Lithuanian-owned ACMI provider Avia Solutions Group (ASG) has acquired the UK-based airline operator, Synergy Aviation, AviationSource reports. ASG will later rebrand Synergy Aviation to Ascend Airways. Jonas Janukenas, CEO of ASG, said that the group planned to expand further in the UK. Irish-based ASG is the parent company of several airlines, including Avion Express, Bluebird…
The international credit rating agency, Fitch Ratings, has reaffirmed Lithuanian shopping centre developer Akropolis Group’s long-term borrowing rating at BB+ with a stable outlook, GlobeNewswire reports. The agency noted Akropolis Group’s good financial and operational performance, leading market position, and low vacancy rate. Nerijus Maknevicius, CEO and board chairman of Akropolis Group, said that the…
Lithuanian agricultural company Kauno Grudai has completed the acquisition of 100% of shares in the local agricultural cooperative, Grybai LT, from organic food producer Auga Group for EUR 16.327mn, GlobeNewswire reports. Kauno Grudai bought the shares from Auga Group’s subsidiaries for EUR 12.949mn and repaid Grybai LT’s loan of EUR 3.379mn. Also, Kauno Grudai granted…
Lithuanian asset management firm Modus Asset Management’s Clean Energy Infrastructure Fund will acquire Estonian renewable energy company Evecon’s solar farm portfolio in Latvia for an undisclosed sum, The Baltic Times reports. The portfolio consists of ten ground-mounted solar farms with bifacial solar panels and a total installed capacity of 55 MW. The portfolio is close…
Several hundred people gathered in Lithuania’s capital, Vilnius, on 19 July 2023 to protest against plans by local property developer Dobilo Daigas to cut down nine trees in a small green space in the city centre, LRT reports. Dobilo Daigas plans to expand a café on the small square, which is part of the historic…
Lithuania is assembling a coalition of countries to help Ukraine’s demining efforts, Defence Minister Arvydas Anusauskas announced, BNS reports. He said that besides Lithuania, the coalition now included Finland, Iceland, Norway, Sweden, and soon Denmark. The minister invited other countries to join with their instructors and equipment. The demining mission will operate in territories liberated…
The Lithuanian government has nominated Rasa Jankauskaite as the country’s new ambassador to South Africa, BNS reports. If approved by President Gitanas Nauseda, Jankauskaite will assume office as of 1 September 2023. She said that one of her goals was to agree on visa-free travel for Lithuanian citizens to South Africa, which has a large…
Lithuania’s President, Gitanas Nauseda, will propose stricter penalties for crimes against the state, BNS reports. The proposed amendments would introduce life sentences for organising or taking part in a coup. Currently, the maximum penalty for such an offense is 20 years in prison. Also, the president’s proposed legislation would introduce longer prison terms for being…
A leak of alleged security details of NATO’s summit in Lithuania’s capital, Vilnius, was linked to a breach of Lithuanian government IT systems, the National Crisis Management Centre (NKVC) announced, BNS reports. NKVC director Vilmantas Vitkauskas said that the seriousness of the incident was “likely to be greater than initially thought.” The government chancellery has…