Lithuania: Defence Ministry to buy drones for EUR 36mn

Lithuania’s Ministry of Defence will procure various types of unmanned aerial vehicles (UAVs) for EUR 36mn, BNS reports. The Defence Materiel Agency (GRA) has signed contracts to buy reconnaissance drones from Estonia’s Threod Systems and Latvia’s Edge Autonomy as well as quadcopter drones from Lithuania’s Deftools. Most of the drones will be delivered in autumn 2024…

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Lithuania: Poland proposes joint purchase of air defence systems

Lithuania will acquire Polish-made Piorun air defence systems, Defence Minister Laurynas Kasciunas announced, BNS reports. Polish Defence Minister Wladyslaw Kosiniak-Kamysz proposed that Lithuania procure the new systems jointly with Poland. Kasciunas said that Lithuania was “very pleased” with the offer. Lithuania already has an older version of the Polish-made Grom air defence system but will…

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Lithuania: Government backs withdrawal from Convention on Cluster Munitions

The Lithuanian government has approved a draft resolution to withdraw from the Convention on Cluster Munitions, allowing to acquire, stockpile, and use these weapons, BNS reports. The proposal from the Defence Ministry follows the US decision to supply cluster munitions to Ukraine and is based on the argument that these munitions are highly effective for…

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Lithuania: Banks meet with PM Simonyte to decry windfall tax

Representatives from Lithuania’s five largest commercial banks — Citadele, Luminor, OP Corporate Bank, SEB Bank, and Swedbank — met with Prime Minister Ingrida Simonyte to express dissatisfaction with the extension of the windfall tax on bank profits, BNS reports. They voiced concerns over the unpredictability of the investment environment and the lack of cooperation between…

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