RSI Europe to invest up to €50M in strengthening Lithuania’s defence industry
Minister of Economy and Innovation Edvinas Grikšas has signed a large-scale investment project agreement with Lithuanian defence technology company RSI Europe. The company plans to invest up to €50 million in Panevėžys district, where it will expand its capacity to develop and manufacture advanced defence systems.
“The strength of Lithuania’s defence industry lies in local companies that are able to develop advanced technologies and expand their production here in Lithuania. RSI Europe’s project in Panevėžys district is expected to create up to 40 new jobs, around 35% of which will be for highly skilled engineering and technical specialists. These are concrete opportunities for people to take up qualified work beyond the largest cities and contribute to the growth of the country’s defence industry. Projects like this strengthen our economy and security, while also contributing to our goal of attracting at least 30% of new investments to the regions by 2030,” Edvinas Grikšas, Minister of Economy and Innovation.
RSI Europe is a Lithuanian defence technology company founded in 2022 that develops and manufactures products for national defence applications, which are currently supplied to Ukraine and NATO allies.
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Originally published on 17 Sep
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The joint venture RB Rail AS, responsible for implementing the Rail Baltica global project, announces changes in its Management Board. Effective 1 September 2025, the Board will be composed of five members: Marko Kivila (Chairperson and Chief Executive Office), Marius Narmontas (Chief Operating Officer), Emilien Dang (Chief Technical Officer), Thierry Boussillon (Chief Programme Management Officer), and Ojārs Daugavietis, who joins as Chief Financial Officer. The Management Board provides strategic leadership and ensures the coordinated delivery of the Rail Baltica project across the three Baltic States.
According to Arenijus Jackus, Chairperson of the RB Rail’s Supervisory Board, the Rail Baltica project and the joint venture have faced notable transformation over the past two years considering external challenges and new geopolitical and economic realities. This has required adjustments to project planning, optimisation of solutions and implementation steps, optimization of the joint venture and the whole project management set-up as well as stronger risk and stakeholder management.
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Originally published on 1 Sep
Uspacy, a Tallinn, Estonia-based SaaS startup that provides a digital workspace for small and medium-sized businesses, has raised €420,000 in pre-seed funding.
The round included an investment of €250,000 from Startup Wise Guys, with contributions from several Ukrainian business angels. An additional €170,000+ was secured in the form of grants from Google for Startups, Seeds of Bravery, Glovo Startup Lab, and the Ukrainian Startup Fund, supported by UMAEF.
The investment will be used to develop the product further and expand active marketing, primarily in Ukraine and Poland. The team aims to confirm the ability to scale business in international markets and demonstrate significant foreign attraction.
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Originally published on 31 Aug
Discussions have been increasing in Lithuania about how artificial intelligence will change learning – but BBright is already doing it. The team founded just a few years ago is now helping thousands of school pupils in Lithuania to learn maths more efficiently, and the Elicėjus platform they are developing has already been recognised internationally. It has been recently selected for the Google.org-funded Grow AI Accelerator and received USD 140 000.
The idea to create a personalised learning platform came from personal experience rather than from market analysis, since both Mantas Vičius, the co-founder of the platform, and his classmates struggled with maths at school. “We didn’t know where to start – the gaps kept piling up, until eventually we didn’t know where exactly we were stuck,” he says. Having subsequently examined the national statistics, they realised that it was a systemic problem: 35% of graduates fail the maths exam and 40% fail the evaluation of basic education achievements.
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Originally published on 18 Apr
From 7 to 10 April this year, the global passenger cruise industry met in the heart of Miami for the 40th edition of Seatrade Cruise Global – the largest and most important event in the cruise shipping calendar. The Port of Gdańsk, which traditionally represents Poland on the international stage, had to be among this group of exhibitors and business people from all over the world.
Although the Seatrade Cruise Global trade fair is mainly associated with Florida today, its origins date back to 1985, when the first edition of this event was held in New York. The anniversary fair brought together representatives of the largest shipowners, ports and tourist organisations, who discussed the future of passenger cruises, sustainable development and technological innovations.
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Originally published on 18 Apr
Ignitis Renewables, an international green energy company, has completed the first stage of the largest wind energy project in Lithuania and the Baltics, Kelmė wind farm. The 114-megawatt (MW) Kelmė wind farm I has successfully reached the commercial operations date.
“Kelmė wind farm I is the largest wind energy project implemented by Ignitis Renewables in Lithuania to date. This is one of the cornerstone projects that will allow us to move firmly towards our main goal of reaching 4–5 gigawatts (GW) of installed green generation capacity by 2030. This stage marks the increase in local electricity generation as well as the creation of a more secure energy system domestically and across the region,” says Darius Maikštėnas, CEO of Ignitis Group.
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Originally published on 17 Apr
The Council of the Baltic Sea States (CBSS) and the Swedish Gender Equality Agency (Jämställdhetsmyndigheten) have published a new roadmap aimed at strengthening Sweden’s response to trafficking for forced labour and labour exploitation.
The publication, Effectively Identifying, Disrupting and Countering THB for Labour Exploitation: A Roadmap for Sweden, offers practical guidance based on national and international research, study visits, and expert consultations.
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Originally published on 16 Apr
Estonian offshore wind opportunities unite investors from all around Europe. Estonian energy company Sunly has joined forces with France’s VALOREM Group and Norway-based Deep Wind Offshore to develop the Tuul Energy project, reports Oedigital.
The collaboration, announced on April 10, will focus on developing a massive 250 km² area near Saaremaa Island. The project aims to install bottom-fixed offshore wind turbines with a potential capacity exceeding 1 gigawatt (GW), enough to power hundreds of thousands of homes.
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Originally published on 15 Apr
Lithuania’s fast-growing gaming ecosystem is getting another level-up: the second edition of the GameTech Accelerator has officially kicked off with 10 new studios ready to take their game ideas global.
“Lithuania’s game scene is buzzing with creativity and potential. The country’s first dedicated GameTech accelerator proves that with the right mentorship and international exposure, our local teams can become competitive on a global stage,” said Karolina Urbonaitė, Head of Startup Lithuania at Innovation Agency Lithuania. “We’re proud to be part of this initiative that’s not only accelerating game studios but also reshaping our startup ecosystem.”
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Originally published on 15 Apr
Riga Technical University (RTU) Science and Innovation Centre (ZIC) invites applications for participation in the defence industry hackathon EUDIS Defence Hackathon 2025 by May 5. The hackathon will take place from May 9 to 11 at RTU Rezekne Academy.
The goal of the hackathon is to promote innovation development in the defence sector, focusing on the creation of innovative equipment and software solutions for Ukraine’s defence needs.
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Originally published on 14 Apr
Luleå University of Technology is taking a unified approach to AI development through a strategic action plan that encompasses the entire organisation. The aim is to integrate AI into its core mission while ensuring the technology is used ethically, legally, and intelligently.
“AI is here to stay and affects all of us, regardless of our role. This is one of the biggest technological changes we face – perhaps comparable to the introduction of personal computers. We need to understand it and use it in a responsible and smart way,” says Pär Weihed, Pro Vice-Chancellor at Luleå University of Technology.
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Originally published on 14 Apr