Lithuania’s authorities are considering providing another 30 million euros in EU money to Vilnius, Kaunas, Klaipeda, Panevezys and Siauliai to help them purchase electric buses. If the Cabinet gives the go-ahead, the money will be allocated from the already-provided European Regional Development Fund. Some 22.9 million euros were spent on environment-friendly buses in 2018 and…
The financial indexes of last year of SE Klaipeda State Seaport Authority and scopes of the implemented investments manifest even bigger benefit generated for the national economics. The Lithuanian transport sector creates approximately 14% of the Lithuanian GDP, and significant part of this GDP is generated by Klaipeda Port and related activities, the port says…
Lithuania is buying new special-purpose Arocs trucks for its Armed Forces for around 10 million euros, the Defense Ministry has said. A contract on the purchase of the trucks was signed on January 20 by the Lithuanian Defense Materiel Agency and Silberauto, the representative of the German carmaker Daimler in Lithuania. Four carmakers bid for…
Energy Minister Zygimantas Vaiciunas has hailed the first green energy action a “breakthough” for Lithuania as the winner asked no government support. “It is a breakthrough for Lithuania’s renewable energy, since it is the first time that investments are made into wind farms without state support,” the minister said in a press release. “Lithuania has…
Turkish construction workers building a stadium in Lithuania’s second-biggest city Kaunas have started a hunger strike over unpaid wages. The May 1 Trade Union (G1PS) said that 53 workers were on a hunger strike outside the Kaunas municipality building and intended to continue their protest until they were paid all their arrears. The Turkish company…
The delivery of German Boxer infantry fighting vehicles (IFVs) to Lithuania is running behind schedule due to faults identified during the quality control process. The first two Boxers were delivered to Lithuania last June. Another 15 IFVs were due to have arrived by the end of 2019. However, the vehicles have not reached Lithuania yet.…
Lithuanian startup ecosystem has matured over 2019 – the number of companies is nearing 1,000, they have attracted more than EUR 166.5 million in investments, and Vinted is to become Lithuania’s first startup unicorn. “Many positive changes occurred, including the establishment of two new accelerator funds, more favorable taxation was adopted, and the concept of…