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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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VIPA presents a new financial instrument for the development of free economic zones, industrial parks and other industrial areas

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

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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

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