Jovita Neliupšienė, Vice-Minister of the Economy and Innovation, who is on an official visit to Taiwan, will discuss the possibility of economic agreements in specific areas in meetings with representatives of local authorities, academia and business. She will also visit the National Life Sciences Research Park and meet with representatives of the local ...

Ministry of the Economy and Innovation believes that it would be appropriate to extend the 9% VAT rate for catering establishments, sports clubs, cinemas and events for another year, as these businesses have not yet recovered from the negative effects of the coronavirus pandemic. The reduced rate for accommodation ...

Ministry of the Economy and Innovation has provided contracting authorities with further clarifications and solutions for reviewing fixed prices in the existing contracts or providing for the possibility to do so in the context of the award of new contracts. 

Minister of the Economy and Innovation Aušrinė Armonaitė attends a meeting of the Competitiveness Council of the European Union in Luxembourg . According to the Minister, the main focus today must be on restoring and consolidating disrupted supply chains in Ukraine . This requires the extension of the project “Rail Baltica” and the ...

Lithuanian businesses affected by the war in Ukraine can now apply to financial institutions that have entered into cooperation agreements with Investment and Business Guarantees UAB (INVEGA) for working capital and investment loans and leasing transactions, which will be covered by individual aid guarantees.  

The Innovation Agency, established by the Ministry of Economy and Innovation based on best practices abroad, started operations. On Monday, at the opening event of the Agency's new office, the head of the Agency, Romualda Stragienė, who has extensive experience in private business, was also introduced.  

Having met with Michelle Simmons, General Manager of the Central and Eastern Europe Division of the US technology corporation Microsoft, and other representatives of the division on Friday, the Minister of Economy and Innovation Aušrinė Armonaitė invited them to expand the company's activities in Lithuania. 

The Minister of Economy and Innovation Aušrinė Armonaitė met with representatives of state-owned enterprises (SOEs) to discuss the potential contribution of SOEs to the reconstruction of Ukraine's war-torn economy. It was discussed that the objectives of the companies should be more closely linked to ...

The European Commission has approved a new aid instrument for Lithuanian businesses affected by the war in Ukraine - guarantees for working capital and investment loans, and financial leasing transactions - prepared by the Ministry of Economy and Innovation. 

Where do tourists visiting Lithuania go during the day, how do they travel, how long do they stay in a particular place? This data, which is of great interest to the country and the tourism industry, will now be available on a new online tourist mobility map. This innovation should bring significant changes to Lithuania's tourism sector, helping ...

The Seimas has approved amendments to the Law on Employment drafted by the Ministry of Economy and Innovation. In accordance with the new provisions, highly skilled biotechnology, engineering, IT and physical sciences’ specialists attracted from abroad, as well as companies employing them, will be allocated lump-sum payments.

To ensure data security, for the first time in Lithuania's history, the storage of encrypted copies of Lithuania's most essential registers has been started not only in Lithuania but also in one of the NATO countries' data centers. Data security will also be guaranteed by the amendments to the Law on Management of State Information Resources adopted today in ...