Rolandas Kriščiūnas (second left) and President Dalia Grybauskaitė (second right). Photo by R.Dačkus, President's Office
Foreign affairs
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Economy

Baltic Innovation Fund to make additional funding available for SMEs

The innovative fund-of-funds investment initiative – the Baltic Innovation Fund (BIF), dedicated to boosting equity investments made into Baltic enterprises, launched by Lithuania, Latvia and Estonia and the European Investment Fund (EIF), has been increased. The EUR 30 million increase of BIF is expected to translate into an additional EUR 100 million of private equity and venture capital funding available in the Baltic States over the next 5-7 years, Startup Lithuania reports. […]

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Culture

Gems of Lithuanian cinema to screen in Wrocław Film Festival

The 15th T-Mobile New Horizons film festival opens in Wrocław on July 23. Among other films it will feature the most distinct Lithuanian films created from 1959 to 2015. The special film programme Focus on Lithuania includes a record number of 30 features tracing the complex history and culture of the country during the Soviet period, the path to independence, and the decades of sovereignty. […]

Šiaulių Bankas
Economy

Lithuania’s Šiaulių Bankas acquires Bank Finasta

On 17 July, Lithuanian bank Šiaulių Bankas acquired 100 percent of the shares of AB Bank Finasta and the financial brokerage firm AB FMI Finasta for the sum of EUR 6.19 million, Šiaulių Bankas reports. […]

LitPol LinkLit
Energy

LitPol Link to receive EUR 27m funding from EU

The European Commission and European Union (EU) member-states have approved financial support in the amount of EUR 27.4 million for the LitPol Link power interconnection between Lithuania and Poland, Litgrid AB, the Lithuanian electricity transmission system operator, reports. […]