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2019 07 03
Start-ups will address public sector challenges: launch of GovTech Lab

In Lithuania, a GovTech Lab will soon become operational seeking to help address problems of the public sector by means of innovative solutions. The initiative of the Ministry of the Economy and Innovation will offer a possibility for start-ups to test their technology with the public sector and also will facilitate the technology commercialisation.

2019 06 18
Foreign start-ups coming to Lithuania will settle faster

As of 1 July, a faster start-up visa issue procedure will be launched: decisions on a visa issue for foreign start-ups in Lithuania will be made by Enterprise Lithuania twice as fast and the deadline will be  reduced from 30 to 15 calendar days, and from 30 to 5 calendar days for start-ups invited to risk and private equity funds. The Migration ...

2019 06 10
A pavilion of Lithuanian producers in China’s giant e-commerce platform

Lithuanian producers will be able to market their production in the Chinese market in one of the largest international e-commerce platforms  — At the time of Minister of the Economy and Innovation Virginijus Sinkevičius’ visit to China a letter of intent was signed to set up an electronic Lithuanian Pavilion in this platform.

2019 06 07
Virginijus Sinkevičius: China shows interest in both Lithuanian milk and lasers

According to Minister of the Economy and Innovation Virginijus Sinkevičius, participating in the Chinese and Central and Eastern Europe investment and trade exhibition in Ningbo, China has become Lithuania’s most important trading partner in Asia; yet, the potential for economic cooperation with this country could grow even more rapidly. So far, ...

cropped V. Sinkevičius su NASA atstovu Al Condesu.jpg
2019 06 07
Virginijus Sinkevičius: Lithuanian companies will be able to participate in NASA’s acceleration programme

Lithuanian innovative companies generating solutions for the space industry will be able to participate in the NASA’s acceleration programme, says  Minister of the Economy and Innovation Virginijus Sinkevičius at the meeting with NASA’s representatives in the US.

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. 

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 ...

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 ...

2019 04 10
Ministry of the Economy and Innovation has defined start-up concept by law

The Government approved amendments proposed by the Ministry of the Economy and Innovation in the Law on the Development of Small and Medium-Sized Enterprises, which define a long-used start-up term which has not been included in the legislation so far. It is determined that start-up shall mean a very small or small enterprise that has a big potential of ...

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 ...

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 ...

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 automatic recognition-related amendments to the Law on the Recognition of Regulated Professional Qualifications drawn up by the Ministry of the Economy and Innovation were approved by the Government on Wednesday. 

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