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2019 05 15
Global positions of the Lithuanian laser industry are getting stronger

One of the most powerful laser system SYLOS made by Lithuanians was launched today in the Centre of Laser Researches in Hungary. Mr. Gintaras Vilda, Vice Minister of the Economy and Innovation, who participated in the conveyance ceremony of the unique laser system, said that it is a huge achievement both for Lithuania and global science. 

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2019 05 07
Minister Sinkevičius in the EU’s informal Competitiveness Council: old rules no longer fit for the world of start-ups

‘New business models and technologies require to promote investment to innovation and skill and to create modern legal basis. Old rules are no longer relevant, especially when it comes to the introduction of promising new digital business models, the start-up ecosystem and rapidly evolving...

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2019 04 29
Good News for Startups: Barriers Will Be Reduced to Attract Talent from Abroad

Lithuania will be launching ‘Startup Employee Visa’, a procedure for attracting, retaining and integrating foreign talents that will reduce barriers for the highly qualified professionals that startups need to come to Lithuania. This was established by the memorandum signed today by the Ministry of Economy and Innovation, the Ministry of the...

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2019 04 03
Virginijus Sinkevičius presenting an AI strategy in Brussels: ‘Lithuania is ready to challenge large countries‘

In Brussels, Minister of the Economy and Innovation Virginijus Sinkevičius will be among the first in the EU to present the Lithuanian National Artificial Intelligence Strategy in meetings with representatives of the European Commission and in artificial intelligence conferences. According to the...

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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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