In a significant boost to its defense sector, Lithuania has marked a major milestone by signing a crucial agreement with German military industry giant, Rheinmetall AG. This agreement, which solidifies the construction of an ammunition plant in Lithuania, involves an investment surpassing €180 million and is projected to create at least 150 new jobs, signifying […]
In an electrifying revelation, Belarusian strongman President Alexander Lukashenko unleashed a nuclear bombshell by warning NATO allies of an “unacceptable” response to perceived aggression. Lithuania, Poland, and Latvia, standing united in their apprehensions over Belarus harboring Wagner troops, now face the heat of Lukashenko’s volatile threats. In a riveting session with the state mouthpiece BelTA, […]
Lithuania, in a move reflecting escalating geopolitical tensions, temporarily sealed off two of its six border checkpoints with Belarus on Wednesday. This step comes as concerns mount over the Wagner mercenary group’s presence, a Russian faction, in Eastern Europe. Lithuania’s decision mirrors Poland’s earlier action to close its borders with Belarus, triggered by the detainment […]
In a pulse-pounding twist, Latvia’s defence chief, on a pivotal Tuesday, commanded the army to fortify its border against Belarus. This move comes hot on the heels of a staggering 96 illegal immigrant attempts to invade Latvia within a mere 24 hours! But the intrigue doesn’t end there. With a simmering standoff between Belarus and […]
The NATO summit, recently concluded in Lithuania, has stirred up an unfavorable response from Russia with its Foreign Ministry expressing discontent with the Western alliance, likening its approach to “Cold War schemes.” The ministry also underscored that Russia is ready to counter any perceived threats with all possible means, a statement that came shortly after […]
Ukrainian President Volodymyr Zelensky has called upon his Western allies to provide a definitive sign concerning Ukraine’s hopes for NATO membership. Zelensky used a video message on Telegram to communicate this, emphasizing the urgent need for confirmation despite the ongoing conflict in Ukraine. He argued that the majority of the alliance is already on Ukraine’s […]
On July 10, 2023, significant strides were made at the NATO Summit in Vilnius, involving high-profile leaders – President Recep Tayyip Erdoǧan of Türkiye, Sweden’s Prime Minister Ulf Kristersson, and NATO Secretary General Jens Stoltenberg. The key highlight was the agreement to continue collaboration between Sweden and Türkiye under the Trilateral Permanent Joint Mechanism established […]
German wind turbine manufacturer Nordex Group has bagged an o contract for the 62.7MW Jurbarkas II wind farm in Lithuania from Green Genius, a part of the Lithuanian Modus Group. Under the contract, Nordex Group will provide 11 N163/5.X turbines for the Lithuanian wind project. The order also has a service contract under which the […]
Lithuanian commercial bank Šiaulių Bankas and investment management and life insurance group Invalda INVL will merge their retail businesses following the approval of the latter’s management board. The transaction with an equity value of €40.2 million is expected to establish a next-generation financial market player which is modern and customer-focused, while generating value for the […]
Eesti Energia Group said that its supervisory board has sanctioned the company’s final investment decision (FID) for the 43MW Silale II wind park in Lithuania to be developed with an investment of €60 million. The wind farm in Lithuania will be developed by the Estonia-based mining company’s fully-owned subsidiary Enefit Green. As a result of […]