EconomyIndividuals, businesses and other organisations purchased defence bonds for EUR 3.4 million during the fourth issue placement, where 251 transactions were concluded. Following the launch of the distribution of defence bonds this year, buyers purchased these bonds for a total of EUR 16.7 million through four issues. The funds raised will be used for the acquisition of important weapons, such as anti-drone systems. The Government has approved a proposal of the Ministry of the Economy and Innovation (EIMIN) to designate the State Agency for Digital Solutions (SADS), under the Ministry, as the competent authority and single point of contact to ensure the smooth implementation of the European Interoperability Act. Seimas approves amendments to accelerate the development of artificial intelligence in Lithuania2025-01-16, 15:26The Seimas has approved a proposal by the Ministry of the Economy and Innovation (EIMIN) to further accelerate the development of Artificial Intelligence (AI) in Lithuania. We are one of the first countries in the European Union (EU) to launch a pilot AI regulatory environment (the so-called "AI sandbox"). According to the Vice Minister of the Economy and Innovation Andžej Trachimovič, these developments offer huge potential for our economy as a whole, allowing Lithuanian companies to accelerate innovation and compete in the global market. Lietuvos bankas published the balance of payments for November 2024, which shows that: Ministry of the Economy and Innovation: Revision of export control measures for dual-use goods2025-01-14, 10:27Ministry of the Economy and Innovation has drafted a government decree clarifying the export control mechanisms for dual-use goods. These measures are aimed at ensuring the effectiveness of the sanctions against Russia and reducing the negative impact on the Lithuanian economy. The draft decree is expected to be discussed at the next government meeting after a public consultation. Lietuvos bankas: updated supervisory policy focuses on consumers and financial market participants2025-01-13, 18:48The updated Financial Market Supervision Policy of Lietuvos bankas is to enter into force on 1 January 2025. It highlights the key principles, reflects the latest practices and recommendations of international institutions as well as enhances the focus on the quality of services provided to consumers and on a dialogue with financial market participants. The Ministry of Finance has informed the European Commission that it has selected another project of strategic importance under the 2021-2027 European Union Funds Investment Programme, namely the reconstruction of a longer than 12 km section of the A5 Kaunas-Marijampolė-Suvalkai main road, from 85 km to 97.06 km. The Government has approved a proposal of the Minister of the Economy and Innovation, Lukas Savickas, to allow large investors to extend deadlines for investments, job creation and wage commitments. Amendments to the Law on Investments will be submitted to the Seimas for consideration next week. On Wednesday, Minister of the Economy and Innovation Lukas Savickas will submit to the Government for consideration an amendment to the Law on Investments, which will allow large investors to extend the deadlines for investments, job creation and wage commitments. These amendments have been initiated in view of the practical difficulties faced by investors implementing large projects. Lietuvos bankas published the monetary financial institution (MFI) balance sheet and interest rate data for November 2024, which show that: |
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