Lithuania: Nord Security attracts USD 100mn investment, doubles value

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…

Read More

Lithuania: Footballers not to play against Russians after UEFA lifts ban

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.”…

Read More

Lithuania: Homeland Union branches nominate candidates for president

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….

Read More

Lithuania: Opposition party exits national defence agreement

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…

Read More

Baltic: Polish, Baltic presidents discuss Ukrainian grain dispute

The presidents of the Baltic States and Poland met on the sidelines of the UN General Assembly in New York to discuss the transport of Ukrainian grain through EU ports, ERR reports. Estonian President Alar Karis noted that shipping Ukrainian grain via Baltic ports required cooperation with Poland. Viktorija Cmilyte-Nielsen, speaker of the Lithuanian parliament,…

Read More

Lithuania: Competition Council blocks TV3 Group’s acquisition of radio stations

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…

Read More

Lithuania: Minister, Vatican envoy discuss Pope’s remarks on Russia

Lithuania’s Deputy Foreign Minister, Jovita Neliupsiene, has met with the Vatican’s envoy to Lithuania, Petar Rajic, to discuss recent remarks by Pope Francis about Russia, BNS reports. Neither side provided details about the meeting, however. Earlier, the pontiff addressed young Catholics in Saint Petersburg, saying that they were “children of great Russia” and “of a…

Read More