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.

Assisted by the European Commission, local and foreign experts, the Ministry of the Economy and Innovation has worked out a Roadmap for the integration of the Lithuanian Industry into European Value Chains proposing specific steps on how to strengthen the national competitiveness as well as economic and technology ...

Minister of the Economy and Innovation Aušrinė Armonaitė is visiting Chicago, where she will meet potential US investors and present Lithuania’s life science achievements. 

Minister of the Economy and Innovation Aušrinė Armonaitė will meet leaders of German automotive industry in Munich this week; she will invite them to invest more actively in Lithuania and cooperate with Lithuanian companies already working with German car manufacturers.

Lithuania has come up with an attractive deal for independent travelers: stay three nights in the country but pay only for two. Up to 500 Lithuanian hotels, B&Bs, and other short-term accommodation providers have teamed up with the government for this campaign to offer the first 10,000 travelers who ...