Our weekly selection of the TOP news about Lithuania (25-01-31)
We invite you to check out our weekly selection of the TOP news about Lithuania:
Lithuania’s First Unicorn Vinted Reaches €5 Billion Valuation (Lithuania.lt)
Lithuania’s leading second-hand fashion platform, Vinted, has hit a significant milestone, with its valuation soaring to €5 billion. This achievement marks a huge step not only for the company but also for Lithuania, positioning the country as a growing hub for tech innovation and talent.
Glen Dimplex, a leading International manufacturer of electric heating solutions, headquartered in Ireland, has announced plans to invest €10 million and create 200 new jobs in Panevėžys, Lithuania, over the next two years. This expansion follows the company’s recent acquisition of Adax, a Norwegian electric heating appliances supplier with a long-standing presence in Panevėžys.
EIMIN: EUR 42 million to support industrial greening (EIMIN)
The European Investment Bank has welcomed the €42 million investment programme of the European Union's (EU) Modernisation Fund (EUMF), prepared by the Ministry of Economy and Innovation (EIMIN), to focus on the deployment of decarbonisation technologies in industrial companies. It is estimated that these investments will save around 2,607 GWh of energy and reduce around 489,000 tonnes of greenhouse gas (GHG) emissions in our country by 2035.
Lithuania is becoming one of the first countries in the European Union (EU) to launch a pilot artificial intelligence (AI) environment, known as an “AI sandbox”. The space will allow Lithuanian technology companies to safely design, test and develop AI solutions before bringing them to market. This will enable the country’s businesses to accelerate innovation and compete in the global marketplace.
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