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2022 07 01
Lithuanian-American businesses are invited to invest in Lithuania

The Minister of the Economy and Innovation Aušrinė Armonaitė, who is visiting the US city of Philadelphia, will present the investment environment in Lithuania, possibilities to promote mutual trade and economic relations in meetings with representatives of the Pennsylvania state, the Lithuanian business community in the US and Canada, and Lithuanian ...

2022 06 28
€1.7 million allocated to tourism businesses

The Ministry of the Economy and Innovation has allocated EUR 1.7 million under two aid measures for the tourism sector. It provides €1.37 million in compensation for accommodation providers and €320 000 in subsidies for tour operators. In total, more than 100 tourism providers most affected by the pandemic received support.

2022 06 28
Lithuania to host international conference on Ukraine's reconstruction

On 12 July, at the initiative of the Ministry of the Economy and Innovation an international event Rebuilding Ukraine is organised in Vilnius. The conference will bring together political decision-makers, representatives of business and experts to discuss plans for rebuilding Ukraine.

2022 06 23
Aušrinė Armonaitė urged US businesses to invest more in Lithuania

Minister of the Economy and Innovation Aušrinė Armonaitė met with representatives of the American-Lithuanian Business Council (ALBC) mission and discussed how to further promote mutual trade and economic relations and improve the investment climate in Lithuania. They also discussed China's actions towards Lithuania and the possible impact of the war in ...

2022 06 22
Lithuania continues to improve its business environment, making it easier for start-ups to attract investment

The Government has approved amendments to the Law on Joint-Stock Companies drafted by the Ministry of the Economy and Innovation, which will substantially improve the conditions for growing companies to attract investment, encourage the use of digital tools in decision-making and ensure that shareholders, ...

2022 06 22
The state will support Ukrainian businesses emerging in Lithuania

Starting today, Ukrainian businesses that have decided to start operations in our country after 24 February this year can already apply for subsidies for job creation and establishment. Up to €2 million in total will be available for subsidies under this measure developed by the Ministry of the Economy and Innovation.  This measure has already been approved ...

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2022 06 20
Board of the Innovation Agency has been approved

The Minister of the Economy and Innovation Aušrinė Armonaitė has appointed members of the Board of the new Innovation Agency for a four-year term of office. The Board will be composed of 7 members, including 3 delegates and 4 independent members.

2022 06 20
Aušrinė Armonaitė: “We will work to make Lithuania a leader in strengthening Europe’s semiconductor capabilities”

Lithuania aims to create a semiconductor ecosystem that enables our companies to play an important role in regional supply chains, to meet the needs of local industry, and to contribute to strengthening the EU’s autonomy in this strategic market.

2022 06 17
Agreement to promote tourism between the Baltic countries, help Ukraine

Representatives of the Lithuanian, Latvian, Estonian, Polish and Ukrainian governments responsible for tourism policy signed an agreement in Vilnius on Friday to strengthen ties in developing tourism in the region and to help Ukraine revitalise its tourism ecosystem.

2022 06 15
Ministry of Economy and Innovation is looking for a trade representative in Taipei

As part of Lithuania's efforts to expand its economic representation in the South-East Asia region, the Ministry of Economy and Innovation has announced a vacancy for a Trade Representative at the Trade Representation of the Republic of Lithuania in Taipei

2022 06 15
Businesses affected by China's actions can now apply for working capital loans

Lithuanian businesses that have suffered difficulties as a result of China's actions can now apply for working capital loans.  A stimulus financial facility prepared by the Ministry of the Economy and Innovation is being launched today, allowing businesses to receive loans of up to €5 million, and groups of companies up to €10 million. A total of ...

2022 06 14
Lithuanian Business in France to Present Defence Industry’s Potential

The Lithuanian national stand at Eurosatory, one of the world's largest defence and security exhibitions, has been opened in France, where 11 Lithuanian defence companies are presenting themselves. 

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