Lithuania’s Modus Asset Management has secured EUR 58mn of debt financing from Poland’s BNP Paribas Bank Polska and PKO Bank Polski, The Baltic Times reports. Modus Asset Management’s Modus Poland Solar Fund I will use the funds to finance the acquisition of a 93 MW solar farm portfolio in Poland. The fund now owns over…
A Lithuanian family who abducted their children from temporary foster care are linked to the so-called “sovereign citizen movement” (SovCits), according to the State Security Department (VSD), LRT reports. VSD said that the SovCits are guided by an “anti-state extremist ideology” that denies the legitimacy of the state. The children were taken into foster care…
The Lithuanian fashion retailer, Apranga Group, posted an unaudited consolidated profit before income tax of EUR 9.0mn in the first half of 2023, which was up from EUR 7.1mn in the same period of 2022, GlobeNewswire reports. The group’s EBITDA amounted to EUR 18.9mn, which was up from EUR 17.1mn a year earlier. Six-month retail…
Lithuania’s preparedness for possible threats is adequate for the current situation, Prime Minister Ingrida Simonyte stated, LRT reports. She was commenting reports that Russian private military company Wagner Group’s mercenaries had arrived in neighbouring Belarus. Simonyte said that Lithuanian intelligence agencies were monitoring the situation in Belarus and exchanging information with allied partners. Defence Minister…
The European Commission (EC) has criticised Estonia and Lithuania for failing to transpose an EU directive on the rights of child suspects properly into national legislation, BNS reports. The EC opened an infringement procedure by sending a formal notice for failure to transpose the EU directive on procedural safeguards for children suspected or accused of…
Lithuanian President Gitanas Nauseda criticised Defence Minister Arvydas Anusauskas for sharing information on Lithuania’s plans to sign a letter of intent on the purchase of Leopard tanks from Germany, LRT reports. Nauseda said that the State Defence Council (VGT) had agreed that restricted information “should not be shared on Facebook right after the meeting.” He…
The editor-in-chief of Russian propaganda agency Sputnik’s Lithuanian edition, Marats Kasems, has fled Latvia, fearing criminal prosecution, Maria Zakharova, spokeswoman for Russia’s Foreign Ministry, announced, LETA reports. Riga-based Russian independent news website Meduza reported that Kasems was now in Russia. Meanwhile, his Facebook page indicates that he is currently in the UK. Earlier, Kasems pled…
Residents of Bauska municipality in southern Latvia are worried about plans to build a large wind farm in Lithuania near the Skaistkalne sinkhole zone, LSM reports. Anita Rozentale, editor of the regional newspaper, Bauskas Dzive, said that the wind farm would be located only 1.2 km from the sinkhole area. There is a sinkhole zone…
Protesters in Lithuania’s capital, Vilnius, have asked the government to protect the Kedainiai-based fertiliser producer, Lifosa, from closure, BNS reports. Around 300 protesters took part in a rally outside the government office in central Vilnius on 26 July 2023. Kristina Krupaviciene, chairwoman of the Solidarumas (Solidarity) trade union, said that the goal of the rally…