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2019 09 25
EU’s most important research and innovation event presents Lithuanian initiatives in the area of innovation

Vice-Minister of the Economy and Innovation Gintaras Vilda is taking part  in the European Research and Innovation Days in Brussels, where he present Lithuania’s experiences and key achievements in the field of R&D&I. The event brings together top level innovation policy makers as well as business and science...

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2019 09 17
Lithuania’s labour productivity assessment carried out for the first time: Lithuania’s rise has doubled

Over two decades, Lithuania has been one of the fastest growing EU Member States in terms of labour productivity growth. Based on the purchasing power parity, labour productivity reached 75% of the EU average in Lithuania in 2017. This is reflected in the first assessment of Lithuania’s labour productivity,...

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2019 09 04
Virginijus Sinkevičius at the Krynica Economic Forum: The digital economy is Europe’s chance to avoid recession

Minister of the Economy and Innovation Virginijus Sinkevičius, which is participating in the 29th Krynica Economic Forum, has said that Europe immediately needs a united and coherent digital policy in order to maintain its positions globally.

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2019 07 24
The government has decided on which areas of innovation will be promoted

The Government has approved the Smart Specialisation Programme, updated by the Ministry of the Economy and Innovation. In the Programme, 7 priorities will remain out of 20 currently existing priorities and those newly formede 7 priorities will be focused on promoting innovation in the country.

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2019 07 16
The GovTech lab starts: public sector communicates challenges and is waiting for start-ups

The GovTech lab, which officially started a few weeks ago, is launching its first set of initiatives; today, the first pilot public sector challenges have been announced today to addressing which the public may contribute, including start-ups, academia and the NGOs.

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2019 07 05
Virginijus Sinkevičius: digital economy to become a business card of Lithuania

An increasing number of businesses is becoming more and more dependent on the cutting-edge technology, therefore, the legal environment that allows experimentation with new ideas, technologies and business models must become a key tool for promoting digital entrepreneurship in Europe, says Minister of the Economy and Innovation Virginijus...

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2019 07 04
CERN is establishing a technology business development centre — the only one in Central and Eastern Europe

Lithuania has become the tenth country in the world chosen by CERN to set up its incubator: Minister of the Economy and Innovation Virginijus Sinkevičius and the European Organisation for Nuclear Research (CERN) signed an agreement, on the basis of which the only business development centre of CERN...

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2019 07 04
Baltic-Nordic countries are planning to create the electronic road consignment note (eCMR)

On 4th July 2019 Lithuanian stakeholders from private and public sector signed a Memorandum of understanding on digitalization of cross-border road freight transportation which aims to foster the process of moving from paper to electronic version of cross-border road consignment note(eCMR) in the Baltic-Nordic region.

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2019 07 03
Start-ups will address public sector challenges: launch of GovTech Lab

In Lithuania, a GovTech Lab will soon become operational seeking to help address problems of the public sector by means of innovative solutions. The initiative of the Ministry of the Economy and Innovation will offer a possibility for start-ups to test their technology with the public sector and also will facilitate the technology commercialisation.

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2019 06 18
Foreign start-ups coming to Lithuania will settle faster

As of 1 July, a faster start-up visa issue procedure will be launched: decisions on a visa issue for foreign start-ups in Lithuania will be made by Enterprise Lithuania twice as fast and the deadline will be  reduced from 30 to 15 calendar days, and from 30 to 5 calendar days for start-ups invited to risk and private equity funds. The Migration...

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2019 06 10
A pavilion of Lithuanian producers in China’s giant e-commerce platform

Lithuanian producers will be able to market their production in the Chinese market in one of the largest international e-commerce platforms  — Kaola.com. At the time of Minister of the Economy and Innovation Virginijus Sinkevičius’ visit to China a letter of intent was signed to set up an electronic Lithuanian Pavilion in this platform.

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2019 06 07
Virginijus Sinkevičius: China shows interest in both Lithuanian milk and lasers

According to Minister of the Economy and Innovation Virginijus Sinkevičius, participating in the Chinese and Central and Eastern Europe investment and trade exhibition in Ningbo, China has become Lithuania’s most important trading partner in Asia; yet, the potential for economic cooperation with this country could grow even more rapidly. So far,...

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