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2012 04 18
Future of EU internal market to be decided in Vilnius

Today, 18 April, an informal meeting of the EU Economy Ministers is hosted in Vilnius aimed to step up the pace of reforms required to promote growth at the EU level. Common priorities, to be communicated to the Commission and later presented to the EU Economy Ministers at the Competitiveness Council in May, will be agreed at the informal meeting.  

2012 04 17
SOE income increased by 7%

Following the preliminary unaudited data the income of state-owned enterprises (SOEs) grew by 7% or by LTL 6.85 billion, and operating profit increased from LTL 2 million loss to LTL 183 profit in twelve month period of 2011. Net profit of the SOE portfolio reached LTL 79 million, which was LTL 76 million more than one year ago1. In 2011, profitable companies earned the profit of  LTL 343 million and the unprofitable ones faced the losses of LTL 264 million.

2012 02 21
In Lithuania, the so-called “Modest Innovator”, the growth of innovations exceeds the EU average

According to the Innovation Union Scoreboard 2011, the growth rate in innovation stood at 1.5%, which slightly exceeds the EU average. However, the gap between Lithuania and other EU countries, which had occurred even before 2008, is too large for this growth pace to be sufficient to come close to or overtake other EU Member States within a short period of time.

2012 02 15
Lithuanian economic representation reinforced on US West Coast

The Lithuanian business representation was officially opened in the ‘cradle’ of newly emerging IT companies of the US West Cost in San Francisco and in the Silicon Valley.

2012 02 14
Lithuanians in the USA invited to actively share economic news from Lithuania with global companies

Minister of Economy Rimantas Žylius visiting the West Coast of the USA, had meetings with representatives of the Lithuanian communities in Seattle (Washington, USA) and San Francisco (California, USA), participated in the solemn Lithuanian Independence Day – February 16 – Celebration held in Seattle, and communicated with the Lithuanians working in the largest US information technology corporations.

2012 02 14
Minister of Economy Rimantas Žylius to begin an official business visit to the USA

The five largest cities in the USA, meetings with representatives of American companies, investors in venture capital, Lithuanian communities, and US government officials, and the official opening of the Lithuanian representative office in Silicon Valley – all this is included into the agenda of the official visit of Minister of Economy Rimantas Žylius to the United States of America.

2012 02 08
Information on State-Owned Enterprises Now Available in English

From now on information on State-owned enterprise reform, governance and transparency policies as well as strategic and social projects of SOEs is also available in English on vvi.ukmin.lt/en . Here you will also find the key financial data on SOEs and the results of the SOE portfolio.

2012 02 02
Lithuania ranks second in Europe by growth of tourists in 2011

According to the data published by European Travel Commission (ETC) unifying 33 European national tourism associations, Lithuania is one of the leaders among European countries indicating growth of tourist flow and number of accomodations.

2012 01 30
Address by Minister of Economy Rimantas Žylius at the NASDAQ OMX Baltic Market Awards

Ladies and gentlemen, Nasdaq OMX Vilnius and its team with Baltic Institute of Corporate Governance was a source of inspiration to start reform on state owned enterprises. Listed companies are role model on how to implement transparency and high standards of disclosure for each SOE. As these companies by their nature are most public – owned by all citizens of Lithuania.

2012 01 25
Milda Dargužaitė appointed Managing Director of public body Invest Lithuania

Milda Dargužaitė starts her new role as Managing Director of Invest Lithuania, a public body subordinate to the Ministry of Economy of the Republic of Lithuania. Ms Dargužaitė returned to Lithuania in June 2011 after seventeen years in the United States of America, where she was Vice President at Goldman Sachs, the Investment Banking and Securities firm in New York.

2012 01 16
National Conference Bureau planned to be established in Lithuania

The Ministry of Economy signed a memorandum with the Lithuanian State Department of Tourism and the municipalities of resorts and the largest cities of Lithuania, aimed to consolidate the idea to establish the National Conference Bureau in 2012. The Memorandum concerning the establishment of the Conference Bureau was signed by the municipalities of Vilnius, Kaunas, Druskininkai, Birštonas and Neringa

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