AGP Executive Report
Last update: 12 hours agoWorkforce: Lithuanian business groups warn that tighter foreign-worker rules could slow growth; foreign nationals accounted for 45% of GDP growth from 2019 to 2024, according to Bank of Lithuania figures. Vilnius Investment: Gaming supplier ICONIC21 plans more than 350 local jobs as it builds a European operations hub in the capital. Defence Industry: Lithuania has received its first Switchblade 600 loitering munitions, while defence firm UDS has set up a Ukrainian venture to work with local military units and technology partners. Heating Fuel: Lithuania has secured half the biofuel needed for the fourth quarter, with state forests set to supply up to 1.827 million cubic metres of feedstock this year. Advanced Manufacturing: Laser maker LITILIT is betting on growing medical demand after research found its femtosecond imaging can assess lung tumour margins in under six minutes. Energy Storage: European Energy has opened a 25 MW/65 MWh battery at its Anykščiai solar park, its first storage project in the Baltics.
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