VIPA 2021 Year in Review
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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 was in the renovation of buildings, the development of solar energy and other sustainable […]
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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 (eeef), signed a loan agreement with UAB Venteos, which will implement, Kaunas district street lighting modernisation project. In summer 2022, Kaunas District Municipality entered into […]
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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 experience of their cooperation with the Agency. Results of the survey conducted in end-2022 showed that 91 […]
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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 Advisory Hub (EIAH) following the EIAH call for proposals for delivery of investment advisory services by National […]
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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 City Innovation Industrial Park operator developing a unique and innovative R&D investment space. The value of the project developed […]
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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 (modernisation) of multi-apartment buildings for applications submitted under this call. We plan to publish more detailed information about the conditions for granting […]
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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 energy price fluctuations, which, as we have seen this year, have occurred tens of times. However, economic indicators […]
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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 residents, but also to contribute to the reduction of the direct climate change effects. […]
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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 financed by a loan from the capital funds of the […]
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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 construct four semi-detached production buildings with accompanying infrastructure in Free Economic Zone (FEZ) of Klaipėda. The value […]
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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 with the Lithuanian National Promotion Institutions (NPIs) their experience in the area of internal control functioning and internal audit organisation. For […]
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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 facility “Renovation of State-Owned Buildings (II)” to provide additional financing for projects that are already being […]
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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 sector were the most successful in achieving their strategic objectives. VKC assessed the implementation of the Public Investment Development Agency’s strategy at […]
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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 park with the double acting solar models and the solar tracking system manufactured in Lithuania and meeting the sustainability […]
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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 has become one of the solutions for companies which consume a significant amount of energy. Targeted financing […]
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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 been financed in various areas of public interest, including modernization of multi-apartment buildings, central government […]
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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 the Energy Efficiency Fund (ENEF) of VIPA. The reconstruction of the building located at T. Ševčenkos Street […]
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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 41.4 million from the State budget of the Republic of Lithuania was allocated for the implementation […]
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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 representing the 3JI member states. This is the 4th and first Lithuania meeting of the cooperation network of […]
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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 project, the plan is to connect 876 residents of the Pabradė agglomeration and the village of […]
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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 energy efficiency project implementation and financing possibilities of the investment platform ‘Promotion of Sustainable Resource Development’ (TIPS), […]
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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 the same amount of electricity, and thus contributing to avoid the effects […]
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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 by UAB Viešųjų investicijų plėtros agentūra (VIPA) (English: Public Investment Development Agency) in cooperation with the investment company European Energy Efficiency Fund […]
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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 financed under the Higher Education and Vocational Training Infrastructure (Buildings) Renovation and Development Facility […]
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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 institutions: UAB Investicijų ir Verslo Garantijos (INVEGA), UAB Viešųjų Investicijų Plėtros Agentūra (VIPA), UAB Valstybės Investicijų Valdymo Agentūra (VIVA), UAB Žemės Ūkio Paskolų […]
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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 created new ones, increased the scope of funding and created added value for Lithuania and its people. […]
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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 Capacity Building to the Public Investment Development Agency of Lithuania” funded by the European Commission’s Directorate-General for Structural Reform Support. The […]
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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 Development of Higher Education and Vocational Training Infrastructure (Buildings)”. VIPA issued a loan of EUR […]
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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 incentive measure “Installation of Typical Production Buildings in Free Economic Zones, Industrial Parks and Other Industrial Territories”. […]
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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 purpose of which is to finance sustainable investments, contributing to the mitigation of direct consequences of climate change. The new investor EEEF has invested […]
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2021 09 24
The signing of the 1000th agreement on the renovation (modernization) of multi-apartment buildings
On 23 September 2021, the 1000th agreement on the renovation (modernization) of multi-apartment buildings was signed by VIPA and UAB Utenos Butų Ūkis. Since 2013, VIPA has been disbursing loans for renovation (modernization) of multi-apartment buildings under the programme approved by the Government of the Republic of Lithuania, the aim of which is to reduce […]
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2021 08 04
The European Bank for Reconstruction and Development has supported the improvement of energy efficiency in multi-apartment residential buildings in Lithuania
The European Bank for Reconstruction and Development (EBRD) granted to UAB Viešųjų investicijų plėtros agentūra (VIPA) a loan of EUR 67.5 million to finance projects for the improvement of energy efficiency of multi-apartment residential buildings. The received EBRD loan will be used to finance projects of renovation of multi-apartment buildings that are already being implemented […]
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2021 02 01
Lithuania has joined the Three Seas Initiative Investment Fund
UAB Viešųjų Investicijų Plėtros Agentūra (VIPA) representing the state of Lithuania on behalf of the Government of the Republic of Lithuania has committed to invest EUR 20 million in the Three Seas Initiative (hereinafter – 3SI) Investment Fund (hereinafter – 3SIIF) and became its full-fledged member. The President of the Republic of Lithuania Gitanas Nausėda […]
2022 01 12
VIPA 2021 Year in Review
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