Page contents Page contents How Lithuania ranks within EU countries Total investment March 2022 Total financing under the European Fund for Strategic Investments (EFSI) in Lithuania amounts to €335 million and is set to trigger €1.8 billion in additional investments Infrastructure and innovation projects 11 approved projects financed by the European Investment Bank (EIB) with EFSI backing approximately €314 million in total financing set to trigger €1.5 billion in total investment Small and medium enterprises (SMEs) 8 approved agreements with intermediary banks or funds financed by European Investment Fund (EIF) with EFSI backing €21 million in total financing set to trigger approximately €378 million in investments with some 7,100 SMEs and mid-cap companies expected to benefit from improved access to finance Examples of projects supported by the Investment Plan in Lithuania Laser technology: SARGASAS Sargasas is a manufacturing business based in Vilnus, Lithuania, that produces metallic parts for lasers used mainly in the opto-mechanical field. The company sells its products to companies that design and assemble lasers. In such a competitive industry, Sargasas must constantly invest in new equipment to remain innovative. A loan from Swedbank under the Juncker Plan allowed the company to buy new machinery, digitise the business and hire new specialised staff. Sargasas aims to expand into more countries. Infrastructure fund: BALTCAP The EIB has provided €20 million in finance to the BaltCap Infrastructure Fund, which finances infrastructure development across Lithuania, Latvia and Estonia. The Fund makes equity investments in renewable energy and energy efficiency projects. Transport and social infrastructure are also covered, so the Fund can invest in roads, airports, schools, universities and hospitals. The project will create hundreds of jobs during project construction and maintain more than 200 full-time jobs. Smart energy efficiency: ENERGUS Energus provides intelligent energy efficiency services for large buildings, like shopping centres or supermarkets. The company offers consulting services, designs and installs energy management systems, and offers support services to ensure optimal results. To scale up its operation and buy new material such as cables, Energus secured a loan from Swedbank, backed by the Juncker Plan. This also allowed them to double its number of employees, from 60 to 120. The company now plans to work on new projects such as developing automated technological devices that recognise and separate the different waste according to their shape and material to improve recycling processes. Full list of EFSI-backed projects approved by the EIB Full list of EFSI-backed agreements with financial intermediaries signed by the EIF
