Trade MEPs on Monday welcomed the achievements of the agreement between the EU and the UK but promised detailed scrutiny of the deal before a consent decision.

Last week, electricity in Lithuania, as well as in other Baltic countries, rose in price by 24%, and its wholesale price reached 39.54 Eur / MWh.

The Commission has announced on 6th January the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among them, the French company CorWave is the first EU company in which the EIC Fund is investing.

Clothes, footwear and household textiles are responsible for water pollution, greenhouse gas emissions and landfill.

The European Commission has approved German plans to contribute up to €1.25 billion to the recapitalisation of TUI AG (TUI), the parent company of the TUI Group, as part of a wider support package. The measure was approved under the State aid Temporary Framework.

The Seimas adopted the budget for 2021, which focuses on containing the effects of coronavirus.

Lithuanian President Gitanas Nauseda signed the 2021 budget bill with a deficit target of 7% of GDP into law on December 29th.

Up to two tons of crude oil spilled on Monday from the loading buoy at the Butinge oil terminal of the Polish-owned Lithuanian oil refining and import company Orlen Lietuva, the Environment Ministry said, based on preliminary data. No oil has been detected on the Baltic Sea coast from Sventoji to Liepaja after Monday's spill at the Butinge crude terminal, the Lithuanian unit of Poland's oil group Orlen said.

Lithuanian company Cargo Stream, developing a digital logistics management system, is expanding to France and is establishing a joint enterprise in the port of Dunkerque with local investors.

LTG Infra, the infrastructure subsidiary of Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), has took over the ownership of land necessary for the construction of the European-gauge railway Rail Baltica's stretch from Kaunas to the border with Latvia.