AGP Executive Report
Last update: an hour agoAI and Data: Vilnius-based Oxylabs has joined four web-intelligence firms under Source, a group valued at $3.6 billion after a Warburg Pincus-led funding round. The companies report a sharp rise in demand for AI-ready data. Economic Outlook: The IMF expects Lithuania’s economy to grow 2.7% in 2026, the fastest rate in the Baltics, while inflation is forecast at 5.4%. Telecoms: Telia plans to cut 110 jobs in Lithuania as part of 900 cuts across its markets by year-end, citing efficiency and a greater focus on local operations. Advanced Manufacturing: A Lithuanian femtosecond-laser maker is looking to scale production to meet rising demand for medical applications.
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