
The charm of defence fuels brothers in arms
The defence industry of Lithuania has become a national priority: nearly 100 companies, +14% employment and 1 billion budget.
The defence industry of Lithuania has become a national priority: nearly 100 companies, +14% employment and 1 billion budget.
In Q1 2025, Poland supported investment, mainly in the BSS-IT, for a value of EUR 670 million. And the vast majority was Polish capital.
Latvia owns 97.97% of airBaltic shares, and a sale could raise €300 million. The company is looking to list in Riga and London.
Frankenbur’s goal is to develop drone technology ten times cheaper than what’s available on the market and supply to national forces.
Riga offers operational and financial advantages, that’s why Cembra Latvia is strengthening the local service industry with professional quality services.
Wix establishes a new design studio in Vilnius, while PAYSTRAX expands its Lithuanian operations, boosting their teams and capabilities.
Interest rates on loans and banks deposits fell substantially over the year, while term deposit made up 97% of the total held by households and companies.
In Q3 2024, Latvia’s exports rose slightly YoY, with services leading. FDI hit 327M euros. Imports fell, especially in mineral products.
Estonia’s €100M Defence Fund, managed by SmartCap, boosts military tech, supports NATO, and attracts private capital through risk-sharing.
Glogowek Castle in Poland has been proposed as a strategic location for Elon Musk’s European business operations.