
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.
Frankenbur’s goal is to develop drone technology ten times cheaper than what’s available on the market and supply to national forces.
Lithuania’s economy rebounds with 2.4% GDP growth in 2025, driven by exports, private consumption, and investments.
Estonia’s €100M Defence Fund, managed by SmartCap, boosts military tech, supports NATO, and attracts private capital through risk-sharing.
Estonia’s services export continues to grow moderately, but manufacturing is still in quite a precarious position.
Commerzbank, one of the largest financiers of German foreign trade, opens a new representative office in Vilnius.
Economic growth is still based on one pillar, and that’s consumption. With a persistently high core inflation, the question is: for how long?
Vilnius’ strategy on defense led to 14 large-scale projects within the Green Corridor worth nearly 4,000 jobs and more than EUR 1.25B in investment.
GDP growth in Q2 2024 was close to 3% YoY only thanks to consumption. Solid market economy will be back only upon the expiration of minimum wage policy.
Despite the deficit in May, a current account surplus of 0.8% of GDP is forecasted for 2024 thanks to the EU support and domestic demand.