EconomyPlug and Play, a US-based startup accelerator, has officially presented its acceleration program and plans in Lithuania, following an agreement with the Ministry of Economy and Innovation. According to the agreement, the renowned Silicon Valley accelerator will help 60 innovative companies in Lithuania over almost 3 years. The second offshore wind farm tender is expected to be launched on 15 January 20242023-10-24, 13:52Following the European Commission’s approval of the support scheme for offshore wind farm development, and after public consultations with market participants, the Ministry of Energy proposes to launch the second offshore wind farm tender on 15 January 2024. The proposal by the Ministry of Energy still needs to be approved by the Government. Statistics of Lithuanian Airports: the third quarter of this year continued to demonstrate growth in aviation volumes2023-10-23, 14:04In the third quarter of this year, the aviation indicators of Lithuanian Airports continued to improve, and in September alone the company handled almost 8.5% more passengers than in the same month last year. The results of the third quarter of this year show that passenger traffic at Lithuanian airports was 5% higher (compared to the same quarter of 2022) and 4% more flights were handled. The distribution of the third issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 27.5 million and 2,114 transactions were made. Residents will be paid 3.8 per cent of annual interest on this new one-year GSN issue. A. Armonaitė discusses innovation in Lithuania's public sector with Google representatives2023-10-19, 19:23On Thursday, Minister of the Economy and Innovation Aušrinė Armonaitė will meet with Levente Juhasz, Head of Policy for Lithuania at Google. The meeting will discuss artificial intelligence, security, innovation in the public sector (GovTech) and an introduction to the soon-to-be-launched digital marketing and analytics programme in Lithuania. Rail Baltica is set to receive an additional 1.1 billion euros for the next phases of the project implementation2023-10-18, 18:32Today, Rail Baltica joint venture of the Baltic States, RB Rail AS, announced the signing of an additional cross-border Grant Agreement for Connecting Europe Facility (CEF) funding, which amounted to 928 million euros CEF support. This substantial funding, combined with national co-financing from the three Baltic States, will exceed 1.1 billion euros, enabling necessary activities for further high-speed infrastructure development. With the funding available from the newly signed financing agreements and from previous calls, the Rail Baltica global project has secured financing for the construction activities covering approximately the first 130 km of the Rail Baltica mainline. The EU is creating a Strategic Technologies for Europe Platform (STEP) to support key technologies and strengthen European sovereignty. At the invitation of Minister of the Economy and Innovation Aušrinė Armonaitė, Kwak Noh Jung, CEO of SK Hynix, one of the world's leading semiconductor companies, is visiting Lithuania to discuss cooperation and investment opportunities. In July, during her visit to South Korea, the Minister introduced the Lithuanian laser sector to SK Hynix representatives. In accordance with the recommendations of the Organisation for Economic Co-operation and Development, the Bank of Lithuania has published the annual data on foreign direct investment (FDI) by the ultimate investing country for 2022. The distribution of the second issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 44.2 million and 3,014 transactions were made. Residents will be paid 3.8 per cent of annual interest on this new one-year GSN issue. |
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