Latvian data centre operator DEAC and Lithuania’s Data Logistics Center (DLC) have obtained a ten-year loan of EUR 30mn from SEB Bank, The Baltic Times reports. The companies will use the funds to further expand their telecommunication infrastructure. DEAC will build a third data centre in Riga, while DLC will expand its data centres in…
Lithuania’s national startup ecosystem facilitator, Startup Lithuania, will host Startup Fair 2023 in Vilnius on 7 September 2023, Startup Lithuania reports. More international investors are expected to attend the event. In total, over 60 speakers are expected to give presentations and participate in the discussions. Also, 40-50 startups will compete for participation in the acceleration…
Authorities in Lithuania’s port city of Klaipeda have recommended people not to swim in the Baltic Sea, following a leak of sewage from a water treatment plant in Latvia’s Liepaja, LRT reports. Authorities are now analysing samples to determine the quality of the water. Latvia’s State Environmental Service (VVD) assured that the sewage leak posed…
Lithuania’s Foreign Minister Gabrielius Landsbergis, Transport Minister Marius Skuodis, and Agriculture Minister Kestutis Navickas have sent a joint letter to the European Commission, in which they call for helping Ukraine export more grain via the Baltic States, BNS reports. The ministers argued that Baltic ports, railways, and roads could serve as a viable alternative route…
Lithuania’s State Defence Council (VGT) has instructed the government to agree with Latvia and Estonia on the synchronisation of the Baltic power grids with the continental European system and disconnection from Russia’s BRELL system by February 2025, BNS reports. Kestutis Budrys, chief national security adviser to President Gitanas Nauseda, said that there was “no fundamental…
The Lithuanian Armed Forces (LGP) has received a new batch of cargo trucks and multi-purpose vehicles (MPV), the Defence Ministry announced, Baltic News Network reports. LGP received 53 new Peugeot Rifter MPVs. So far, LGP has received 90 Rifter MPVs, with the remainder expected to be delivered by the end of 2023. Lithuania is procuring…
The European Investment Bank (EIB) and Lithuania have signed a EUR 300mn financing agreement to support investment in long-term competitiveness, job creation, and the green and digital transitions in the 2021-2027 period, Devdiscourse reports. Lithuania will use the money to finance its national contribution to EU-funded priority projects. The loan is the first tranche of…
The Lithuanian developer of solar project design software, PVcase, has secured USD 100mn (EUR 90mn) of new funding from international investors, pv magazine reports. Existing investor, Boston-based Elephant VC, Chicago-based Energize Ventures, and London-based Highland Europe participated in the funding round. This is the second-largest investment ever in Lithuania’s startup sector, Baltic News Network reports….
Lithuania’s State Commission of the Lithuanian Language (VLKK) recently ordered the authorities in Vilnius district municipality to remove bilingual Lithuanian-Polish signs in the villages of Azulauke and Bieliskes, LRT reports. The municipality refused to comply and took the issue to the Administrative Disputes Commission, which found that VLKK’s order was unlawful and unfounded. Audrius Valotka,…