European fund investments

The EU structural fund investments represent significant assistance to the modernisation and development for Lithuania’s economy.The Ministry of the Economy and Innovation has already administrated EU funds of two programming periods (2004–2006) and (2007–2013). Nowadays the 2014–2020 programming period funds are under implementation. EU funds investments are allocated to the business, scientific research, the development of social business, to reducing the energy intensity of small and large industrial enterprises, to promoting natural and cultural heritage objects of the tourism sector, to creating the forecasting and development mechanism of human resources. The EU funds are used to upgrade companies and the manufacturing sector, promote exports, create industrial parks, establish new product development and testing laboratories, etc.