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Lithuania will merge its national development bank ILTE with the State Investment Capital (VIK) to attract EUR 1 billion for defense over the next few years. The merger aims to create a 'one-stop shop' for financing the defense industry, allowing ILTE to borrow on better terms and finance larger projects. The authorized capital of ILTE is set to increase by approximately EUR 101 million, with plans to reach EUR 615 million by the end of 2026.