For industrial enterprises, efficient fuel storage is essential for seamless operations and cost optimisation. An underground fuel tank provides a reliable solution for companies requiring substantial fuel reserves while addressing space and environmental concerns. In British conditions, where land use is often tightly regulated, and environmental standards are stringent, underground tanks offer unique advantages. Built from steel with additional corrosion protection, these tanks ensure longevity, compliance, and practicality for industrial applications.

The European Commission (EC) disbursed EUR 463 million to Lithuania under the third supplemented payment request for the plan "New Generation Lithuania ". So far Lithuania has already received almost EUR 1.4 billion for the implementation of the plan "New Generation Lithuania".

The Ministry of the Economy and Innovation has signed a major investment project contract with UAB Narbutas International for the construction of a new furniture factory in Ukmergė district. The project will create 300 new jobs and involve an investment of at least EUR 110 million.

The Ministry of the Economy and Innovation is launching a €54.89 million call to support the sustainable transformation of Lithuanian industry. The call will enable industrial enterprises in the country to invest in improving energy efficiency, thereby reducing energy intensity and harmful gas emissions.

The international credit rating agency S&P Global Ratings published a report on Lithuania, in which it assessed the prospects of the country's economy. It is noted that the Lithuanian industry is more resilient than its Baltic neighbours, the implemented fiscal policy, stable and low level of the state debt are positively evaluated.

Lithuanian industry will be able to develop more innovative environmentally friendly products and meet international sustainability requirements more easily. The Ministry of the Economy and Innovation plans to allocate €10 million of European Union (EU) investment funds for this purpose.

Lithuania and Rheinmetall are beginning construction of a modern production plant for 155mm artillery ammunition. The necessary contracts, including a land lease agreement and a framework agreement for the procurement of 155mm ammunition, were signed at a ceremony held on 29 November 2024. The Prime Minister of Lithuania, Ms Ingrida Šimonytė, the Lithuanian Minister of the Economy and Innovation, Ms Aušrinė Armonaitė, and the Lithuanian Minister of National Defence, Mr Laurynas Kasčiūnas, attended the event.

Individuals, businesses and other organisations purchased defence bonds for EUR 2.3 million during the second issue placement, where 369 transactions were concluded. The funds raised will be used for the acquisition of major weapons, such as various anti-drone systems. Following the launch of the distribution of defence bonds this year, buyers purchased these bonds for more than EUR 11 million in total through two issue placements.

The Ministry of the Economy and Innovation has allocated €15.34 million to 17 projects to encourage foreign investors to carry out research and experimental development (R&D) activities in Central and Western Lithuania.

The Ministry of the Economy and Innovation has submitted to the Seimas for consideration amendments to the Law on Accelerating the Development of Artificial Intelligence (AI) in Lithuania. They will help speed up the implementation of the European Union (EU) law on artificial intelligence.