Lithuania secures €300 million EIB loan to boost defence on EU’s eastern border
In yet another major step to reinforce European security, the European Investment Bank (EIB) is providing €300 million to the Lithuanian government for investments in military infrastructure. The loan marks a strategic milestone in reinforcing the EU’s eastern border, where Lithuania plays a key role in NATO’s collective defence and rapid-response capabilities.
The financing will help Lithuania strengthen its defence capabilities through investments in key areas: harbour boats for piloting and towing, medical transport and equipment, and new infrastructure for residential, administrative, training, transport and logistics needs. The upgrades will support the Lithuanian Armed Forces and help meet North Atlantic Treaty Organization commitments.
The signed loan is part of a broader €500 million investment package approved by the EIB for this operation. It complements a €540 million loan approved earlier this year for the NATO military base in Rūdninkai, along with advisory support. Together, this brings EIB Group support for Lithuania’s defence to over €1 billion in 2025.
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Originally published on 7 Nov
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Prototron Fund, Estonia’s first fund dedicated to financing prototype development, has launched a new competition aimed at finding companies eager to transform their ideas into practical solutions. A total of €75,000 will be distributed among the best applicants, with applications open until 28 February.
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Originally published on 12 Feb
The City of Oulu and Verso Energy of France have signed a joint venture agreement to build a hydrogen refinery in Oulu that will produce 80,000 tonnes of synthetic aviation fuel (eSAF) per year. According to Verso Energy, the plant is estimated to cost €1.4 billion and would employ 250 people.
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Originally published on 14 Feb
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Originally published on 12 Feb
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Originally published on 13 Feb
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Originally published on 12 Feb
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Originally published on 11 Feb
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Originally published on 10 Feb
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Originally published on 10 Feb
Draugiem Group company Mapon expands its presence in the Nordic region by acquiring 100% of the shares in Interkom AB, a fleet management provider based in Lund, Sweden. Mapon and Interkom AB offer fleet management and GPS tracking solutions, helping clients optimize resource management, enhance road safety, and promote sustainable corporate governance. This acquisition strengthens Mapon’s customer base in Sweden and brings in a team of seasoned professionals, enabling faster growth in the Swedish market.
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Originally published on 10 Feb
On 9 February, President Edgars Rinkēvičs paid a working visit to Vilnius, Republic of Lithuania. During the visit, President of Latvia met with the President of the Republic of Lithuania, Gitanas Nausėda, the President of the Republic of Estonia, Alar Karis, the President of the Republic of Poland, Andrzej Duda, and the President of the European Commission, Ursula von der Leyen. The officials discussed the accession of the Baltic states to the European energy system, the protection of critical infrastructure, the strengthening of transatlantic relations, the development of the European defence industry, the implementation of key regional infrastructure projects, as well as support for Ukraine and sanctions policy towards Russia.
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Originally published on 9 Feb