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Lithuania plans to merge its national development bank ILTE with the State Investment Capital (VIK) to secure an additional EUR 1 billion for defense projects over the coming years. The merger is expected to take up to six months and will enhance ILTE's authorized capital, enabling it to attract more funding and offer loans to defense companies.

ILTE's capital will increase from EUR 253 million to EUR 615 million by 2026. The merger aims to improve financing terms for defense projects and facilitate larger investments from foreign military manufacturers.