EconomyThe new regulation replaces measures due to expire on 30 June 2026 and will help protect the EU steel industry from the negative effects of a global steel surplus. Unexpected financial situations can arise at any time. A sudden car issue, an urgent medical expense, or a broken household appliance may require immediate attention and financial resources. In such moments, waiting weeks to arrange funds may not be practical. This is where quick financial solutions can become valuable, offering individuals the ability to address urgent needs without significant delays. The latest Global Entrepreneurship Monitor (GEM) 2025/2026 global report shows that Lithuania is the leading country in Europe in terms of the quality of its entrepreneurial environment and ranks among the world's strongest economies in this area. The Ministry of the Economy and Innovation (EIMIN) has awarded nearly €12.6 million to 155 micro, small and medium-sized enterprises (SMEs) across Lithuania, to help them prepare to export their products and services to foreign markets. Funding was also allocated to companies in the defence and security industries. Six companies in the capital region and three in central and western Lithuania received funding. Lithuanians support the Rail Baltica project: highlight its importance for security and the economy2026-03-02, 16:27The majority of Lithuanian residents believe that Rail Baltica will stimulate the country’s economic growth, improve military mobility, and contribute to regional security, according to a survey conducted by the research agency Norstat in Lithuania, Latvia, and Estonia. Strengthening cooperation between Lithuania and Poland in the field of artificial intelligence E. Grikšas to visit Warsaw2026-01-27, 18:19On 26–27 January, the Minister of the Economy and Innovation, Edvinas Grikšas, will pay a working visit to Warsaw, where he will meet with the Polish ministers responsible for digitisation, the economy, and technology. During the visit, an agreement on cooperation in the field of artificial intelligence (AI) is also planned to be signed between Lithuania and Poland. It is proposed to ratify the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income2026-01-26, 12:24The Government approved the proposal of the Ministry of Finance to ratify the Convention between Lithuania and Pakistan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The Convention was signed on 23 September 2025 in New York and is a significant part of the consistent development of Lithuania’s network of double taxation conventions. the Seimas approved the amendments to the Constitutional Law on the Implementation of the Fiscal Treaty and related laws prepared by the Ministry of Finance, which update the fiscal governance rules in Lithuania, aligning them with the European Union’s fiscal governance framework reformed in 2024. At the Capital Markets Conference, Minister of Finance K. Vaitiekūnas: "Challenging times create opportunities for breakthroughs"2025-12-01, 16:47Minister of Finance Kristupas Vaitiekūnas, who is attending the Baltic Capital Markets Conference in Riga, emphasizes that Russia’s war against Ukraine has fundamentally changed Europe’s security situation, but this challenging time offers opportunities for breakthroughs in various areas, including financing and investment. EU budget 2026: After nearly 15 hours of negotiations, the Council and the Parliament reached an agreement2025-11-21, 11:54On the night of 15 November (Saturday), after nearly 15 hours of negotiations in Brussels, the European Parliament (EP) and the Council of the European Union reached an agreement on the European Union's (EU) budget for 2026, which is the sixth under the EU's Multiannual Financial Framework for 2021-2027. |
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