The largest water management company in Lithuania, Vilniaus vandenys, and the European Investment Bank (EIB) are to continue their cooperation. The Bank has granted the company the second €30 million instalment of a €50 million credit agreement to contribute to environmental protection and better living conditions for residents of the Vilnius area.
The InvestEU programme, launched by the European Commission with the EIB Group as the main implementing partner, seeks to boost crucial investments across Europe in support of the European Union’s policy priorities, such as the European Green Deal and the digital transition. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal.
The European Investment Bank (EIB) has lent €50 million to Teltonika IoT Group to accelerate its research, development and innovation activities in wireless networks and communication technologies. Furthermore, the investment supports the expansion and upgrade of the company's manufacturing facilities, which, unlike those of its main direct competitors, are based in Europe (Lithuania).