Lithuanian real estate developer Hanner and Baltic investment company BaltCap have completed a deal under which Hanner will take over the national stadium project in Vilnius, BNS reports. Hanner acquired 98% of shares in Venetus Capital, which owns the project’s concessionaire, Vilniaus Daugiafunkcis Kompleksas (VDK), for one euro. Hanner will pay EUR 2.8mn to BaltCap…
The Estonian government has rejected an offer to buy shares in Latvia’s national air carrier, airBaltic, LSM reports. Estonia’s Infrastructure Minister, Kuldar Leis, explained that the decision was due to the fact that airBaltic’s change of management had not been completed and its financial situation remained problematic. He said that Estonia would not raise airport…
The coordination committee of the European Commission’s Connecting Europe Facility has approved another EUR 295.5mn of funding for the Baltic railway project, Rail Baltica, LSM reports. Of the total, EUR 47.1mn will go to Estonia, EUR 153.5mn to Latvia, and EUR 94.9mn to Lithuania. The project coordinator, RB Rail, said that the funds would be…
US financial services company Robinhood has opened its first European cryptocurrency trading hub in Lithuania, investment promotion agency Invest Lithuania announced, BNS reports. The new Lithuanian-registered entity, Robinhood Europe, will offer crypto asset custody, administration, transfer, receipt, and transmission services in the European Economic Area. The Bank of Lithuania issued Robinhood an investment firm license…
Lithuanian prosecutors accuse three foreign nationals of desecrating a monument to anti-Soviet resistance leader Adolfas Ramanauskas in January 2024 under orders from Russian military intelligence (GRU), BNS reports. The three suspects, now under custody, are two dual Estonian-Russian citizens and a Russian citizen residing in Tallinn. The group smeared the monument in the southern Lithuanian…
Lithuania’s State Tax Inspectorate (VMI) found no tax violations at a startup company co-owned by Prime Minister Gintautas Paluckas, BNS reports. VMI initiated checks at battery system developer Garnis, of which Paluckas owns 49%, in June 2025, following a request from the chairman of the opposition Homeland Union, MP Laurynas Kasciunas. Earlier, the state-owned national…
Stricter rules on gambling advertising came into force in Lithuania on 1 July 2025, BNS reports. Gambling operators can now only advertise their brands at their gambling venues, while other external advertising is prohibited. Only betting commercials are allowed on TV, radio, and the internet. Gambling operators can still sponsor sports, cultural, and art events….
The Lithuanian government has approved the Energy Ministry’s proposal to assess the potential for developing nuclear energy capacity in the country, BNS reports. The ministry will set up a special working group to assess the possible establishment of small modular nuclear reactors with a capacity of 1.5 GW. Lithuania’s electricity demand is estimated to reach…
Israel’s Foreign Minister, Gideon Sa’ar, met with his Latvian and Lithuanian counterparts on a working visit to Riga and Vilnius, LSM reports. The foreign ministers discussed bilateral cooperation, Russia’s invasion of Ukraine, and the situation in the Middle East. Latvian Foreign Minister Baiba Braze expressed hope for more permanent solutions in Israel’s relations with Lebanon…