Business

EU to turn Lithuanian port into €200 mln NATO hub as part of defense boost in Baltics

The EU is set to finance new military and energy infrastructure at the Lithuanian port of Klaipėda. (European Investment Bank)
The EU is set to finance new military and energy infrastructure at the Lithuanian port of Klaipėda. (European Investment Bank)

Almost half of the project will be financed by the EU-owned European Investment Bank.