INVL Baltic Farmland announced operating forecasts for this year and planned dividends

INVL Baltic Farmland, a company that invests in agricultural land, announced its operating forecasts for this year along with planned dividends and decisions that are being proposed to the shareholders’ meeting. The company plans to earn a net profit of EUR 460,000 and have consolidated revenue of EUR 890,000 this year. This forecast assumes that during 2025 the value of land holdings will not change, no new agreements on the purchase or sale of land will be signed, and there will be no change in the impairment of trade receivables and no impact of trade receivables on the size of the administration fee.

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Originally published on 21 Mar

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“Walk15” Reaches a Valuation of €30 Million, Expands Further in Europe

The global sustainable initiative startup “Walk15,” founded in Lithuania, continues its rapid growth across Europe, reaching a valuation of €30 million. The company is now opening a Series A investment round, with initial investments coming from its existing shareholders, including the venture capital fund Coinvest Capital, led by Viktorija Trimbel, the angel syndicate NGL, led by Justinas Pašys, and other investors.

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Originally published on 17 Mar

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Global water treatment solutions provider Ovivo to establish design center in Kaunas

Ovivo, a leading provider of water treatment and purification solutions, has announced plans to open a design center in Kaunas, Lithuania. The new facility, scheduled to open in April 2025, will focus on piping and plant design for the company’s ultrapure water and wastewater treatment systems. Headquartered in Montreal, Canada, Ovivo specializes in providing innovative water treatment solutions, and is renowned for its technical expertise in producing ultrapure water for the electronics industry.

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Originally published on 17 Mar

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Urtė Neniškytė awarded research grant

Professor Urtė Neniškytė, a distinguished researcher at the Vilnius University Life Sciences Centre and the European Molecular Biology Laboratory Partnership Institute, has been awarded the prestigious European Research Council Consolidator Grant.

This highly competitive grant supports outstanding mid-career researchers and provides funding for groundbreaking scientific discoveries.

The grant will fund research into the role of the glycocalyx—a unique cellular identifier that helps the body distinguish between healthy and damaged cells—in brain function and neurological diseases.

The research is expected to open new pathways for diagnosing and treating brain disorders, potentially leading to significant advancements in neuroscience and medicine.

Vilnius University Life Sciences Centre

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Vilnius Recognised for Excellence in Foreign Direct Investment

Vilnius has been awarded the top international recognition for its foreign direct investment (FDI) strategy, securing the prestigious Best FDI Strategy Award at MIPIM 2025, one of the world’s largest real estate exhibitions. The Lithuanian capital was honoured in the fDi European Cities and Regions of the Future 2025 rankings for mid-sized cities, an initiative by fDi Intelligence, a division of the Financial Times. This recognition underscores Vilnius’ long-term commitment to attracting global investment, fostering a business-friendly environment, and driving innovation.

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Originally published on 12 Mar

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Lithuania Strengthens its Position in Global Health Tourism

Lithuania continues to bolster its presence in the international tourism scene, having recently received the prestigious ITB Health Tourism Award 2025. This award, presented by the world’s largest tourism exhibition, ITB Berlin, recognises countries for their achievements in developing health tourism infrastructure, service quality, and international visibility.

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Originally published on 7 Mar

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INVL Baltic Sea Growth Fund has completed the sale of InMedica Group to Finnish Mehiläinen

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, together with the other shareholders, have completed the sale of InMedica Group, Lithuania’s largest private healthcare network, to Mehiläinen, Finnish largest social and healthcare provider with fast growing international presence

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Originally published on 6 Mar

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Nord Stream 2 revival met with Baltic chill

Germany and its Baltic allies have flatly rejected suggestions that delivery of Russian gas via the Nord Stream 2 pipeline may resume. Rumours that such a plan are afoot emerged on Sunday, when the Financial Times, a news outlet, reported that a former boss of Gazprom, the Russian firm that operated the pipeline, was working to revive the €11 billion project.

To its boosters, the pipeline running along the floor of the Baltic Sea was a sign that Russia was securely tethered to Europe and the west. Its detractors, both those who remained unconvinced that Moscow was indeed an ally, as well as greens agitating for lower, greener energy consumption, were never sold on the first Nord Stream, let alone its sequel.

But when both were damaged by sabotage in September 2022 (by whom remains unknown), European countries, and Germany in particular, rushed to break their energy ties to Russia: today, Norway is Germany’s primary gas supplier, and, on 8 February, Estonia, Latvia and Lithuania broke a power connection to Russia that dates back to the Soviet Union when they connected themselves to the EU grid.

Nothing suggests anyone is interested going back. “Independence from Russian gas is of strategic importance,” the German economy ministry insisted in its denial that Berlin was talking to Moscow about re-opening Nord Stream 2. With Europeans now looking to secure their future, it would appear that the era of Russian gas has passed.

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Danish retailer Salling overtakes Baltic chain

Denmark’s largest retailer will purchase Rimi, a Baltic retail chain, Salling Group and ICA Gruppen, the chain’s current owner, announced today. The deal makes Salling one of the largest supermarket operators in the Baltic region.

According to ICA Gruppen, the value of Rimi’s retail business in Lithuania, Latvia and Estonia is around €1.3 billion.

Salling will take over €500 million of Rimi Baltic’s debt, which is mainly made up of lease liabilities. The transaction will increase the company’s capital by €630 million and generate cash inflows of €810 million.

Salling said the acquisition of Rimi is the largest transaction its history. It will now own 2,100 supermarkets in the Baltic states, Denmark, Germany and Poland.

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