The European Investment Bank (EIB) is strengthening its presence in the Baltic countries with offices opening this year in Riga and Tallinn. It also hopes to extend the reach of its existing regional office in Vilnius and make closer connections with financial institutions and companies in Latvia and Estonia.
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European PCB production has, for several years, been outcompeted and outperformed by production in Asia. As a consequence, the industry has faced consolidation over the years and there are far fewer production plants than before. But now, Lithuanian high-tech group Teltonika is building a new PCB factory in Vilnius, Lithuania.
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"Working with an authoritative partner like the European Investment Bank is further proof that we are on the right path to building innovative and sustainable business,” says Arvydas Paukštys, President of Teltonika IoT Group.