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2020 03 12
The EU investment framework for business will be more flexible due to adverse effects of coronavirus

The Ministry of the Economy and Innovation, together with the Lithuanian Business Support Agency (LVPA), has foreseen that due to coronavirus-related risks for business and the economy flexibility will be ensured in the implementation of the EU investment requirements for business.

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...

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...

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.

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.

2019 12 05
Lithuania’s GovTech Lab initiative acknowledged in the European Awards

The GovTech Lab initiative by the Ministry of the Economy and Innovation and Create Lithuania was awarded at the Innovation In Politics Awards 2019.

2019 11 19
Lithuania’s record leap in the World Talent Ranking

Lithuania has moved up as much as by 8 positions in the IMD World Talent Ranking 2019. Currently, based on the creation of a suitable environment for qualified workforce, its attraction and maintenance, Lithuania ranks 28th among 63 countries in the world.

2019 10 24
Lithuania has reached its highest position ever in Doing Business 2020: a single further step is needed to be among the top ten

Lithuania has achieved the 11th position in the World Bank’s Doing Business report measuring business conditions. This is the highest position ever achieved by Lithuania since the launch of this report.

2019 10 22
Lithuanian digital innovation solutions delivered in Germany

In the Smart Country Convention exhibition on latest digital solutions for the public sector, cities and municipalities, which has started today in Berlin, Vice-Minister of the Economy and Innovation Elijus Čivilis is presenting Lithuania’s initiatives for digital innovation and sharing experiences on how to digitise services in the public sector.

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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