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- European Investment Bank
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More press releases
10 June 2022
Lithuania: EU programme InvestEU to boost crucial investments
The InvestEU programme, launched by the European Commission with the EIB Group as the main implementing partner, seeks to boost crucial investments across Europe in support of the European Union’s policy priorities, such as the European Green Deal and the digital transition. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal.
23 May 2022
Lithuania: EIB provides €50 million in funding to Teltonika IoT Group
The European Investment Bank (EIB) has lent €50 million to Teltonika IoT Group to accelerate its research, development and innovation activities in wireless networks and communication technologies. Furthermore, the investment supports the expansion and upgrade of the company's manufacturing facilities, which, unlike those of its main direct competitors, are based in Europe (Lithuania).
20 May 2022
Lithuania: EIB advisory services support green inland cargo shipping
The European Investment Bank (EIB) and the Lithuanian Inland Waterways Authority have signed an advisory services agreement to support the construction of zero-emission electric transport shipping vessels to initiate cargo transportation between the two major cities of Klaipėda and Kaunas. At the end of 2021, an ambitious project to introduce an electric towboat was launched in Lithuania. With no CO2 emissions, this project will play a crucial role in revitalising freight transportation on Lithuania’s largest river, the Nemunas (aka Neman), and developing greener transport chains in the country.