Posts Tagged ‘Lithuania’
Cybersafety in numbers Nordic-Baltic cyber consortium
Seven countries in the Nordic-Baltic region have agreed to pool their resources to stave off cyberattacks. Funded by the EU, hosted by Denmark, and with the participation of Estonia, Finland, Iceland, Latvia, Lithuania and Norway, the Nordic-Baltic Cyber Consortium will serve as a means for national cyber-security agencies in the seven countries to share information and to work together to develop new ways to counter cyberthreats.
The threat of cyberattack is not unique to the Baltic region, but the countries taking part in the consortium are among the most digitalised in the world, and thus particularly at risk. One strategy to protect themselves would be to take their foot off the pedal and move some services offline again, but that would mean losing many of the efficiency gains digitialisation has created, especially in the public sector. Doing so would also spoil plans to roll out artificial intelligence. By doubling down on digitalisation, they have decided that what makes them vulnerable is also what can make them stronger.
Read MoreNuvei Liquidity granted an authorisation of a crypto-asset service provider
Lietuvos bankas has granted an authorisation of a crypto-asset service provider to Nuvei Liquidity, UAB for the provision of custody and administration of crypto-assets, transfer services for crypto-assets, exchange of crypto-assets for funds and other crypto-assets.
The company has also obtained the payment institution licence, authorising it to perform operations with electronic money tokens (EMT).
Nuvei Liquidity, UAB, which has operated in Lithuania since 2004, is part of the Nuvei Group, one of Canada’s largest providers of financial technology services, operating in more than 20 jurisdictions.
Read full announcement (external link)
Originally published on 17 Dec
Read MoreDecentralized granted an authorisation of a crypto-asset service provider
Lietuvos bankas has granted an authorisation of a crypto-asset service provider to UAB Decentralized for the provision of custody and administration of crypto-assets, transfer services for crypto-assets, exchange of crypto-assets for funds and other crypto-assets.
The company has also obtained the payment institution licence, authorising it to perform operations with electronic money tokens (EMT).
UAB Decentralized operating under the CoinGate brand, is one of the oldest virtual currency exchange operators in Lithuania (founded in 2014) with more than 50 employees.
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Originally published on 17 Dec
Read MoreThe cuts stop here Lithuania’s public broadcaster makes a stand
Employees of LRT, the Lithuanian public broadcaster, began a three-day protest today as members of the Seimas opened discussion of a law that would make it easier to dismiss its director-general. Some 1,500 journalists and cultural figures gathered to raise alarm that the measure—which comes on the heels of a decision to reverse a planned 11% budget increase over the next three years—is an attack on LRT’s independence and an encroachment on free speech.
Earlier in the month, 10,000 people gathered for a similar protest, and many Lithuanians say hamstringing LRT puts Lithuania on a path already laid out in Hungary, Slovakia and Poland. That is indeed bad company, but the reality is that public broadcasters throughout Europe have come under increased political scrutiny. Cases such as the BBC’s misleading editing of a Donald Trump speech adds fuel to the critics’ fire, but the big scandals are rare, and, indeed, their reporting is deemed as being critical, fair and necessary by both the public and experts alike. No wonder why the lawmakers are irritated.
Read MoreSwiss privacy technology company Proton to expand its R&D hub in Vilnius
Proton, a Swiss privacy-focused technology company, is expanding its software engineering operations in Lithuania as part of its broader global development strategy. The Vilnius office, established in 2019, currently employs around 20 specialists and acts as a regional R&D hub integrated into Proton’s global product teams.
Proton was founded in 2014 by a team of scientists who met at CERN. Guided by the belief that privacy is a fundamental human right, the company has grown into a global provider of secure, open-source services with more than 100 million accounts across 180+ countries. Its products include Proton Mail, Proton VPN, Proton Drive, Proton Calendar, Proton Pass, Proton Authenticator, and Proton Wallet. The company’s users range from privacy-conscious individuals to journalists, activists, NGOs in high-risk environments and privacy-first businesses.
Proton selected Vilnius for expansion due to its high-quality engineering talent, strong university programmes in computer science and cybersecurity, and a mature technology ecosystem. According to Beatriz Dominguez, VP People at Proton, Lithuania also offers favourable conditions for privacy-first innovation, supported by government incentives and strong connectivity to European data infrastructure.
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Originally published on 16 Dec
Read MoreLeopard 2 A8 agreements signed by the MoD and international defence industry partners
The Ministry of National Defence and representatives of KNDS Deutschland, Rheinmetal Landsysteme and EPSO-G state-owned energy group international partners signed a Memorandum on industrial cooperation concerning constructions of Lithuania-based assembly and maintenance infrastructure for the Leopard 2 A8 main battle tanks. The project will be completed at a more efficient pace thanks to the major investment project statues granted by the Ministry of the Economy and Innovation.
25.1% of stocks of Lithuania Defense Services (LDS) owned by KNDS Deutschland and Rheinmetal Landsysteme are planned to be transferred to EPSO-G Invest. Parties prepare for agreement on cooperation terms in detail in 2026.
The Memorandum covers assembly of part of the tanks in Lithuania aiming for the shortest possible delivery terms and offer preconditions for capability development to the Lithuanian defence industry. In the wake of the agreement signature with the MoD, LDS will start building and assembly factory for the latest version of Leopard 2 A8. In its turn, Lithuania commits to contribute in developing the LSD manufacturing base and has signed an additional agreement on tank maintenance in combat-ready condition.
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Originally published on 11 Dec
Read MoreVilnius Book Fair expands: introduces its first corporate patron and cultural programme partner
The Vilnius Book Fair is turning a new page in its history. For the first time, the organisers of the event taking place in February 2026 are introducing an official corporate patron – Invalda INVL, an asset management group – and a cultural programme partner, Lithuania’s largest bookstore chain, Pegasas.
Since its launch in 2000, the Vilnius Book Fair has grown over a quarter of a century into Lithuania’s most anticipated cultural event. To further strengthen the fair’s international presence and support its continued growth, the 2026 edition will, for the first time, have an official corporate patron.
“Partnerships between the Vilnius Book Fair and the business community are a major step forward. They help enhance the fair’s international reach, foster literary initiatives, support creators, and make sure our messages reach the widest possible audience. The cultural environment created by the fair plays an essential role in shaping society’s identity, nurturing creativity, and engaging diverse social groups in public life. For private businesses, this is also an excellent opportunity to reinforce their reputation through social responsibility and active involvement in the cultural ecosystem,” says Dovilė Zaidė, President of the Lithuanian Publishers Association.
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Originally published on 12 Dec
Read MoreAll aboard Rail Baltica gets a political push
Rail Baltica—the multi-billion‑euro, European‑gauge rail line linking Estonia, Latvia and Lithuania with the rest of the EU—remains on schedule for completion in 2030, the prime ministers from the three countries said on Friday. Meeting in Rīga, they provided a status report for the project and pledged that they would devote the time and money needed for it to be completed (and promised to get as much EU funding as they could get their hands on).
The unwavering backing for the project is a reassurance; the problem is that it is necessary at all. All major infrastructure construction goes over time and over budget, but Rail Baltica is more than a matter of prestige. Like their decoupling from the Russian power grid earlier this year, its construction reiterates to Moscow that the Baltics are EU territory and would make it harder for the Kremlin to bring them back into its sphere of influence. Reports that Latvia was considering saving money by retaining the Russian gauge on its part of the railway may just have been rumour, but the seriousness of the situation cannot be exaggerated.
(📸 Inga Ruginienė)
Read MoreTeltonika Expands in Kaunas – a New Technology Centre of the Company Group to Be Established
ALEX Kaunas Innovation Park has welcomed its first greenfield investor – Teltonika, one of the strongest high-tech group of companies in Lithuania, is strengthening its presence in Kaunas. The company has chosen Kaunas as a new destination for its strategic growth. A conclusion of an investor agreement has been followed by Teltonika’s application for lease of a 4-hectare site.
It’s official: the first greenfield investor at ALEX Kaunas Innovation Park becomes Teltonika – a leading Lithuanian technology group, known worldwide for developing and manufacturing cutting-edge B2B Internet of Things (IoT) solutions. The Lithuanian-owned company, known for its industrial networking equipment, telematics solutions, EV charging stations, and telemedicine devices, is planning to open a new Technology Centre in Kaunas and has already taken steps to lease a 4-hectare site for the project.
“Teltonika has been operating in Kaunas for more than 20 years, and during this time we’ve built a strong and globally recognised business niche in networking equipment. With a talented team of engineers and a supportive environment for growth, we are ready for a major step forward – investing over EUR 34 million into a 15,500 m² technology centre that will become a hub of modern laboratories, automated production lines, and spaces for developing new innovations,” – says Arvydas Paukštys, founder of the Teltonika group.
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Originally published on 10 Dec
Read MoreDanish greentech company Watts opens software competence center in Vilnius
Watts, a Danish greentech company specialising in smart home energy solutions, has established a new software competence center in Vilnius. Over the next three years, the company plans to hire up to 100 engineers and technology specialists to accelerate development of its smart home energy platform.
Founded in 2016 in Køge, Denmark, Watts develops integrated renewable-energy solutions that help households track their energy consumption and make informed, data-drive decisions to reduce their environmental impact as well as manage costs more efficiently.
Today, more than 700,000 Danish households use Watts’ energy app (WattsOn), smart devices, and its intelligent Homegrid™ system to monitor consumption, understand usage patterns, and optimize their daily energy choices.
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Originally published on 8 Dec
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