly anticipated 8×8 Robotic Combat Vehicle (RCV) and signed an agreement with Pearson Engineering to develop mission-specific uncrewed ground vehicles for the MENA region.
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Originally published on 17 Feb
The Council of the Baltic Sea States (CBSS) is inviting proposals for projects that will enhance societal resilience, safety, collaboration and trust within the Baltic Sea Region under its Project Support Facility (PSF) 2025 call. Applications will be accepted until 31 March 2025.
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Originally published on 17 Feb
Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million. The INVL Private Equity Fund II has received strong backing from both existing and new investors, forming an exceptional investor base. This includes some of the most successful entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas. Fundraising will continue to reach a hard cap of EUR 400 million.
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Originally published on 17 Feb
Estonian entrepreneurs can now apply for support to cover the labour costs of research and development employees. The amount of support is 50 per cent of the income tax calculated on the employee’s research and development-related salary in the second half of 2024 (up from 25% in the previous period).
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Originally published on 18 Feb
The funding call from Innovation Agency Lithuania, aimed at supporting the development of innovative products and prototypes in the EdTech and GameTech sectors, closed on February 6 with an overwhelming response. A total of 184 applications were submitted—125 from EdTech startups and 59 from GameTech. However, only the top 8 projects in each category will receive funding.
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Originally published on 18 Feb
Lithuania has emerged as one of the top countries for business, securing an impressive 2nd place in the Global Entrepreneurship Index, according to the latest Global Entrepreneurship Monitor (GEM) 2024/2025 data. This achievement positions Lithuania as a global leader in entrepreneurship, highlighting its dynamic and innovative business environment.
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Originally published on 18 Feb