Litgrid to spend €880m on independent energy islands
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Grid operator Litgrid has unveiled an €880m plan to build ten power plants by 2033, a project designed to split the national power system into seven 'energy islands' that can operate in isolation. The move is intended to protect the country from a 'perfect storm' of external energy shocks.
Taipei has confirmed it will not change the name of its representative office in Vilnius despite ongoing diplomatic friction. Meanwhile, Foreign Minister Gabrielius Landsbergis responded to criticism from President Gitanas Nausėda regarding the relationship with Beijing, stating there was an agreement that the country would not be subservient to China.
While President Nausėda announced that the latest rotation of US troops will be fully deployed by next week, domestic attention has shifted toward the economy. Swedbank has revised GDP growth downward to 1.8% for next year, noting that while residents are spending less on shoes than they did a decade ago, they are spending considerably more on healthcare.