Lithuanian cyber security company Nord Security has attracted a new USD 100mn (EUR 95mn) investment from US private equity firm Warburg Pincus, LRT reports. Existing investors, Novator Partners and Burda Principal Investments, also contributed in the latest round. Nord Security will expand its NordVPN and Surfshark cyber security products in various markets. Also, the company…
Lithuanian footballers will not play against Russian teams, the Lithuanian Football Federation (LFF) stated, BNS reports. Earlier, the UEFA Executive Committee decided to readmit Russian youth teams to international competitions, while adult teams would remain disqualified until the end of the war in Ukraine. LFF president Edgaras Stankevicius said that the UEFA decision was “unexpected.”…
Regional branches of Lithuania’s ruling Homeland Union (TS-LKD) have proposed their preferred candidates for president in the upcoming elections in May 2024, BNS reports. Prime Minister Ingrida Simonyte was the favourite with 66 nominations, followed by Foreign Minister and TS-LKD chairman Gabrielius Landsbergis with 64 and Labour and Social Security Minister Monika Navickiene with 62….
Lithuania’s presidential campaign is gathering pace, Linas Jegelevicius reports for Baltic News Network. Incumbent president Gitanas Nauseda has the lead in several polls, and he is expected to run for a second term. The ruling Homeland Union has started the process to choose the party’s presidential candidate. Potential names include Prime Minister Ingrida Simonyte, Defence…
The Lithuanian parliament, the Seimas, has passed a resolution calling on NATO to invite Ukraine as a new member at the defence alliance’s next summit in Washington in July 2024, BNS reports. The unanimous resolution noted that Ukraine was a provider of security that would strengthen NATO. The MPs pointed out that having Ukraine as…
Lithuania’s opposition Union of Democrats for Lithuania (DSVL) will withdraw from a national defence agreement signed by all parliamentary parties in July 2022, BNS reports. Under the deal, the parties pledged to keep defence spending above 2.5% of GDP and increase the number of military conscripts. DSVL announced its exit from the pact after the…
The Lithuanian renewable energy company, Green Genius, will invest EUR 179mn in solar farms in Latvia and Lithuania, BNS reports. The company plans to invest EUR 109mn in a 153-hectare solar farm near the Latvian city of Jekabpils and EUR 70mn in a 140-hectare solar power plant in the Lithuanian town of Seduva. Green Genius…
The Lithuanian parliament, the Seimas, has passed a law that bans fur farming as of 2027, BNS reports. Altogether 68 MPs voted for and 25 against the ban, while 15 abstained. The government will provide compensation to fur farmers. The compensation will amount to EUR 3 per animal in 2024, EUR 2 in 2025, and…
Lithuania’s Competition Council has blocked All Media Lithuania’s acquisition of several local radio stations, BNS reports. All Media Lithuania, part of Baltic media group TV3 Group, planned to acquire 100% of shares in three companies that operate radio stations Laluna, Lietus, M-1, M-1 Plius, and Raduga, as well as advertising agency Reklamos Ekspertai. The Competition…