Minister of the Economy and Innovation Rimantas Sinkevičius continues working with his political team: Vice-Ministers of the Economy and Innovation Jekaterina Rojaka and Marius Skuodis and Advisers Vitalija Jankauskaitė-Milčiuvienė, Kęstutis Šetkus and Darius Liutikas. The Chancellor of the Ministry of the Economy and Innovation and the third Vice-Minister...

Today, the newly appointed Minister of the Economy and Innovation Rimantas Sinkevičius is taking office following his oath of office at the Seimas.

The Seimas has adopted a package of investment and corporate tax laws, which offers a new instrument aimed at attracting large investments of local and foreign capital. The package of laws, also known as the ‘green corridor for investment’, provides for much faster and simpler establishment procedures for investors as well as incentives for municipalities...

Today, the Seimas adopted the Law on the Innovation Promotion Fund aimed to attract more investment to R & D & I. The Law initiated by the Ministry of the Economy and Innovation will enable the Innovation Promotion Fund to be established in 2021, which will ensure effective financing of R & D & I activities and will contribute to their development. The Fund...

Today Žygimantas Vaičiūnas, the Acting Lithuanian Minister of the Economy and Innovation, has reviewed the progress of an ongoing aid for the tourism sector program and the situation concerning compensations for the urgent tourist transportation back to Lithuania due to the COVID-19 outbreak.

Following the postponement by Lithuania of the biggest Fintech Inn conference in the region to 28-29 April 2021 due to the Covid-19 virus pandemic, the organisers are proposing an alternative  Fintech Week Lithuania conference in the virtual space. A free four-day virtual event will bring together Fintech experts from Lithuania and beyond on 15–18...

At the video meeting, EU ministers responsible for tourism discussed a set of guidelines and recommendations for tourism and transport published by the European Commission to assist Member States in phasing out travel restrictions caused by the COVID-19 pandemic and to help tourism companies resume operations after months of prolonged restrictions while...

In the DNA Plan for the Future, which has been presented to the Government today, the Ministry of the Economy and Innovation has planned to implement measures to promote investment for the digital economy and business transformation and the development of innovative products in the country between...

The implementation of tourism promotion measures which are part of the Government’s plan aimed to promote the economy and reduce the effects of the spread of Coronavirus (COVID-19), are already gaining momentum. According to the plan, EUR 15 million was earmarked for inbound and local tourism and EUR 30 million for loans. The first measures to promote...

The Government provides a possibility to reduce financial losses for Lithuanian micro-enterprises affected by coronovirus (COVID-19). A new ‘Subsidies for Micro-Enterprises’ instrument is being launched to help these enterprises. Under this instrument, enterprises with between 1 and 9 employees will be eligible for subsidies that can be used for the working...

A tool for businesses initiated by the Ministry of the Economy and Innovation is starting, which is designed to cover a partial compensation of rentals for companies most affected by COVID-19. EUR 100 million will be allocated from the state budget to subsidise the rentals.

In order to manage the crisis and mitigate its impact on the tourism sector, the Ministry of the Economy and Innovation presented to the Government a plan for the tourism sector promotion, which includes measures to reduce the effects of COVID-19, as well as measures to promote the tourism sector after the quarantine and measures to transform the tourism...