Posts Tagged ‘Lithuania’
Lithuania receives increased EIB Group financing of €577 million in 2025 with major defence, energy projects
The European Investment Bank (EIB) Group’s financing in Lithuania rose 29% to €577 million last year on the back of stepped-up support for security and defence in the country. The increase in 2025 also helped expand renewable energy and upgrade water networks in Lithuania.
The EIB Group’s activity in Lithuania last year represented 0.7% of its gross domestic product (GDP) and helped mobilise €1.4 billion in total investments – equivalent to 1.7% of GDP. The operations supported around 1,500 small and medium-sized enterprises (SMEs) and Mid-Caps and helped sustain more than 17,000 jobs across the country.
Read full announcement (external link)
Originally published on 30 Jan
Read MoreairBaltic Celebrates 30 Years of Connecting Riga and Tallinn
Riga and Vilnius. Today, January 29, 2026, Latvian airline airBaltic celebrates the 30th anniversary of its route between Riga, Latvia, and Vilnius, Lithuania. This marked the airline’s first nonstop service linking the two Baltic capitals, offering customers fast, seamless, and reliable connectivity between Latvia and Lithuania, while also providing passengers from Lithuania with access to a wide range of destinations across airBaltic’s route network in Europe and beyond via RIX Riga Airport.
Mantas Vrubliauskas, VP Network Management at airBaltic: “Over the past three decades, our flights between the two largest cities in the Baltics have provided customers with convenient and reliable travel options for both business and leisure. Vilnius is also one of our home cities and this year we will expand our presence there by launching new direct destinations and increasing frequencies on various existing routes therefore providing our customers with more travel options. We would like to express our sincere gratitude to our long-term partners, RIX Riga Airport and Lithuanian Airports, for their continued cooperation and support of airBaltic’s growth.”
Read full announcement (external link)
Originally published on 29 Jan
Read More€113 million in EU funding allocated to strengthen the resilience of Baltic and Polish electricity grids
The European Commission has allocated €113 million in funding from Connecting Europe Facility (CEF) for critical Synchronisation infrastructure protection implemented by the transmission system operators of Lithuania, Estonia, Latvia and Poland. The implementation of wider range of projects aimed at ensuring energy security against potential cyber and physical threats began on February 9 last year, following the successful synchronization of the Baltic States with the Continental European electricity network.
“Having successfully completed the synchronization project, the Baltic States and Poland continue to invest in energy independence and security. We are grateful to the European Commission for supporting our ambition to make the Baltic Sea region a model for strengthening the security and resilience of critical energy infrastructure across Europe. This funding is the result of our consistent efforts and sets a new precedent, as until now the European Union had no dedicated financing for the protection of critical energy infrastructure. By consistently applying the lessons learned from Ukrainian energy specialists, we are expanding the scope of protection for our critical energy infrastructure projects. We plan to apply for further funding for resilience projects and are actively working to ensure that a long-term EU-level instrument for financing critical energy infrastructure protection is established,” – said Žygimantas Vaičiūnas, Minister of Energy of the Republic of Lithuania.
Read full announcement (external link)
Originally published on 28 Jan
Read MoreGlobal payments leader Checkout.com opens technology centre in Vilnius
Checkout.com, a leading global digital payments provider, has announced the establishment of a technology centre in Vilnius. The expansion follows the acquisition of Blue EMI, a Lithuanian electronic money institution, and will see Checkout.com build capabilities in compliance and technology, to serve its operations.
Since its establishment in 2012, Checkout.com has evolved from a fast-growing fintech into a payments infrastructure provider serving some of the world’s largest enterprises, with an expanding geographic presence and global operations. The company enables businesses to accept, process, and optimise digital payments worldwide, with services spanning online card acquiring, multi-currency processing, issuing, fraud detection, and payment orchestration.
Read full announcement (external link)
Originally published on 27 Jan
Read MoreA Market Sounding Is Announced for the Long-Term Capacity of the Klaipėda LNG Terminal for 2033–2044
AB KN Energies, the operator of the Klaipėda LNG Terminal, plans to launch a long-term LNG terminal capacity allocation procedure for the period 2033–2044 later this year. As a first step, the Company hereby initiates a market sounding process.
Prior to commencing the Procedure, the Company seeks to obtain feedback from market participants on the main proposed conditions of the Procedure. For this purpose, the Company announces a market survey.
Read full announcement (external link)
Originally published on 27 Jan
Read MoreEight Baltic Sea electricity TSOs publish offshore system study to promote coordinated sea basin planning
The electricity Transmission System Operators (TSOs) of eight countries bordering the Baltic Sea today published the first comprehensive regional system study for offshore network infrastructure and offshore wind, marking a significant step toward coordinated sea basin planning in Europe.
The TSOs of Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden – organised in the Baltic Offshore Grid Initiative (BOGI) – developed a study that moves from electricity transmission corridors to potential projects for the 2040-time horizon. The results show that the Baltic Sea region can become a clean energy hub, with around 13 GW of new cross-border interconnectors and up to 50 GW of additional offshore wind identified by 2040. These connections include point-to-point links between countries and strategic offshore nodes such as Bornholm, which could serve as future hybrid hubs. The market modelling indicates that these interconnectors would operate with high utilisation throughout the year and significantly reduce system costs, price peaks and CO₂ emissions.
Read full announcement (external link)
Originally published on 22 Jan
Read MoreAI startups could become the new engine of Lithuania’s economic growth
Lithuania could become one of Europe’s strongest tech centres within just five years, according to the latest study by the association Unicorns Lithuania. The analysis shows that by 2030, the number of startups in the country could triple, the number of specialists employed could double, and the state budget could receive an additional €5 billion in tax revenue.
However, according to the association, such a breakthrough is only possible if the country actively fosters the creation of artificial intelligence (AI) startups. The study estimates that this would require €270 million in state investment by 2030.
Read full announcement (external link)
Originally published on 22 Jan
Read MoreThe Port of Klaipėda is Expanding International Ties: Building Closer Links with the Port of Valencia
During its visit to Spain, the Lithuanian delegation is working to strengthen the Port of Klaipėda’s international links by deepening cooperation with the Port of Valencia – one of the Mediterranean’s leading logistics hubs – through the exchange of expertise in infrastructure development and joint efforts to attract additional cargo flows.
“The Port of Klaipėda is of strategic importance to Lithuania, so decisions relating to it are taken with close attention to global market developments, key industry stakeholders and their experience. This visit provides an opportunity to further strengthen our expertise in specific areas of the maritime sector”, said Lithuania’s Deputy Minister of Transport and Communications, Roderikas Žiobakas.
Read full announcement (external link)
Originally published on 20 Jan
Read MoreMarket participants are invited to provide feedback on the Nordic–Baltic Hydrogen Corridor project
The implementers of the Nordic–Baltic Hydrogen Corridor project — the European gas transmission system operators “Conexus Baltic Grid” (Latvia), “Gasgrid Finland” (Finland), “Elering” (Estonia), “Amber Grid” (Lithuania), “GAZ‑SYSTEM” (Poland) and “ONTRAS” (Germany) — have launched a market survey, inviting market participants to express their views by completing a questionnaire on the cross‑border hydrogen infrastructure development project.
At this stage, market participants are invited to take part in shaping the development of the cross‑border hydrogen network by providing their perspectives on the creation of the Nordic–Baltic Hydrogen Corridor, which will strengthen Europe’s energy security and support the transition to a climate‑neutral economy.
Read full announcement (external link)
Originally published on 16 Jan
Read MoreMAN Engines strengthens its presence in the Baltic States: Adampolis becomes importer of power and marine engines
MAN Engines expands its sales and service network in Estonia, Latvia and Lithuania and entrusts Adampolis, UAB, as its new importer for the Power and Marine segments. Headquartered in Kaunas, Lithuania, the company has been established for many years as an importer of MAN trucks, buses and vans in the Lithuanian market and Finland and has a close-knit network of six locations in Lithuania; the presence in Estonia and Latvia is being expanded in a targeted manner.
As an importer for MAN Engines, Adampolis is responsible for sales, service and spare parts supply for MAN engines for power generation or power and heat generation, for emergency power generators and engines for workboats and yachts in the aforementioned markets. The partnership with the new importer status builds on an already long-standing cooperation in the service business and will be further intensified together with MAN Engines through training and the development of specific competencies for marine and gas engines. “Based on our successful cooperation, we are creating tangible added value for our customers in the Baltic States together with Adampolis. The new importer solution combines experience, proximity to the market and consistent service orientation,” says Jürgen Haberland, Head of Services & Network MAN Engines.
Read full announcement (external link)
Originally published on 14 Jan
Read More