All entries related to Lithuania, newest first. tag:eurotrack.ai,2026:en:en/countries/lithuania 2026-10-27T06:00:00Z Eurotrack tag:eurotrack.ai,2026:68d65463:en 2026-10-27T06:00:00Z

Swedbank is laying off around 500 staff across the group; in Estonia and the other Baltic states the figure is about 100 of more than 6,000 employees there, according to Baltic head Olavi Lepp. The bank points to a reorganisation of work and normalised profitability after heavy development investment in earlier years, and offers retraining. Lepp does not rule out further cuts as AI is rolled out (ERR News, 27 Oct 2026). — Source: https://news.err.ee/1610178361/swedbank-lays-off-100-in-baltic-states-warns-ai-could-mean-more-cuts

tag:eurotrack.ai,2026:978f21a3:en 2026-10-23T06:00:00Z

Lithuania's Environmental Protection Agency has approved the environmental impact assessment for the ammunition factory being built in Radviliškis district and found no significant environmental impact. The plant is to produce up to 75,000 155 mm artillery shells a year; buildings and structures cover 3.5 of 340 ha, with shell filling, assembly, component manufacturing and ammunition bunkers among the planned facilities. Rheinmetall holds 51% of the joint venture, state-owned Epso-G Invest 48%; the source gives neither investment amount nor job numbers (LRT English, 23 Oct 2026). — Source: https://www.lrt.lt/en/news-in-english/19/3091313/lithuania-s-environment-agency-greenlights-rheinmetall-ammo-factory

tag:eurotrack.ai,2026:77872fee:en 2026-10-22T06:00:00Z

Danske Bank told staff on 22 October 2026 that 106 jobs will be cut, around half of them in Denmark. Roles in Norway, Finland, Lithuania, Poland and Sweden are also affected, the bank said in a statement (E24, live ticker, 22 Oct 2026). Single-source report; no primary release from the bank was found. — Source: https://e24.no/bors/nyheter/a/305963?pinnedEntry=305963

tag:eurotrack.ai,2026:1e3f19ca:en 2026-10-16T06:00:00Z

The deficit exceeds the Maastricht limit of 3% of GDP. The State Defence Fund is to receive more than €896m; in 2026 defence accounted for a higher 5.38% of GDP. The target of 5 to 6% of GDP annually through 2030 is meant to develop an army division and prepare for hosting a German brigade (LRT English, 16 Oct 2026). — Source: https://www.lrt.lt/en/news-in-english/19/3084074/lithuania-s-2027-budget-5-for-defence-growing-government-deficit

tag:eurotrack.ai,2026:a2f1fe02:en 2026-10-09T06:00:00Z

The state Innovation Agency plans to dismiss 55 employees by the beginning of December 2026, including 41 management and organisation analysts and six accountants; according to the employment service the dismissals run from 9 Oct to 9 Dec 2026. The trigger is the new structure under the 2026-2030 strategy, which affects almost all departments and dissolves or merges some of them (tv3.lt citing 15min, 9 Oct 2026). — Source: https://www.tv3.lt/naujiena/naujienos/darbo-neteks-kelios-desimtys-darbuotoju-skelbia-apie-atleidimus-inovaciju-agenturoje-n1558331

tag:eurotrack.ai,2026:fa0ad9de:en 2026-10-09T06:00:00Z

According to the employment service, the Lithuanian-Swedish sewing company Tindra in Kaunas is ceasing operations and dismissing 35 of its 40 employees, mainly seamstresses and tailors; the dismissals are to be completed by 29 Dec 2026. The company, active for 34 years, had revenue of €909,000 in 2025, 8.6% less than a year earlier (tv3.lt citing BNS, 9 Oct 2026). — Source: https://www.tv3.lt/naujiena/naujienos/be-darbo-liks-beveik-visi-siuvimo-imone-atleidzia-desimtis-darbuotoju-n1558308

tag:eurotrack.ai,2026:8acd6fd3:en 2026-10-09T06:00:00Z

The insolvent sewing company Diksta in Anykščiai is dismissing all 34 employees, according to the employment service, 19 of them in sewing and clothing production and the rest in administration, technical and service roles. The company, active for 31 years, had sales of about €1.2m in 2025 (+9.1%) and a loss of €13,000 (LRT citing BNS, 9 Oct 2026). — Source: https://www.lrt.lt/naujienos/verslas/4/3077260/bankrutuojanti-anyksciu-siuvimo-bendrove-diksta-atleidzia-visus-34-darbuotojus

tag:eurotrack.ai,2026:a078a7c2:en 2026-10-08T06:00:00Z

From 102 applications in the second call, the Commission selected 46 further projects: eight on extraction, 11 on processing and 19 on recycling, plus eight integrated projects. They include seven lithium, 12 nickel, 10 cobalt and four rare earth projects. Of the first 2025 list, 25 projects have so far completed their environmental assessment and 17 hold a construction permit; the Commission announces a new call for the end of 2026 (European Commission, 8 Oct 2026). — Sources: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2113 · https://ec.europa.eu/commission/presscorner/detail/en/fs_26_2115

tag:eurotrack.ai,2026:871d15fd:en 2026-10-05T06:00:00Z

Latvian airline airBaltic notified Latvia's state employment agency of a collective redundancy on 05.10.2026; 500 to 700 of its roughly 3,000 staff at the Riga, Vilnius and Tallinn bases could be affected. The cuts follow a new business plan after the creditor protection proceedings opened in mid-September: the fleet is to shrink from 54 to about 36 aircraft by the end of 2026, talks with unions on shorter working hours for pilots and cabin crew are under way, and no individual decisions have been taken yet (aeroTELEGRAPH, 05.10.2026; second source: LSM, 05.10.2026). Update (25 Oct 2026): On 14 Sep 2026 airBaltic filed for Chapter 11 protection with the US Bankruptcy Court for the Southern District of New York, together with certain subsidiaries; flights continue as scheduled and tickets and bookings remain valid. The process is meant to provide a framework for negotiations with creditors such as aircraft lessors (AviTrader, 14 Sep 2026). Update (30 Oct 2026): airBaltic confirmed to LSM that it plans to cut about 300 flying-crew jobs, around 100 pilots (bases Riga, Vilnius, Tallinn) and 200 cabin crew (all in Riga); the figures may still change after staff assessments, reflecting changes to the 2027 timetable and route network, and the Latvian aviation union criticises the selection criteria (aeroTELEGRAPH, 30 Oct 2026). The 300 jobs are part of the range above, not additional. Update (30 October 2026): airBaltic will base only two instead of three A220-300s in Vilnius this winter, where 81 people work; how many jobs will go in Lithuania is open, and the company says it will be fewer than initially planned (LRT, 30 October 2026). — Sources: https://www.aerotelegraph.com/ticker/air-baltic-plant-abbau-von-bis-zu-700-stellen/xep72x4 · https://www.lsm.lv/raksts/zinas/ekonomika/05.10.2026-airbaltic-darbibas-sasaurinasana-varetu-skart-500-700-darbinieku-gatavojas-kolektivajai-atlaisanai.a666243/ · https://avitrader.com/2026/09/14/airbaltic-files-for-chapter-11/ · https://www.aerotelegraph.com/ticker/air-baltic-will-rund-100-pilotinnen-und-piloten-und-200-flugbegleitende-entlassen/87qp93l · https://www.lrt.lt/en/news-in-english/19/3098074/airbaltic-to-reduce-vilnius-based-fleet-to-two-aircraft-as-job-cuts-loom

tag:eurotrack.ai,2026:c97cb7cf:en 2026-10-02T06:00:00Z

Lithuanian laser maker Litilit is building an automated femtosecond laser factory in Vilnius on about 4,000 m², with robotic assembly, CNC metalworking and testing lines. Manufacturing is due to start in 2027, initially with about 1,000 lasers a year and a target of up to 3,000 systems; the investment is about €6m and the source gives no staff numbers (Optica Optics & Photonics News, 2 Oct 2026). — Source: https://www.optica-opn.org/home/industry/2026/october/litilit_scales_up_femtosecond-laser_production_in_lithuania/

tag:eurotrack.ai,2026:3df633a8:en 2026-10-01T06:00:00Z

Snaigė, the only refrigerator manufacturer in the Baltics, is abandoning its ongoing restructuring: chief executive Darius Varnas asked the Kaunas Regional Court on 30 Sep 2026 to end the restructuring case and open bankruptcy proceedings. The company points to difficult sales markets, no clear prospects of continuing operations and persistent losses. The Alytus plant is ceasing operations and 190 employees are being laid off (15min / BNS, 1 Oct 2026; second source: LRT English, 1 Oct 2026). — Sources: https://www.15min.lt/verslas/naujiena/bendroves/alytaus-snaigei-inicijuojamas-bankrotas-gamykla-stabdo-veikla-663-2775200 · https://www.lrt.lt/en/news-in-english/19/3069047/lithuanian-refrigerator-maker-snaige-files-for-bankruptcy

tag:eurotrack.ai,2026:904ca557:en 2026-09-17T06:00:00Z

Lithuanian drone and defence maker RSI Europe has signed a large-scale investment project agreement with the Ministry of Economy and Innovation: up to €50m will go into a new plant for defence systems, including attack and FPV drones, on a site of about 125 ha in Panevėžys district. About 40 new jobs are planned (LRT reports around 50), with construction due to start in early 2027; most output is intended for export (Invest Lithuania, 17.09.2026). — Source: https://investlithuania.com/news/rsi-europe-to-invest-up-to-e50m-in-strengthening-lithuanias-defence-industry/

tag:eurotrack.ai,2026:1109c2a3:en 2026-09-10T06:00:00Z

Intrum Global Business Services, a provider of IT infrastructure and data processing, has notified the Lithuanian employment service of the dismissal of 76 of its 133 employees, including 74 data administration specialists and team leaders. The reason is a decline in service volumes; affected staff are first offered termination by mutual agreement, otherwise dismissal follows. Revenue fell 35% to €8.1m in 2025 (tv3.lt citing ELTA, 10 Sep 2026). — Source: https://www.tv3.lt/naujiena/naujienos/intrum-global-business-services-atleis-76-darbuotojus-n1550462

tag:eurotrack.ai,2026:c32c72b7:en 2026-09-08T06:00:00Z

Lithuania's Ministry of Economy and Innovation has granted large-scale investment project status to a €31.5m plan by Staticus Group: an automated aluminium-and-glass façade plant with a testing laboratory and a new timber-aluminium hybrid element will be built in the Naujininkai district of Vilnius. At least 24 highly skilled jobs are planned, with completion by 2031; at least 90% of output is to be exported (Invest Lithuania, 08.09.2026). — Source: https://investlithuania.com/news/staticus-groups-e31-5m-investment-in-lithuania-granted-large-scale-project-status/

tag:eurotrack.ai,2026:23c27539:en 2026-09-04T06:00:00Z

Northway Biotech has opened the Baltics' first centre for cell therapy and personalised medicine at the BIO CITY III biotech park in Vilnius, with 3,500 m² and up to 20 GMP manufacturing lines; €61m was invested, funded from own resources and a loan from the development bank ILTE. About 100 specialists are to work there (Invest Lithuania, 4 September 2026). — Source: https://investlithuania.com/news/first-in-the-baltics-northway-biotech-opens-e61-million-cell-therapy-and-personalized-medicine-cdmo-in-vilnius/

tag:eurotrack.ai,2026:bd4c91c9:en 2026-08-24T06:00:00Z

Beijer Ref signed a binding agreement on 24 August 2026 for 90% of Vilnius-based Refra, a maker of HVAC/R systems using natural refrigerants with about SEK 500m in annual turnover; an option on the remaining shares exists and the price was not disclosed. Update (9 Oct 2026): after Lithuania's competition authority cleared the deal without conditions, the purchase has closed; Refra is consolidated from 9 October 2026 and keeps its brand (Beijer Ref, 24 Aug 2026 and 9 Oct 2026). — Sources: https://news.cision.com/beijer-ref-ab/r/beijer-ref-expands-and-strengthens-its-natural-refrigerant-offering-through-lithuanian-acquisition,c4386675 · https://news.cision.com/se/beijer-ref-ab/r/beijer-ref-slutfor-forvarvet-av-refra,c4406905

tag:eurotrack.ai,2026:0f82e7a4:en 2026-08-14T06:00:00Z

Ukrainian defence company DEMZ and the Lithuanian government have signed an investment agreement: DEMZ plans to build an ammunition assembly plant near Balbieriškis in Prienai district and manufacture shell components in the Alytus Industrial Park, creating up to 450 jobs. Construction is due to begin in autumn 2026 and production to start by the end of 2027; the investment amount was not disclosed, the mayor of Alytus spoke of tens of millions of euros. The Ministry of Defence signed a memorandum of understanding in parallel (LRT English, 14 Aug 2026). — Source: https://www.lrt.lt/en/news-in-english/19/3021276/ukraine-s-demz-signs-deal-with-lithuania-on-ammunition-production

tag:eurotrack.ai,2026:5d5ae2a6:en 2026-08-14T06:00:00Z

Particleboard maker Homanit Lietuva (a subsidiary of Germany's Homann Holzwerkstoffe) announced on 14 Aug 2026 that it would suspend production at its Pagiriai plant for 12-21 months, citing weak furniture-industry demand and sharply higher energy/material costs; originally around 200 layoffs were planned. On 3/10 Sept 2026 the company finalised the layoffs at 228 of 242 employees (termination period 4 Oct-31 Dec 2026), with about 20 staff remaining during the transition (source: kauno.diena.lt, 14 Aug 2026; respublika.lt, 10 Sept 2026). — Source: https://kauno.diena.lt/naujienos/verslas/imoniu-pulsas/homanit-lietuva-pranese-stabdanti-gamyba-atleis-200-darbuotoju-1770166

tag:eurotrack.ai,2026:35d4d817:en 2026-07-30T06:00:00Z

Swedish structural-foam maker Diab (core materials for wind-turbine blades, boat hulls and aircraft parts) is shutting its plant in Šiauliai, Lithuania, and letting go 75 of its 76 employees; the company has operated there for more than two decades and moved into new premises in 2019, built with an EUR 8m investment. Terminations are to take effect between 31 December 2026 and the end of March 2027, and the Lithuanian Employment Service was notified on 13 July 2026. The company cites the elimination of work functions in a reorganisation; 2025 revenue fell 10.7% to EUR 10.8m with a net loss of EUR 1.7m (2024: EUR 1.6m profit). — Source: https://www.lrt.lt/naujienos/verslas/4/3006221/2-desimtmecius-siauliuose-veikianti-diab-ruosiasi-nutraukti-veikla-atleisti-darbuotojus

tag:eurotrack.ai,2026:fcc2da6a:en 2026-07-30T06:00:00Z

The machine tool and metalworking technology maker Kauno staklės, active for 30 years, intends to dismiss all 126 employees because of insolvency, including 15 fitters, 13 welders and six programming engineers; the notice reached the employment service on 22 Jul 2026. Sales fell 8.5% to €5.18m in 2025 and the net loss was €330,970 (LRT, 30 Jul 2026). — Source: https://www.lrt.lt/naujienos/verslas/4/3006181/bankrutuojanti-bendrove-kauno-stakles-atleis-visus-126-darbuotojus

tag:eurotrack.ai,2026:f2b826a4:en 2026-07-27T06:00:00Z

Finnish construction group YIT announced on 27 July 2026 that it had signed a contract to build an assembly and maintenance plant for Leopard 2A8 main battle tanks in the Kaunas Free Economic Zone. The client is state-owned UAB Lithuania Defence Services; the contract, worth around €30m, will be booked in YIT's third-quarter order intake. A main production hall and ancillary buildings will be built on almost ten hectares, where a large share of Lithuania's future tank fleet is to be assembled and maintained over the long term. Construction starts in August 2026 and is scheduled for completion in November 2027; the project uses a design-and-build model with building information modelling, and the plant is to meet Lithuania's highest A++ energy efficiency class. The source cites YIT itself as well as Army Recognition and Finnish broadcaster Yle. — Source: https://www.portfolio.hu/global/20260728/apro-nato-tagallamban-fogjak-gyartani-europa-legjobb-pancelosat-tizmillios-beruhazas-kezdodik-852486

tag:eurotrack.ai,2026:3e218c88:en 2026-07-27T06:00:00Z

DHL Group is buying the parcel group Venipak from its founder Nerijus Raudonis; it operates in Lithuania, Latvia and Estonia (and, according to the source, Poland) and is to be integrated into DHL eCommerce. Venipak has about 1,000 employees and 350 independent couriers, about 800 parcel lockers and collection points and 25 logistics terminals; no changes to management or staff are planned. The price is not disclosed and closing is subject to regulatory approvals (LSM English, 28 Jul 2026). — Source: https://eng.lsm.lv/article/economy/business/28.07.2026-german-dhl-to-buy-venipak-in-baltics.a656552/

tag:eurotrack.ai,2026:a35419f1:en 2026-07-20T06:00:00Z

On 20 July 2026 Hungary's OTP Bank signed an agreement to acquire 100% of Luminor Holding from a consortium of Blackstone-managed private equity funds (majority) and DNB Bank. Luminor is the third-largest financial services provider in the Baltics (Latvia's fourth-largest bank by total assets); for 2025 it reported net profit of €158m, a return on equity of 8.6% and a CET1 ratio of 20.2%. The purchase price was not disclosed. Completion is subject to regulatory approvals (Estonian financial supervisor, ECB, Latvian central bank). Second source: BNN. — Source: https://www.baltictimes.com/otp_bank_to_acquire_luminor__opening_a_new_chapter_in_baltic_financial_markets/

tag:eurotrack.ai,2026:747190f3:en 2026-06-30T06:00:00Z

The change follows the resignation of Prime Minister Inga Ruginienė after a reshaping of the governing coalition. Sinkevičius named national and social security, the demographic situation and economic development as priorities; it is the country's 21st government (LRT English, 30 Jun 2026). — Source: https://www.lrt.lt/en/news-in-english/19/2976107/seimas-votes-to-appoint-sinkevicius-as-new-pm

tag:eurotrack.ai,2026:492d1270:en 2026-04-01T06:00:00Z

Because of the fuel crisis that followed swings on the oil market, the Lithuanian transport ministry and operator LTG Link are halving prices for local train journeys from 1 April 2026 until 31 May; Prime Minister Inga Ruginienė sees it as concrete support for the public. The discount applies to single and season tickets in all classes, is applied automatically and can be combined with statutory concessions, though not with commercial discounts such as the group fare; a student pays EUR 6.70 instead of EUR 26.80 for Vilnius–Klaipėda. LTG Link carried about 5.9 million passengers in the previous year and is getting 15 new trains (9 electric, 6 battery), 6 of which are already in Lithuania for testing; the report gives no cost for the scheme. (LOK Report, 1 Apr 2026) — Source: https://www.lok-report.de/news/europa/litauen/litauen-angesichts-steigender-kraftstoffpreise-gilt-fuer-alle-zugfahrten-ein-rabatt-von-50-prozent.html

tag:eurotrack.ai,2026:7f8bdb89:en 2026-02-19T06:00:00Z

Planned or announced energy project to strengthen electricity exchange and security of supply between Germany, Latvia and Lithuania. In the context of the completed synchronisation of the Baltic power grids with the Continental European ENTSO-E network (completed February 2025, decoupling from the Russian-Belarusian BRELL grid), new investments in transmission and interconnector lines are now under debate. Details on scope, investment volume and timeline according to the Golem article. — Source: https://www.golem.de/news/energie-stromprojekt-zwischen-deutschland-lettland-und-litauen-2602-205625.html