Baltic synchronisation achieved global recognition by winning PMI’s Project of the Year award
The Baltic countries’ synchronisation with continental Europe won the prestigious Project of the Year award at the Project Management Institute (PMI) awards ceremony held in Phoenix, Arizona. One of the largest and most widely renowned associations of project management professionals recognized the successful implementation of this complex project ahead of schedule.
“This global recognition once again confirms that the synchronization of the Baltic countries with the continental European electricity networks is a strategic achievement for our energy independence and a success story in global project management. It is the result of teamwork, professionalism, unity, and determination on the part of all partners. We are proud that Lithuania, together with its neighbours, has proven that it can implement the most complex energy infrastructure projects ahead of schedule and set an example for other countries,” says Lithuania’s Energy Minister Žygimantas Vaičiūnas.
“The Baltic synchronisation project has received global recognition for its project management excellence, which is a great achievement for Lithuania, the other Baltic countries and Poland. The Baltic synchronisation project is not only an important step towards Lithuania’s energy independence and security, but also an example of how focused project management can yield significant results for society. Together with our partners, we are joining the ranks of major international companies and US and Canadian government agencies that have won these awards in recent years,” says Rokas Masiulis, CEO of Litgrid.
Read full announcement (external link)
Originally published on 14 Nov
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
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).
Read full announcement (external link)
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.
Read full announcement (external link)
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.
Read full announcement (external link)
Originally published on 18 Feb