Lithuania fines Revolut 3.5 million euros for money-laundering prevention failures

VILNIUS (Reuters) - Lithuania's central bank has fined Britain's most valuable start-up Revolut 3.5 million euros ($3.83 million) for failures in money-laundering prevention, the bank said on Monday. The British fintech company, which is …

Nordic Solar secures funds for second 80MW Lithuania PV project

The project will deploy bifacial modules mounted on Nordic’ Solar’s own steel racking structure, the company said. This is Nordic Solar’s second utility-scale solar project in Lithuania, following a 100MWp project which it brought online in May last year …

Lithuania’s fintech hub matures despite global headwinds

While traditional European financial centres grapple with economic headwinds and regulatory complexities, Lithuania continues to punch above its weight, reinforcing its position as the EU’s largest fintech hub by license count. Lithuania, hitherto …

Germany Deploys Troops to Lithuania in First Permanent Foreign Deployment Since World War II 

Germany has activated its first permanent foreign troop deployment since World War II, establishing a 5,000-strong armored brigade in Lithuania. This decision follows Defense Minister Boris Pistorius’ announcement in 2023 to bolster troop presence on NATO’ …

4 Fort Stewart soldiers killed in Lithuania return to American soil

FORT STEWART, Ga. (WTOC) - The 3rd Infantry Division announced this past weekend, the four Dogface Soldiers who died during a training exercise in eastern Lithuania have returned to American soil. The 3rd Infantry Division said the soldiers returned to …

Lithuania to buy two military boats from Finland

Lithuania is set to buy two attack boats from Finland for its Navy for 22 million euros, the Defence Ministry said on Monday. The Defence Materiel Agency signed the contract for the purchase of the multifunctional attack boats jointly with Latvia's …

Lithuania wants EU-US tariff deal, urges against knee-jerk response

Nordic Solar and Swedbank Sign Financing Agreement for Solar Park in Lithuania

With its production capacity of 80 MWp, the solar park will contribute to strengthening the country's self-sufficiency in renewable energy and supply more than 35,000 Lithuanian households. In 2024, Nordic Solar commissioned the company's first, …

Lithuania will use aviation to escort transit trains from Russia

Lithuania will use aviation to escort Russian transit trains passing through its territory between Belarus and the Kaliningrad region, reports LRT. On Monday, border guards will present a new helicopter that will be deployed to monitor these trains. …

US military vehicle, four crew members gone missing following training exercise in Lithuania

(MENAFN) A US military vehicle and its four crew members have gone missing following a training exercise in Lithuania on Tuesday, where the vehicle sank in a swamp near the Belarus border. The M88 Hercules armored vehicle, used for recovering other …