German sustainable construction company Nokera has signed an investment agreement with the Ministry of the Economy and Innovation, which plans to invest EUR 41.1 million in the construction of its new plant in Rudamina (Vilnius district). The plant is expected to create 300 new jobs over the next few years, of which approximately half ...

The New Opportunities LT aid measure worked out by the Ministry of the Economy and Innovation will help small and medium-sized businesses to look for new markets and partners. This is particularly relevant for companies affected by unofficial Chinese sanctions. Up to EUR 5 million is planned for the measure; applications can be submitted already now. 

Foreign tourists can already enter Lithuania more easily; from 15 February, no restrictions are imposed on citizens from the EU and the EEA. Also, an entry ban is lifted for nationals of countries that have joined the EU Digital COVID Certificate. The entry ban for foreigners from other third countries will be lifted on 31 March.

After the meeting with Ming-Hsin Kungu, Minister of the National Development Council of Taiwan, that was held remotely on Tuesday, Aušrinė Armonaitė, Minister of the Economy and Innovation, said that she welcomes the investments that Taiwan plans to make in Lithuania, and is looking forward for ...

The Ministry of the Economy and Innovation signed a major investment project agreement with VMG Technics, an international investment company which belongs to the VMG Group.  This company is creating an Industrial Innovation Park in Klaipėda, will invest up to EUR 50 million and create about 150 new jobs.

The Ministry of the Economy and Innovation and the Export-Import Bank of the United States (EXIM) have signed a cooperation memorandum to strengthen Lithuanian-US trade cooperation in goods and services.

In a meeting with members of the American Chamber of Commerce on Monday, Minister of the Economy and Innovation Aušrinė Armonaitė talked about Lithuania’s investment climate and discussed opportunities to promote business relations and attract new investors to Lithuania.

The largest Taiwanese business delegation in Lithuania’s history starts work on Wednesday. During a three-day visit, businessmen and officials of this country will participate in the Lithuanian-Taiwan Trade and Investment Forum, visit Lithuanian companies and sign cooperation agreements with Lithuanian counterparts.

In the UAE, Minister of the Economy and Innovation Aušrinė Armonaitė together with Prime Minister Ingrida Šimonytė and a Lithuanian Business Delegation will present Lithuania’s investment environment to representatives of the UAE Government and businesses and will discuss possibilities ...

The National Certificate is already available to Lithuanian citizens who have been vaccinated against COVID-19 or have had coronavirus abroad.

Minister of the Economy and Innovation Aušrinė Armonaitė and Belarusian opposition leader Sviatlana Tsikhanouskayja opened a Belarusian business start-up centre Imaguru in Vilnius; the centre’s space will be used by Belarusian businesses moving to Lithuania.  

To ease the borrowing burden on SMEs the European Guarantee Fund (EGF) will guarantee loans from the ‘Startuok’(start up) financial instrument of INVEGA. The total potential loan portfolio will make EUR 57 million.