Ambitious, showing solidarity, effective and therefore significant: this is a plan that today the Ministry of Finance has submitted to the Government together with the Ministry of Social Security and Labour, the Ministry of Economy and Innovation, the Ministry of Health, and the Bank of Lithuania. It is planned that 10% of the country’s gross domestic product (GDP) will be allocated for the implementation of all measures, which will amount to EUR 5 billion. This is an unprecedented injection of the Government into the country’s economy.

The Lithuanian government endorsed on Monday an unprecedented 5-billion-euro economic stimulus package to help mitigate the negative impact of the coronavirus-sparked crisis on workers and businesses.

The European Commission is proposing to direct 37 bn euros under EU cohesion policy to the fight against the coronavirus crisis.

The Lithuanian Transport Ministry has invited applications for the post of CEO at the Klaipeda State Seaport Authority.

Viada LT, the operator of former Lukoil filling stations in Lithuania and Latvia, has posted a net profit of 6.565 mln euros for 2019, up 36.7% from 4.804 mln euros in 2018.

The first train with Russian oil for Belarus, delivered by a tanker to Klaipeda on Wednesday, is expected to depart for the neighboring country on Thursday evening.

Green Genius, a renewable energy company which is part of the Modus Group owned by Lithuanian businessman Kestutis Martinkenas, is launching operations in Hungary and Romania and plans to invest over 300 mln euros into solar energy projects in these countries.

A new large shipment of liquefied natural gas (LNG) from Norway is on its way to the Lithuanian port of Klaipeda, marking the ninth delivery of Equinor gas and the 30th LNG cargo in the new gas year that started on October 1.

FL Technics, an aircraft maintenance, repair and overhaul (MRO) services provider controlled by Lithuanian businessman Gediminas Ziemelis, has purchased Flash Line Maintenance, an Italian company providing aircraft maintenance services in the Mediterranean region.

Swedbank has has began providing the option to receive payments by American Express cards in Estonia, Latvia and Lithuania.