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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The Estonian Defence Industry Cluster today introduced the Baltic Drone Wall concept for the first time

The Estonian Defence Industry Cluster today introduced the Baltic Drone Wall concept for the first time, which aims to strengthen the eastern border of the European Union and NATO. It is a cooperation initiative between Poland, Finland, Estonia, Latvia and Lithuania, which is currently joined by DefSecIntel Solutions, Rantelon, Marduk Technologies, Lendurai, Hevi Optronics, Frankenburg Technologies and TELEKONTA.

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Originally published on 28 Feb

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FedEx Expands Operations in Lithuania with New Sorting Facility in Vilnius

Federal Express Corporation, the world’s largest express transportation company, has officially opened a new sorting facility in Vilnius. The new facility, being built as Lithuanian companies continue to show strong aspirations for international trade, provides businesses with improved cross-border e-commerce capabilities and streamlined logistics operations.

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Originally published on 27 Feb

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Ignitis ON network to install 500 charging points with the help of EUR 16 million EU financial support

In the coming years Ignitis ON, the leading EV fast-charging network, will become even larger and more convenient for EV drivers. The European Union (EU) made a decision to allocate EUR 16 million for the charging network’s expansion. The grant will help fund the installation of 500 new charging points. It is the largest-ever allocated sum to a charging network operator in the Baltics.

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Originally published on 27 Feb

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