Posts Tagged ‘Lithuania’
The Baltic Pavilion at EXPO 2025 Osaka: Recognised Among the Best
The Baltic Pavilion at EXPO 2025 Osaka has already welcomed around 800,000 visitors — a strong sign of its growing popularity. Its success has also been confirmed on the international stage: at the TEDA Awards, organised by the Experience Design Association, the pavilion won 2nd place in the Visitor’s Choice category and 5th place for Best Mascot.
The TEDA “Expolympics” competition highlights the most creative, innovative and impactful experiential design solutions at EXPO. This year, more than 160 countries and organisations are taking part.
“Visitor interest in the Baltic Pavilion has been strong from the very first days of the Expo, and we are delighted that the way we present Lithuania and the Baltic region has also been recognised by the international jury. Our aim was not only to capture attention, but also to build lasting connections — combining modernity and innovation with elements that reveal our identity and uniqueness. Standing out among so many participating countries is no easy task, and we are proud that Lithuania has succeeded,”
– Lina Antanavičienė, Commissioner General of the Lithuanian Pavilion at EXPO 2025 and Ambassador
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Originally published on 24 Sep
Read MoreNIB backs infrastructure upgrades at Lithuanian airports
NIB and Lithuanian Airports have agreed on a loan of EUR 20 million for the company’s 2025–2028 investment plan. The investments aim to enhance operational efficiency and strengthen Lithuania’s aviation sector’s long-term development.
A significant share of the financing will go towards constructing a multi-level parking facility at Vilnius Airport, which will help ease passenger flow and improve accessibility. In addition, the company will upgrade its ground transport fleet by acquiring new loaders, tractors, snow removal vehicles, sweepers, and other equipment to ensure smooth operations in all weather conditions.
The investment plan also includes the purchase of electric buses and charging infrastructure, making passenger transfers more sustainable.
Read full announcement (external link)
Originally published on 17 Sep
Read MoreKlaipėda Port Prepares for Lithuania’s Offshore Wind Ambitions
Work is underway at the Port of Klaipėda on a major project that supports Lithuania’s plans to develop offshore wind farms. In the area of the former International Ferry Terminal, quays are now being constructed.
“Klaipėda Port is moving with Lithuania’s ambitions to build offshore wind parks in the Baltic Sea. We’re preparing to become a key base for this project – setting up areas where turbine components can be assembled, handled and stored. Right now, in the southern part of the port at the former International Ferry Terminal, the constructor Tilsta is carrying out the first stage of infrastructure works – reconstructing quays,” says Algis Latakas, CEO of the Klaipėda State Seaport Authority.
Back in May 2022, the Klaipėda Port Authority and cargo handling company Klasco signed an investment agreement, launching the development of port infrastructure needed for Lithuania’s future offshore wind projects.
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Originally published on 22 Sep
Read MoreLithuania Sets Record in the Global Innovation Index: A Growing Hub for Startups and Innovation
Lithuania has reached a new milestone in the Global Innovation Index, climbing two places to 33rd among 139 countries. This is Lithuania’s highest position ever and a strong signal of the country’s rapid progress in building a competitive and innovation-driven economy.
“Lithuania is making remarkable progress in innovation, which is also reflected in the Global Innovation Index. This achievement is especially significant given the current global economic uncertainty and ongoing geopolitical challenges that directly affect our region’s investment climate. Yet we continue moving in the right direction — towards building a high value-added, startup-driven innovation ecosystem,” said Acting Minister of Economy and Innovation, Lukas Savickas.
Lithuania’s strengths lie in areas that are directly shaping its dynamic startup ecosystem. The country ranks 3rd globally for the share of women with higher education employed in the labor force, 8th for mobile app development, and continues to lead in unicorn value relative to GDP. These results highlight Lithuania’s role as an agile and forward-looking innovation hub.
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Originally published on 16 Sep
Read MoreTelematics and Connected Mobility Conference in Vilnius: A Signal Moment for the Industry Took Place
Gurtam, a global leader in fleet management software headquartered in Lithuania, hosted the Telematics and Connected Mobility conference on 10–11 September at LITEXPO, the largest event venue in the Baltics. The conference brought together fleet operators, telematics service providers, connectivity experts, and technology innovators from around the world, creating a concentrated space for dialogue and discovery on the future of vehicle operations.
Telematics and Connected Mobility combined two full days of sessions across two tracks, including a tech expo with 18 companies showcasing their latest solutions and innovations. This format allowed fleet managers to exchange directly with developers, hardware providers, and peers, blending strategic insight with practical, hands-on demonstrations.
With more than 500 attendees spanning from Australia to Latin America, event speakers included senior engineers from global IoT providers, professionals from Porsche Consulting, Bamboo Group, and Amazon, as well as top Lithuanian-headquartered but globally operating companies such as Teltonika, Ruptela, Gurtam, and Girteka. Their presence underscored Lithuania’s growing role as a hub for innovation in fleet digitalization.
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Originally published on 12 Sep
Read MoreRail Baltica marks ceremonial signing of historic electrification contract
At the beginning of September, Riga hosted the European Hydrogen Valleys Investment Forum (EHVIF TechTour 2025), reaffirming hydrogen as one of the central themes for Europe’s future energy landscape. The event gathered more than 220 participants – including start-ups, investors, corporate representatives, experts, and policymakers.
In total, 40 start-ups and hydrogen valley projects presented their innovative ideas, while more than 40 investors and industry leaders shared their perspectives on developing and financing clean energy solutions. The event concluded with eight companies being recognized by the expert jury as Top Presenters.
Special attention in the programme was devoted to discussions on hydrogen production, storage, distribution, and use in mobility and industry, as well as on governance and cooperation models. One of the key highlights was the pitching session, where the H2Value project was presented – the first cross-border initiative to build a green hydrogen value chain between Latvia and Estonia. The project’s goal is to gradually establish the entire chain, from production and storage to distribution and real-life application in transport.
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Originally published on 15 Sep
Read MoreStartup Fair 2025 Invites You to the Pitch Battle: €3 Million in Investment Awaits the Best Startups
Lithuania’s largest startup event – Startup Fair 2025 – is soon returning to Vilnius. On October 9, the event will culminate in the Pitch Battle at LITEXPO, where innovative startup ideas will compete for the attention of experienced investors. It’s a unique opportunity for startups to showcase their businesses to an international audience, attract investment, and build valuable connections.
Success stories from last year prove just how important this event is. For the winners – including startups Psylink and BrachyDOSE – the Pitch Battle became a launchpad for their next growth stage.
“Lithuania’s startup ecosystem is now stronger than ever – with over a thousand innovative businesses operating globally, attracting both investment and talent, and 67% already active abroad. However, growing without the right support is difficult – nearly a third of startups cite lack of financial resources as their main challenge. That’s why it’s crucial to take advantage of funding opportunities and events like Pitch Battle, which help attract investor attention and secure the necessary resources for growth,” says Karolina Urbonaitė, Head of Startup Lithuania.
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Originally published on 9 Sep
Read MoreSpringWater Launches as Entrepreneur-Led SaaS Acquirer, Announces First Acquisition of FirstPromoter
SpingWater, an entrepreneur-led investment firm focused on acquiring and scaling founder-led SaaS businesses, announced its official launch today. The firm is backed by bootstrapped entrepreneurs who have built global category leaders like Hostinger, WebPros, Contabo, as well as NordVPN, Oxylabs, nexos.ai (the Tesonet group).
SpringWater targets product-led SaaS businesses with €1–10M ARR that have the potential to become global category leaders. The firm invests long-term capital without forced exits, focusing instead on partnering with founders to preserve their legacy while unlocking new growth levers.
SpringWater was initiated by Arnas Stuopelis, Co-founder and Chairman of the Board at Hostinger, which is known for scaling from zero to more than €180M in revenue in 2024, serving 3.5+ million customers in 150+ countries, with sustained 60%+ annual growth, without raising any external capital.
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Originally published on 4 Sep
Read MoreTrading on the Baltic and Finnish gas markets to move to the European Energy Exchange platform
Starting from 9 September 2025, trading on the Baltic and Finnish gas markets will shift from the GET Baltic platform to the European Energy Exchange (EEX).
The change will enable Estonian market participants to strengthen their connection with the Baltic and Finnish markets and gain access to European markets, including the possibility to trade with Contract for Difference (CfD) between these markets. For consumers, this means that gas prices in Estonia will follow European price trends more closely. With the help of CfD, gas sellers will be able to better hedge their risks, which should reduce sales margins.
“As a result of successful cooperation between the gas exchanges EEX and GET Baltic, as well as between Elering and other Baltic/Finnish transmission system operators, we will continue offering implicit capacity allocation, which ensures greater liquidity and better price convergence between the Finnish-Baltic gas market areas,” said Airi Noor, Head of Market Development at Elering.
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Originally published on 8 Sep
Read MoreChanges in RB Rail’s Management Board
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
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