Browsing Tag
Lithuania
31 posts
Telia wants SEK 1bn of savings. Can fewer central roles make the telecom group faster?
Telia Company AB plans to eliminate around 900 positions across its Nordic and Baltic operations by year-end while transferring another 220 roles closer to national businesses. The SEK 1 billion annual cost programme is designed to simplify decision-making and improve cash flow, but the restructuring comes while revenue, EBITDA and customer metrics have already been improving.
Lithuania votes to remove nuclear-weapons ban as it offers to fund permanent US military base
Lithuania has taken the first step toward repealing its constitutional ban on weapons of mass destruction as Vilnius separately offers to finance a permanent US military base.
Ryanair proposes $1.6bn Baltic expansion as airBaltic retreat opens a capacity gap
Ryanair plans to double passenger traffic across Latvia, Lithuania and Estonia to 11 million annual seats by 2031, but the airline is simultaneously cutting capacity where airport charges rise, underlining the cost discipline behind its European expansion.
Poland fortifies Ukraine border as Russian drone strikes raise NATO security fears
Poland is fortifying its Ukraine border after Russian drone strikes near NATO territory. Find out why security fears are rising across Europe.
Vilnius Airport drone alert turns out to be birds after NATO scrambles fighter jet over Lithuania
Lithuania reopened Vilnius Airport after a 38-minute security alert when a NATO fighter identified a suspected drone radar contact as a flock of birds, illustrating heightened Baltic tensions.
CIA chief makes secretive Moscow trip as US intelligence raises alarm over possible Russian test of NATO
CIA Director John Ratcliffe’s rare Moscow visit reportedly carried a warning against any Russian attack on NATO amid new US intelligence concerns.
Equinor strikes three-year ORLEN deal for up to 9m tonnes of crude a year
Equinor will supply ORLEN with roughly 5 million to more than 9 million tonnes of crude annually for three years, potentially covering a quarter of the Polish group’s oil requirements.
Akola Group revenue tops €1.5bn as poultry growth offsets pressure across agriculture
Akola Group profit fell 29% despite €1.5B revenue as agriculture weakened and food earnings surged 48%. See where growth is shifting.
Poland and Baltics fortify energy sites over feared Russian false-flag drone attack
Poland, Lithuania, Latvia and Estonia are tightening security around LNG terminals, dams, gas storage and electricity infrastructure amid intelligence warnings that Russia could stage an attack using Ukrainian-made drones to create confusion inside NATO.
Oxylabs bets $3.6bn valuation on agentic AI web data infrastructure thesis
Warburg Pincus injects $130 million into Oxylabs at a $3.6 billion valuation, but can agentic AI data infrastructure defend that private-market benchmark?