Lithuania: Bulgarian fintech unicorn Payhawk opens office in Vilnius

The Bulgarian provider of business payment solutions, Payhawk, has opened an office in Lithuania’s capital, Vilnius, Invest Lithuania reports. The company has received an electronic money institution (EMI) licence from the Bank of Lithuania. Payhawk plans to hire a team of finance professionals to help accelerate product development at the new Vilnius office, which is…

Read More

Lithuania: Klaipeda port ready to ship Ukrainian grain: CEO

Lithuania’s Klaipeda State Seaport could ship around 10 million tonnes of Ukrainian grain per year, CEO Algis Latakas announced, BNS reports. However, the logistics of transporting the grain to the port remained complicated, he noted. If the issue of logistics was solved, the port could begin handling Ukrainian grain today, Latakas stated. Earlier, Transport Minister…

Read More

Baltic: Baltic power grids to decouple from Russia by 2025: Estonian PM

The Baltic States will decouple from the BRELL power grid linked to Russia and Belarus in the beginning of 2025, Estonian Prime Minister Kaja Kallas announced, ERR reports. Earlier, Lithuania urged the Baltic States to synchronise their power grids with the continental European system ahead of schedule in 2024. Kallas noted that such a rapid…

Read More

Latvia: Pres. Rinkevics to pay official visit to Lithuania

Latvia’s new president, Edgars Rinkevics, will pay an official visit to Lithuania on 19 July 2023, BNS reports. Rinkevics will meet with his Lithuanian counterpart, Gitanas Nauseda, and speaker of the Lithuanian parliament, the Seimas, Viktorija Cmilyte-Nielsen. The officials will discuss the decisions taken at the NATO summit in Vilnius, regional and energy security, and…

Read More