Lithuanian agricultural company Kauno Grudai has completed the acquisition of 100% of shares in the local agricultural cooperative, Grybai LT, from organic food producer Auga Group for EUR 16.327mn, GlobeNewswire reports. Kauno Grudai bought the shares from Auga Group’s subsidiaries for EUR 12.949mn and repaid Grybai LT’s loan of EUR 3.379mn. Also, Kauno Grudai granted…
Lithuanian asset management firm Modus Asset Management’s Clean Energy Infrastructure Fund will acquire Estonian renewable energy company Evecon’s solar farm portfolio in Latvia for an undisclosed sum, The Baltic Times reports. The portfolio consists of ten ground-mounted solar farms with bifacial solar panels and a total installed capacity of 55 MW. The portfolio is close…
Several hundred people gathered in Lithuania’s capital, Vilnius, on 19 July 2023 to protest against plans by local property developer Dobilo Daigas to cut down nine trees in a small green space in the city centre, LRT reports. Dobilo Daigas plans to expand a café on the small square, which is part of the historic…
Lithuania is assembling a coalition of countries to help Ukraine’s demining efforts, Defence Minister Arvydas Anusauskas announced, BNS reports. He said that besides Lithuania, the coalition now included Finland, Iceland, Norway, Sweden, and soon Denmark. The minister invited other countries to join with their instructors and equipment. The demining mission will operate in territories liberated…
The Lithuanian government has nominated Rasa Jankauskaite as the country’s new ambassador to South Africa, BNS reports. If approved by President Gitanas Nauseda, Jankauskaite will assume office as of 1 September 2023. She said that one of her goals was to agree on visa-free travel for Lithuanian citizens to South Africa, which has a large…
Lithuania’s President, Gitanas Nauseda, will propose stricter penalties for crimes against the state, BNS reports. The proposed amendments would introduce life sentences for organising or taking part in a coup. Currently, the maximum penalty for such an offense is 20 years in prison. Also, the president’s proposed legislation would introduce longer prison terms for being…
A leak of alleged security details of NATO’s summit in Lithuania’s capital, Vilnius, was linked to a breach of Lithuanian government IT systems, the National Crisis Management Centre (NKVC) announced, BNS reports. NKVC director Vilmantas Vitkauskas said that the seriousness of the incident was “likely to be greater than initially thought.” The government chancellery has…
Joint policy coordination among the three Baltic States was crucial in the current geopolitical situation, Latvian President Edgars Rinkevics stated, LETA reports. Speaking during an official visit to Lithuania, Rinkevics noted that Latvia and Lithuania shared common interests in terms of EU and NATO policy, strengthening security and defence capabilities, ensuring energy security and independence,…
Coordinated action by the Baltic States was essential to synchronise their power grids with the continental European system, Latvian President Edgars Rinkevics stated, LETA reports. Rinkevics discussed the synchronisation project with Climate and Energy Minister Raimonds Cudars. Earlier, Lithuanian President Gitanas Nauseda urged Rinkevics to speed up the synchronisation project, LETA reported. Speaking after a…