investments

Poland’s energy company Orlen is looking for opportunities to expand its investments in Lithuania’s renewable energy projects, such as the construction of an offshore wind farm in the Baltic Sea and green hydrogen infrastructure in the country, says CEO Ireneusz Fafara.

Lithuania is already involved in up to 30 European Space Agency (ESA) projects, which have already attracted more than EUR 5 million in investments for the country’s companies, the Ministry of the Economy and Innovation said Thursday.

Two years ago, the Kaunas Free Economic Zone (FEZ) announced that it attracted its first billion of investments. Currently, the amount of investments is approaching the second billion, amounting to EUR 1.56 billion. This investment will create almost 10,000 high-skilled jobs in the near future, repo...

Intrum, a market leader in credit management services, has decided to expand its global business services (IGBS) team in Lithuania, hiring 70 additional professionals in 2020.

Metso continues to develop the global supply operations of its Minerals Consumables business by establishing a rubber and poly-met wear parts manufacturing facility in Lithuania. The new manufacturing location will start operations at the end of second quarter of 2020.

REHAU, a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is establishing a cutting edge production facility in Klaipeda, Lithuania. The facility, which will be located in Klaipeda Free Economic Zone (FEZ), will manufacture microduct systems for optical-fibre cables and i...

Despite the challenges of the Baltic market, real estate investments in the Baltic region are expected to reach at least 1 billion euro in 2019 which is a good and stable indicator for the region, but it is certainly not a peak.

Lithuanian Prime Minister Saulius Skvernelis says his government controls the potential risks involved in planned investments by Belarus' potash fertilizer manufacturer Belaruskali and local businessman Igor Udovickij in the seaport of Klaipeda.

Oxipit, the authors of ChestEye AI-powered radiology software suite is announcing today the close of a seed funding round for $1.7 million co-led by Practica Capital, Koinvesticinis Fondas (Co-Investment Fund) and angel investors. The round marks the largest investment for medical AI solutions in th...

M.M.M. Projektai, a real estate company owned by Lithuanian businessman Nerijus Numavicius, plans to invest 200 million euros in Riga over the next few years, according to the vz.lt news website.

President Dalia Grybauskaite has signed into law amendments to the country's new Labour Code.