Events, data and analysis from the Baltic economies
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Telia Company plans to cut around 210 positions in Estonia and Lithuania as part of a new restructuring programme affecting approximately 900 jobs across the group. Around 100 positions are expected to be affected in Estonia, where Telia…
Lithuanian infrastructure company KRS has completed a €6 million bond issue and listed the securities on the Nasdaq Vilnius First North market. A total of 6,000 bonds with a nominal value of €1,000 each were admitted to trading…
Lithuania’s Environment Ministry has proposed allocating €11.314 million to support companies purchasing new low-emission commercial vehicles. The proposed scheme would cover electric, hydrogen-powered and biomethane vehicles in the N1–N3 and M2–M3 categories, including vans, trucks and buses. Support…
Lithuanian investment company Tewox has announced the completion of a new grocery retail property at Tunelio Street 4A in Vilnius, developed through its managed company Esulda. According to the developer, the project involved investment of approximately €6 million…
Lithuania’s GDP reached €85.1 billion in 2025, with real economic growth of 3.0%, according to the latest annual national accounts estimate. The previous quarterly-data estimate had put GDP at €84.3 billion and growth at 2.9%. 2025 change Information…
Construction has begun on a new progymnasium in the Pavilnys district of Vilnius. The nearly 11,000 m² complex will include 32 classrooms, laboratories, sports facilities, a four-lane 25-metre swimming pool and a 1,126 m² shelter. The school is…
A satellite developed and tested in Vilnius has successfully reached orbit and established contact following its launch aboard SpaceX’s Transporter-18 mission. The First Customer Link satellite is a demonstration stage of NanoAvionics’ €122.5 million contract with Meridian Space…
INVL Private Equity Fund II and Tesonet have completed the acquisition of Lithuanian private education network Šiaurės licėjus after receiving competition clearance. The acquired business includes two schools, three kindergartens, a swimming pool and an extracurricular education centre,…
Lithuania has completed dynamic testing of the newly electrified Vilnius–Klaipėda railway corridor, including the final Radviliškis–Klaipėda section. The 363 km project, previously valued at about €457 million, includes more than 900 km of overhead contact lines. Once certification…
Lithuania will cut domestic train fares by 50% from 9 October until the end of 2026 as the government responds to sharply higher fuel prices. The same discount is planned for intercity buses from 1 November, subject to…
Lithuania’s battery build-out has reached the point where the number of new projects is no longer the main story. A market for what those batteries can actually do for the power system is beginning to take shape. On…