EconomyThe Ministry of the Economy and Innovation has launched an additional call for €8.85 million for Lithuanian industrial companies planning to implement energy-efficient production technologies. ATHENA Sustainability Summer School by VILNIUS TECH welcomes participants from 8 countries2023-09-29, 12:52This week VILNIUS TECH Sustainability Hub launches its first kick-off initiative: Sustainability Summer School. The summer school is organized in the form of a blended intensive programme (BIP): an online session will be held on 18-22nd of September, and on-site session on 25-29th of September. Analytical instrument developed to strengthen evidence-based management of public finances2023-09-28, 15:59The Ministry of Finance has developed an analytical instrument to assess the impact of expenditure and revenue policy decisions on long-term sustainability of the country’s public finances. The debt scenario and sustainability measurement instrument will be extremely relevant for the transition to the three-year budgetary planning and will strengthen evidence and risk-based management of public finances. 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. President Gitanas Nausėda opened and participated in the US-Lithuania Business Forum in Los Angeles, which brought together businesses from both countries operating in technologies, defense industry, net-zero industries, sustainable food production and trade, as well as the maritime sector. On 19 September, the Minister of the Economy and Innovation Aušrinė Armonaitė will meet Richard Lee, CEO of Lotte Biologics, a South Korean company belonging to one of the largest pharmaceutical groups, Lotte Group. G. Skaistė: "Lithuania has all the advantages necessary for a new European AML Authority to be located in Vilnius"2023-09-20, 13:50After the European Union (EU) decided to establish a new Anti-Money Laundering Authority (AMLA), Lithuania is participating in the selection process and has all the necessary advantages for this important institution of the financial sector to be located in Vilnius. This message was delivered today to ambassadors of EU countries based in Lithuania, economic officials, representatives of the European Commission and the European Parliament. At the event, Minister of Finance Gintarė Skaistė noted that Lithuania's greatest advantage is a large number of competent specialists, a dynamic ecosystem of the financial sector and a high quality of life in Vilnius, thus, Lithuania participates in this selection with determination to succeed. President Gitanas Nausėda continues his working visit to New York, where he met with the Lithuanian-American Business Council and a group of US companies focusing on information technology, the financial sector, net-zero industries, defense industry and cyber-security, which are interested in investment in Lithuania and the development of economic cooperation. EUR 1 billion for the Lithuanian economy with EUR 7.5 million to improve employee skills2023-09-18, 15:57Representatives of Lithuanian small and medium-sized businesses are encouraged to develop and improve employee skills. The instrument aimed for this purpose will be open to companies in both the capital and central and western regions of Lithuania and the Ministry of the Economy and Innovation will allocate € 7.5 million. Three-year budgets: ensuring funding continuity and a more sustainable fiscal policy of the country2023-09-15, 16:01On Wednesday 6 of September, the Government approved the amendments to the Law on the Budget Structure and relevant legislation prepared by the Ministry of Finance, which propose to establish a three-year budget. This will ensure the continuity of funding in the medium term and form a more sustainable fiscal policy of the country. It is also expected that the efficiency of the use of budget funds will increase, making it possible for institutions to carry over a part of the unused funds to the following year. The proposed changes would enter into force during the preparation of the draft budget for 2025-2027. |
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