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).
The European Investment Bank (EIB), the bank of the European Union and the biggest multilateral bank in the world will work with PT Mass Rapid Transit Jakarta (MRT Jakarta), the city’s public transport authority, in developing the city’s public transport network and financing urban regeneration of residential and business areas along the transport routes.
The European Investment Bank (EIB) and the Lithuanian Inland Waterways Authority have signed an advisory services agreement to support the construction of zero-emission electric transport shipping vessels to initiate cargo transportation between the two major cities of Klaipėda and Kaunas. At the end of 2021, an ambitious project to introduce an electric towboat was launched in Lithuania. With no CO2 emissions, this project will play a crucial role in revitalising freight transportation on Lithuania’s largest river, the Nemunas (aka Neman), and developing greener transport chains in the country.