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2019 03 06
Administrative burden on business reduced by EUR 103.9 million last year

According to the calculations of the Ministry of the Economy and Innovation, last year, administrative burden on business was reduced by EUR 103.9 million, which will allow some businesses save more than EUR 6 000 a year. This amount includes time and financial costs that will no longer be incurred by businesses as a result of the entry into force of the...

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2019 03 06
Seven professional qualifications obtained in the UK will be automatically recognised in Lithuania after Brexit

Following the United Kingdom’s withdrawal from the European Union, Lithuania will automatically recognise the professional qualifications of medical doctors, dental practitioners, nurses responsible for general care, midwives, pharmacists, veterinary surgeons and architects, acquired before Brexit. These...

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2019 03 05
Lithuania and Kazakhstan strengthen economic cooperation

At the 12th meeting of the Lithuanian-Kazakh Intergovernmental Commission on Trade and Economic Cooperation (the Commission), held at the Ministry of the Economy and Innovation of Lithuania it was decided to strengthen bilateral economic relations, develop cooperation in the field of transport in order to increase the volumes of transported cargos and to...

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2019 01 21
Minister Virginijus Sinkevičius met with Google CEO and discussed GovTech development possibilities

Minister of the Economy and Innovation Virginijus Sinkevičius met with Google CEO Sundar Pichai in Warsaw and  discussed cooperation possibilities in the area of financial technology, artificial intelligence and GovTech.

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2019 01 16
Jekaterina Rojaka appointed Vice-Minister of the Economy and Innovation

Today, economist Jekaterina Rojaka is taking up her duties as Vice-Minister of the Economy and Innovation. She will be responsible for coordinating EU investment and enterprise policymaking.

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2019 01 14
Director of Lithuania Travel — Dalius Morkvėnas

Dalius Morkvėnas, previous coordinator of international marketing campaigns like ‘Tesla Gigafactory’ and ‘#NanoJesus’, is taking up his duties as Director of Lithuania Travel, which is a tourism promotion agency in Lithuania.

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2019 01 01
The name of the Ministry of Economy changed to the Ministry of the Economy and Innovation

From January 2019, the Ministry of Economy has changed its name and, following a reorganization, is called the Ministry of the Economy and Innovation now.

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2018 10 25
The first state-supported crowdfunding instrument Avietė loans is launched

Representatives of UAB Investicijų ir Verslo Garantijos (Investment and Business Guarantees, Invega) and the Platform FinBee for Business have signed a contract for the launch of a new instrument for the crowdfunding of business loans called ‘Crowdfunding loans Avietė’ (hereinafter referred to as ‘the Avietė loans’). This is the first crowdfunding loan...

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2018 10 24
Government proposes to legalise virtual office

The Government agreed with the proposal made by the Ministry of Economy to legalise the virtual office to both continually allow the establishment of businesses electronically, which is currently the case, and to ensure an effective, secure, legal proof and evidence providing communication with public authorities and other persons in the virtual space.

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2018 10 22
Jekaterina Rojaka takes office at the Ministry of Economy

Jekaterina Rojaka, with her experience of many years as Chief Economist at the Bank DnB NORD, is taking up her duties at the Ministry of Economy. From today, she is appointed Adviser to the Minister of Economy responsible for macroeconomic analysis and the development of the analytical resources of the  Ministry.

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2018 09 04
Lithuania among the first ones in the world to legalise virtual office

The Ministry of Economy will make a proposal to legalise the virtual office, which means enabling the establishment of companies that do not have a physical address of their premises so that they could be able to do communication with public authorities and other entities in virtual space. Following the adoption of this decision, Lithuania would become among...

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2018 08 22
The Government is to carry out dissolution of the State Department of Tourism and to establish Lithuania Travel instead

At the meeting on Wednesday, the Government decided that the State Department of Tourism under the Ministry of Economy (hereinafter referred to as ‘the State Department of Tourism’) is subject to dissolution as of 1 January 2019. From the new year onwards, tourism marketing will fall within the...

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