EconomyDuring a session at the Ukraine Recovery Conference, Minister of the Economy and Innovation Aušrinė Armonaitė, together with UK Foreign Secretary James Cleverly and Croatian Foreign Minister Gordan Grlić Radman, discussed the importance of this conference, which has been held not for first time now, efforts to rebuild Ukraine, and the goals set by the countries. Lithuania’s total military, humanitarian and financial assistance to Ukraine is estimated to have reached €1 billion, representing 1.42% of GDP for 2022. The development of fifth-generation mobile connectivity (5G) was recognised as a project of national importance by the Government on Wednesday. The status of a project of national importance will enable sustainable development of the electronic communications infrastructure, i.e. it will allow faster and more efficient preparation of spatial planning documents and implementation of the planned solutions in communications infrastructure. After the decision to set up a new Anti-Money Laundering Agency (AMLA) at the European Union (EU) level, Lithuania participates in the selection process and welcomes the settlement of this important financial sector institution in Vilnius. At the event “AMLA – We Are Waiting For You in Vilnius” Minister of Finance Gintarė Skaistė stressed that Lithuania’s biggest advantage was a large pool of competent professionals, a dynamic financial sector ecosystem and a high quality of life in Vilnius. European Commission allocates €394 million for the Rail Baltica project in Lithuania2023-06-22, 15:45Exciting news from the European Union: the European Commission has allocated almost €1 billion (€928 million) for the implementation of the European gauge railway Rail Baltica, of which €394 million has been allocated to Lithuania. This is the largest funding Lithuania has ever received from the Connecting Europe Facility (CEF). New rules boosting rail passenger rights across the EU, including better support in case of delays and more assistance for people with a disability, came into effect in June 2023. Lithuania is Making Contribution to Further European Investment Bank Support to Ukraine2023-06-20, 14:20Vice-Minister of Finance Mindaugas Liutvinskas, participating in the annual meeting of the Board of Governors of the European Investment Bank (EIB), announced Lithuania’s commitment to allocate EUR 10 million to the EIB’s newly established Trust Fund designated for financing needs of reconstruction of Ukraine in the short term (EU4U Fund). The International Monetary Fund: the Second Half of This Year Should Be More Favourable for the Lithuanian Economy2023-06-19, 15:53The International Monetary Fund (IMF) mission led by Borja Gracia, which completed its work in Lithuania today, notes that although the Lithuanian economy is facing difficulties in the first half of this year, and the situation in the context of Russia's war against Ukraine continues to be rather uncertain, with decreasing inflation, rising wages and increasing population purchasing power and with the recovery of external demand, the second half of this year should be stronger in terms of economic development. The IMF experts emphasize that in the short term, the most important thing is to manage inflation and ensure the financial stability of the country in the face of challenges, while looking into the future, it is important to increase the productivity of the economy by implementing structural reforms. Lithuania borrowed EUR 1.25 billion in the international capital markets by issuing a 10-year Eurobond. Rail Baltica: Repeat calls for tender for the preparation and implementation of projects for land acquisition for public purposes2023-06-13, 10:01LTG Infra – the company responsible for implementation of the Rail Baltica project in Lithuania – has repeated four calls for tender for the purchase of services for the preparation and implementation of projects for land acquisition for public purposes. The contract is planned to be signed this year. Minister and McDonald's Vice President discuss plans for expanding the corporation in Lithuania2023-06-12, 18:14Minister of the Economy and Innovation Aušrinė Armonaitė met with Jon Banner, Executive Vice President of McDonald's, who is visiting Lithuania, to discuss the corporation's plans for expanding its operations in Lithuania and the investment climate in the country. |
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