Economy“LOT Polish Airlines” expands its operations at Vilnius Airport: from the end of March it will add additional flights between Vilnius and Warsaw2023-03-14, 17:57LOT Polish Airlines will add four additional weekly scheduled flights between Vilnius and Warsaw from 28 March, following the current 28 weekly flights between the two capitals. Tickets for the existing and additional flights are already on sale on the airline's official website. The Ministry of Finance and the Bank of Lithuania prepared the draft law aimed to channel part of unexpected banks’ profits to finance military mobility and military transport infrastructure projects. The initiative proposes to set impermanently the rate of 60 % for the temporary solidarity contribution on net interest income of banks and credit institutions, which is above more than 50 % increase of the average net interest income in 4 normal financial years. Following the proposed draft law, the temporary solidarity contribution would be paid for 2023 and 2024. A.Armonaitė signs agreement on cooperation in life sciences during her visit to Italy2023-03-10, 16:48The 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. Last year, according to preliminary data, cargo transportation in the Lithuanian transport sector decreased by about 17%, however, 48% more passengers were transported by various modes of transport, whereas, the number of passenger flow at airports has more than doubled. The effect of inflation and increasing demand for transportation services ensured the growth of services export (24%) and generated income (22%), which is stated in the Transport Sector Overview 2022 prepared by the Ministry of Transport and Communications. Lithuania presents initiative for shortest transport corridor between Ukraine and Baltic ports2023-03-08, 11:55Lithuania and Ukraine intend to develop new transport corridors from Klaipėda to Odesa and other Ukrainian ports, improve the rail connections between the countries and increase the volume of freight transport. 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 establishment of the venture capital funds ScaleWolf Accelerator and ScaleWolf VC by UAB Investicijų ir verslo garantijos (INVEGA), whose managers will implement the MILInvest financial instrument. 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. Rail Baltica: 8.6 million euro contract signed for construction works towards the border of Latvia2023-03-04, 16:22LTG Infra, the company implementing the Rail Baltica project in Lithuania, signed an 8.59 mln euro (inc. VAT) contract with the Latvian company A.C.B. AS. The latter is the winning tenderer in the procurement procedure for the construction of access roads in the section Žeimiai-Šėta (Jonava-Kėdainiai District). M. Skuodis: We strive to develop transport relations with Sweden by planning new shipping lines from Klaipėda2023-03-02, 14:34Lithuania aims to strengthen cooperation with Sweden in the transport and logistics sectors by planning new cargo and passenger shipping lines between Klaipėda and Stockholm and implementing Klaipėda Seaport development and sustainability projects. Lithuanian Minister of Transport and Communications Marius Skuodis discussed these opportunities after meeting with the management of the Port of Stockholm and Minister for Infrastructure and Housing of Sweden Andreas Carlson. The Legal Affairs Committee adopted its position on a new scheme to ensure the geographical indication of traditional crafts is protected in the EU and globally. |
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