Baltic: EU allocates another EUR 1.2bn for Rail Baltica project

The European Commission will allocate an additional EUR 1.2bn of EU funds for the construction of the Rail Baltica railway, the project’s coordinator, RB Rail, announced, LSM reports. Of the sum, around EUR 370mn will go to Estonia, EUR 346mn to Latvia, and EUR 458mn to Lithuania. Together with national co-financing, total available funding will…

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Lithuania: President hints replacing health, agriculture ministers

Lithuanian President Gitanas Nauseda has hinted at the possible replacement of a few government ministers, expressing particular dissatisfaction with the performance of the ministers of health and agriculture, BNS reports. Nauseda has had preliminary discussions with Prime Minister Ingrida Simonyte about the possible changes, emphasising the necessity of action despite the approaching parliamentary elections. The…

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Lithuania: Parliament mandates licences on crypto companies

The Lithuanian parliament, the Seimas, has approved legislation tightening the supervision of virtual currency companies, BNS reports. Under the amendments, crypto asset companies will have to obtain licences from the Bank of Lithuania. The amendments implement the European Regulation on Markets in Crypto-Assets (MiCA). Market participants have until June 2025 to be licensed. The central…

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Lithuania: Gitanas Nauseda sworn in as president for second term

Lithuanian President Gitanas Nauseda was inaugurated as president for a second term on 12 July 2024, LRT reports. In his inaugural address, Nauseda pledged to strengthen national security, defend Lithuanian interests in foreign policy, continue supporting Ukraine, and foster ties with the US. He called for raising Lithuania’s defence budget to 4% of GDP by…

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Lithuania: Special status granted to Rheinmetall ammo plant project

The Lithuanian government has granted special status to German arms manufacturer Rheinmetall’s planned artillery ammunition plant in Radviliskis district, BNS reports. The designation allows the company to begin construction of the plant without the standard construction permits, which must be obtained before completion. The plant, which will be named the Lithuanian Centre of Excellence for…

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