The Ministry of Economy and Innovation and INVEGA are launching a new venture capital financial instrument “Development Funds III”, announcing the selection of venture capital fund managers.

In order to strengthen the representation of Lithuania's economic interests in the strategically important French market, the network of our country's Commercial Attachés in France is being expanded. Otilija Snieškaitė will take up the post of Commercial Attaché of the Republic of Lithuania from today, 20 March. 

Lithuania’s Ministry of the Economy and Innovation has initiated a 13-million EUR public tender to attract an internationally-acclaimed startup accelerator to the country. This move aims to better harness the potential of the Lithuanian startup ecosystem.

Minister of the Economy and Innovation Aušrinė Armonaitė today met with the Palestinian Minister of the Economy Khaled Osaily and leaders of the Palestinian business community to discuss the development of economic relations and the opportunities for Lithuanian ...

Minister of the Economy and Innovation Aušrė Armonaitė, who is visiting Italy, met with Adolfo Urso, Minister of Italian Enterprises and Made in Italy, to discuss the prospects for cooperation in the life sciences and other sectors, as well as the reconstruction of Ukraine.

The Minister of the Economy and Innovation, Aušrinė Armonaitė, is currently visiting Italy with a Lithuanian business delegation. The aim of the business mission, which consists of more than twenty business representatives, is to strengthen cooperation in the field of life sciences. 

Very small, small and medium-sized enterprises operating in the Lithuanian defence and security sector will soon be able to benefit from state financial assistance through the MILInvest venture capital financing instrument. The facility provides €13.5 million in funding for businesses from the Defence Investment Fund. This was confirmed by the ...

The Ministry of Economy and Innovation is launching a EUR 300,000 call for companies operating in both the Capital Region and in Central and Western Lithuania to participate in international research, experimental development and innovation (R&D&I) initiatives. This is another measure in the planned EUR 1 billion ...

Karolis Žemaitis, Deputy Minister of the Economy and Innovation, who is on a working visit to India, attended the opening of the Honorary Consulate of Lithuania in Hyderabad and discussed with the new Honorary Consul of Lithuania, Dr. Kiran Divi, the opportunities for closer cooperation in the fields of pharmaceuticals and medical research. ...

The Lithuanian delegation led by Karolis Žemaitis, Vice-Minister of the Economy and Innovation, is strengthening cooperation in the laser and industrial fields in Taiwan. 

Lithuania will be a candidate for the Executive Council of the United Nations World Tourism Organisation (WTO) for the period 2023-2027. This decision of the Ministry of the Economy and Innovation was approved today by the Government.

Ministry of the Economy and Innovation is investing in the automation of business processes in business service centres in Lithuania. From the €1 billion economic stimulus package, a €3 million call for project implementation plans has been launched for business service centres wishing to automate their business processes. The ...