Lithuania’s state-owned airport operator, Lietuvos Oro Uostai (Lithuanian Airports, LTOU), plans to invest another EUR 250mn in 2025-2052, according to a study drawn up by Dutch aviation consultancy NACO, BNS reports. Under the plan, LTOU would invest around EUR 180mn in developing Vilnius International Airport, EUR 50mn in Kaunas Airport, and EUR 20mn in Palanga…
Poland’s Bank Polska Kasa Opieki (Bank Pekao) plans to open a branch in Lithuania, according to Gediminas Simkus, head of the Bank of Lithuania, BNS reports. Speaking in an interview with 15min, Simkus said that Bank Pekao’s representatives visited Lithuania in December 2023. He was optimistic about the bank setting up operations in Lithuania. Sources…
Lithuania is exploring the possibility of acquiring a stake in Latvia’s national air carrier, Air Baltic Corporation (airBaltic), according to Transport Minister Marius Skuodis, BNS reports. Skuodis has discussed the issue with his Latvian counterpart, Kaspars Briskens. Skuodis suggested that some airBaltic aircraft could be based in Lithuania and that airBaltic could become a joint…
The new Lithuanian Exarchate of the Ecumenical Patriarchate of Constantinople of the Eastern Orthodox Church plans to build its own church, possibly in Vilnius, BNS reports. Justinus Kiviloo, head of the exarchate, stated that he was “categorically against” taking over church buildings from the Russian Orthodox Church. He said that the funds to build the…
Germany’s Deutsche Bank is considering opening a service centre in Lithuania, Elijus Civilis, head of Lithuania’s state-run investment promotion agency, Invest Lithuania, confirmed, BNS reports. Civilis said that negotiations with Deutsche Bank were ongoing and that the bank was evaluating various options for possible operations in Lithuania. Deutsche Bank has not commented on its plans….
Lithuania’s Education Minister, Gintautas Jakstas, has proposed phasing out secondary education in Russian, following the Latvian and Estonian example, BNS reports. He suggests focusing on EU languages. The Ministry of Education is exploring ways to suspend Russian as a language of tuition, with a proposal expected soon. Jakstas emphasised that Russian schools would not be…
Ukraine’s National Agency on Corruption Prevention (NAZK) has added Lithuanian fish processor Viciunai Group to its list of “International Sponsors of War,” BNS reports. NAZK stated that Viciunai Group has continued production and hiring at its plant in Russia’s Kaliningrad region even after announcing that it was exiting Russia. Viciunai Group declined to comment on…
Retailers in Estonia expect declining sales in the first half of 2024 amid lower consumer confidence, ERR reports. Many consumers plan to go shopping in neighbouring countries due to the rise in the VAT rate from 20% to 22% as of 1 January 2024, according to a Norstat poll for Citadele bank, BNS reports. The…
Lithuania will purchase multifunctional artillery radar systems from the Dutch defence contractor, Thales Nederland, for EUR 126.7mn, BNS reports. The first Thales GM200 MM/C radar systems are due to be delivered by 2026. The agreement includes cooperation in multifunctional radar support between Lithuania and the Netherlands, with potential involvement of the Lithuanian defence industry in…