AGP Executive Report
Last update: 4 hours agoTrade Policy: EU leaders asked the Commission to draft new powers to block foreign goods from the single market in extreme cases. President Gitanas Nausėda said the tool could counter unfair trade practices, including by China. Banking: Kraken parent Payward agreed to acquire Lithuania’s Saldo Bank, a move that could give the crypto group an EU banking foothold and support expansion into deposits and lending. Inflation: Lithuania recorded the eurozone’s highest annual inflation in September at 6.1%, as the bloc-wide rate rose to 3.8%, its highest in three years. Defence Industry: Lithuanian firm Pekkla and Ukraine’s December1 plan to establish a joint venture producing Damba anti-drone systems in Lithuania from 2027, with output destined for Ukraine’s armed forces. Tech Investment: Vilnius-based marketing automation startup Holo raised €5 million to develop AI tools for small businesses.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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