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2020 02 10
More favourable conditions for investment in start-ups

Since 2020, an amendment to the Corporate Tax Law initiated by the Ministry of the Economy and Innovation has entered into force, allowing Lithuanian and foreign investors to more flexibility invest in start-ups. The corporate tax relief now applies to venture capital and private equity entities which invest in both shares and convertible bonds. This...

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2020 02 05
Tax incentives to attract large investments

Today, the Government approved the proposal of the Ministry of the Economy and Innovation to exempt from the corporate tax obligation Lithuanian and foreign capital-based  investment project promoters which will invest at least EUR 30 million and will create at least 200 new jobs. This amendment to the Law on Corporation Tax will facilitate the development...

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2020 01 31
Lithuania and Turkey will discuss economic cooperation

Today, representatives of Lithuania and Turkey will discuss prospects for economic cooperation. During the first meeting of Turkey-Lithuania Joint Economic and Trade Commission (JETCO), consideration will be given to promoting trade growth and  establishing links between large and also small and medium-sized enterprises.

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2020 01 22
Negotiations started on Lithuania’s perspectives for membership in the European Space Agency

Negotiations on Lithuania’s further perspectives and membership in the European Space Agency (ESA) have started. Possible forms of cooperation were discussed on 24 January in Vilnius at a meeting between representatives of Lithuania and ESA.

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2020 01 16
Last year, twice as many foreign start-ups chose Lithuania for business development

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly, innovative businesses from non-EU countries welcome Lithuanian start-up ecosystem. This is evidenced by the fact that in 2019, twice as many foreign start-ups than in the previous two years chose Lithuania for business development through the...

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2020 01 14
Promoting of public sector innovation: Digital Lithuania Academy

The Academy established by the Ministry of the Economy and Innovation and Create Lithuania will help Lithuania with developing digital skills of public sector employees.

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