Events, data and analysis from the Baltic economies
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Lithuania’s government has endorsed proposed changes to natural gas supply rules that would give additional protection to agricultural and food-processing businesses during an energy crisis. The proposal would expand the category of vulnerable non-household gas consumers to include…
Lithuanian electricity transmission system operator Litgrid has launched a tender for territorial planning and environmental impact assessment services for the proposed Varduva–Brocēni power line, which would become the fifth electricity interconnection between Lithuania and Latvia. The planned 330…
Lithuania’s Ministry of Finance submitted its first payment request of €1.06 billion to the European Commission under the EU’s Security Action for Europe (SAFE) instrument on 21 October. After deducting the relevant portion of the pre-financing received in…
Lithuania’s National Paying Agency (NMA) has initiated the termination of an €8 million contract with IT companies iTree Lietuva and ISense Technologies for the modernisation of the country’s agricultural support administration system, ŽŪPAIS. The contract was signed in…
Lithuania’s state-controlled energy group Ignitis Group has priced a €300 million European Green Bond issue, attracting more than €1 billion in investor orders — over three times the amount offered. The five-year bonds carry a fixed annual coupon…
Lithuanian agricultural and food group Akola has increased its ownership of OMG Bubble Tea to 51%, gaining control of a fast-growing beverage producer whose sales are overwhelmingly concentrated in export markets. OMG Bubble Tea, founded in 2022, operates…
Lithuanian energy group Ignitis has announced plans to issue at least €300 million in five-year European Green Bonds, alongside an offer to repurchase outstanding bonds maturing in July 2027. The planned issue would be the group’s first under…
Lithuania has allocated an additional €15 million to concessional loans for agricultural and aquaculture businesses, while easing borrowing conditions for farms affected by adverse weather and difficult market conditions. The changes took effect on 19 October and increase…
The Nordic Investment Bank has signed a 12-year financing agreement worth up to €10 million with Vilnius municipal energy group Gijos to support the modernisation of the Lithuanian capital’s street lighting infrastructure. The financing will support a €20…
Lithuania’s State Territorial Planning and Construction Inspectorate has identified unauthorised construction at all five residential buildings being developed by Katos grupė in Ražiai village, Kaunas district. Inspections conducted in September found substantial deviations from approved building designs. The…
In October 2024, wholesale electricity prices were almost identical across the three Baltic states. Two years later, Estonia is trading at a substantial discount to Latvia and Lithuania, which continue to move almost in lockstep. September’s results confirm…
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