News
2023 01 17
Gvidas Dargužas, CEO of VIPA: our achievements in 2022
Gvidas Dargužas, CEO of VIPA The focus on sustainability and green energy in Lithuania continues to grow, as evidenced by the purpose of the projects financed by the Public Investment Development Agency (VIPA): in 2022, the largest part of our investments
2023 01 12
TIPS to finance street lighting modernisation project in Kaunas district
Sustainable Resources Investment Platform or “Tvarių investicijų plėtros skatinimas” (TIPS) (English: Promoting Sustainable Resource Development), a JV established by the Public Investment Development Agency (VIPA) and European Energy Efficiency Fund
2023 01 10
Survey results: consistent increase in VIPA customer satisfaction level in 2022
Results of the survey conducted by the market research company Spinter Research have shown that customers of the Public Investment Development Agency (VIPA) are satisfied with the services provided by VIPA, and partners are particularly positive about the
2023 01 04
VIPA’s Pricing Tool: Tailored Terms and Conditions and Faster Decision Making
Public Investment Development Agency (VIPA) has been using the Pricing Tool for financial services and products for a year now. The Pricing Tool was developed with the substantial financial support of the European Union through the European Investment
2022 12 21
EUR 9.5 million VIPA’s loan for a new biotechnology R&D building in Vilnius
VIPA has signed the loan agreement under the promotional financial instrument “Installation of typical production buildings in free economic zones, industrial parks and other industrial areas”. The loan was granted to VšĮ Northtown Vilnius – Vilnius
2022 12 13
Environmental Projects Management Agency announced a call for applications for renovation of old muti-apartment buildings
On 12 December, the Environmental Projects Management Agency announced a call for renovation (modernisation) of multi-apartment buildings, allocating EUR 100 million therefor. VIPA plans to provide loans to finance contractor works of renovation
2022 11 28
Dealing with a challenge of energy prices: VIPA finances corporate investments in energy efficiency
With the recent significant increase in energy prices, more and more organisations focus on improving energy efficiency. This not only helps control and reduce operating costs and increase productivity (and thus profitability), but also enhances resilience to
2022 11 08
10 years of renovation of multi-apartment buildings by VIPA: 1,000 of multi-apartment buildings transforming the face of cities and the quality of life
The renovation processes of multi-apartment buildings in Lithuania that have been carried out for more than 15 years, represent efforts of many public authorities to increase the energy efficiency of buildings and thus not only to reduce the heating bills of
2022 10 13
Solar capacity for sports and entertainment events: a powerful solar power plant was installed on the roof of Kaunas Žalgiris Arena
From now on, Kaunas Žalgiris Arena will generate one third of its own electricity consumption – a 500 kW solar power plant installed on the roof of the building will produce energy for the needs of the arena. The installation of the power plant was
2022 10 06
VIPA loan of almost EUR 5 million for construction of four production buildings in Klaipeda FEZ
VIPA has signed its first loan agreement under the promotional financial instrument “Installation of typical production buildings in free economic zones, industrial parks and other industrial areas”. The loan was granted to UAB Flex Start Two, which will
2022 10 05
Representatives of Bank Gospodarstwa Krajowego shared their internal audits organisation experience with internal auditors of Lithuanian NPIs
On 26-27 September, representatives of Bank Gospodarstwa Krajowego (BGK) visited VIPA. The visit was a complementary initiative to the cooperation developed under the Three Seas Initiative (3SI) Investment Fund. BGK’s Internal Audit Representatives shared
2022 09 15
VIPA starts providing additional funding for ongoing projects of modernisation of public buildings, allocating EUR 10 million
On 15 September 2022, VIPA started providing additional funding for ongoing projects of modernisation of public buildings. EUR 10 million will be allocated under the Climate Change Programme from the State Budget of the Republic of Lithuania under the
2022 08 30
VKC assessed the implementation of VIPA Strategy for 2021 at 100 %
Each year, the Public Institution Valdymo koordinavimo centras (VKC) (Management Coordination Centre) prepares summary reports on the implementation of the operational strategies of state-owned enterprises (SOEs). In 2021, companies operating in the financial
2022 08 10
The Platform TIPS Will Grant a Loan in the Amount of EUR 1.6 Million for Development of the New Solar Park
The platform TIPS (Tvariųjų išteklių plėtros skatinimas) (Promoting Sustainable Resource Development) has signed the second solar park development loan contract with Solarbank UAB for financing of the solar park in Didžiasalis. It is the second solar
2022 08 02
TIPS financing opens opportunities for companies and organisations to increase energy efficiency
As the prices of energy sources increase and the risks have significantly increased due to stable supply of energy sources, more and more companies revise their energy consumption habits and seek for more beneficial alternatives. Increasing energy efficiency
2022 06 27
VIPA annual report 2021 summary
Until the end of 2021, acting as a national promotional institution (NPI) VIPA established and is currently managing 17 active target funds, instruments and initiatives, having raised more than 800 million euros for them. More than 1100 projects have already
2022 06 15
VAT building renovated from VIPA funds reached A+ energy efficiency class
In May 2022, the modern administrative building of the Dignitary Protection Service of the Republic of Lithuania (VAT) opened its doors after reconstruction. The project was implemented under the State Asset Renovation Programme of Turto Bankas, also using
2022 05 30
VIPA starts providing loans for the construction of typical production buildings
On 30 May 2022, the Public Investment Development Agency (VIPA) started providing loans for the financing of the construction of typical production buildings in free economic zones, industrial parks and other industrial areas of the Republic of Lithuania. EUR
2022 05 30
Internal auditors of national promotional institutions from 7 European countries share experiences at VIPA hosted event
On 26 May, internal auditors from national promotional institutions of the Three Seas Initiative (3SI) region countries visited VIPA. The visit was one of the events aimed at developing communication, sharing experiences, and insights among the institutions
2022 04 19
VIPA signs the largest loan agreement for a water management project: 1 456 residents will be connected to networks
On 29 March 2022, the Public Investment Development Agency (VIPA) signed a water management project loan agreement with UAB Pabradės komunalinis ūkis. This is the largest loan for a water management project financed from VIPA capital. Having implemented the
2022 04 07
VIPA and eeef: Sustainable Investing at Work – How it Looks in Practice
The European Energy Efficiency Fund (eeef) presents the first podcast on sustainable investments. The host Rahul Pratap Singh, eeef Investment Manager and special guest Asta Gladkauskienė, head of the Private Clients Department at VIPA, discuss the issues of
2022 03 17
Sustainable Resources Development platform – JV of VIPA and eeef- will allocate 2.4 million euros for the development of the solar plant in Lithuania
In January 2022 a solar plant development in Grikapalis in Lithuania loan agreement was signed with UAB Solarbank. Compared to the most modern gas-fired power plant in Lithuania, this solar plant will save 1 478 tons of CO2 equivalent per year by producing
2022 02 07
New Funding Opportunities for Sustainable Energy Projects
A new investment platform “Tvarių išteklių plėtros skatinimas” (TIPS) (English: Promoting Sustainable Resource Development) for the funding of sustainable energy projects has been launched in Lithuania. The capital of this funding platform established
2022 02 02
VIPA will finance the construction of an A++ energy efficiency class dormitory of Klaipėda University
In December 2021, the Public Investment Development Agency (VIPA) signed a loan agreement to finance the construction of a new dormitory of Klaipėda University (KU). A VIPA loan for the implementation of the project totals EUR 2 million. The project is
2022 01 31
Launch of a Single National Funder to Open up a New Level of Opportunities for the Development of Lithuania’s Public and Private Sector
On 26 January, the ministerial meeting approved the consolidation of national promotional institutions (NPI) and provided further steps towards this objective. The ministers agreed to consolidate the following currently operating national promotional
2022 01 12
VIPA 2021 Year in Review
<!doctype html> Dear colleagues and partners, Thank you for a wonderful year and sincere cooperation in 2021. We can rejoice over the sustainable development of VIPA all together: we have successfully implemented the already started projects and
2021 12 31
New VIPA’s organizational structure – for long-term development of operations
The organizational structure of UAB Viešųjų Investicijų Plėtros Agentūra (VIPA) was updated in the first half-year of 2021. VIPA’s structural changes were initiated and implemented in accordance with the project “Support for the Organizational
2021 12 22
The first educational institution infrastructure project funded by VIPA has been implemented – a new building at the SMK is about to open for students in Kaunas
The opening ceremony of the new building for the Kaunas campus of the College of Social Sciences was held on 17 December. The project was funded with capital from the Public Investment Development Agency (VIPA) under the measure “Renovation and
2021 11 10
VIPA presents a new financial instrument for the development of free economic zones, industrial parks and other industrial areas
On 10 November 2021, UAB Viešųjų Investicijų Plėtros Agentūra (Public Investment Development Agency or VIPA) and the Ministry of Economy and Innovation of the Republic of Lithuania signed an agreement on the establishment and financing of the financial
2021 10 11
VIPA has established an investment platform for financing sustainable projects together with the European Energy Efficiency Fund
UAB Viešųjų Investicijų Plėtros Agentūra (VIPA) invested in the limited partnership Tvariųjų Išteklių Plėtros Skatinimas (TIPS) (English: Promoting Sustainable Resource Development) together with the European Energy Efficiency Fund (EEEF) the main