On the basis of the economic growth recorded at the beginning of the year, the Lithuanian economy will grow 2.6% in 2025. Inflation will rise to 3.5% this year. The unemployment rate is expected to reach 7.1% this year, while wage growth is expected to remain robust and reach 8.5%. This is foreseen in the updated economic development scenario of the Ministry of Finance.

At the initiative of the Ministry of the Economy and Innovation (EIMIN), green industry projects in Lithuania should be implemented more quickly and easily. These projects will be granted European Union (EU) and national status, simplifying the permit issuance procedure, increasing the competitiveness of Lithuanian industry and reducing environmental pollution. The Government has approved these changes.

Electronic money (EMI) and payment institutions (PI) providing payment services will be able to gain direct access to the TARGET payment system operated by the Eurosystem as of 6 October, except for the T2S system used for settling securities.

Ministry of the Economy and Innovation (EIMIN) has announced a call for proposals from micro, small and medium-sized enterprises (SMEs) planning to expand their activities abroad. The total funding available is more than €12 million. The funding is intended to promote the export of Lithuanian products and help companies establish themselves in international markets.

The bond issue planned to be placed this year by the state-owned company State Investment Capital (VIK) will be guaranteed by the State. The company is an indirect shareholder in the Lithuanian artillery ammunition factory project of Rheinmetall Defence Lietuva UAB. On Wednesday, the Government approved the proposal of the Ministry of Finance to grant a State guarantee to VIK for 10-year debt securities of up to EUR 54.5 million, the funds of which will be channelled to finance the artillery ammunition factory in Baisogala.

The Minister of the Economy and Innovation, Lukas Savickas, and his partners have signed a cooperation agreement for the establishment of the Vytis defence and security innovation development, testing and certification centre. The centre is expected to begin operations in just over two years, with investments reaching up to €20 million.

Lithuania submitted the fourth payment request under the Recovery and Resilience Facility (RRF) to the European Commission (EC). It is planned that after receiving a positive assessment from the EC, Lithuania would receive EUR 515 million in December 2025, net of advances. After the European Commission approves the fourth payment request, Lithuania will have received EUR 2.3 billion from the RRF funds.

The Ministry of the Economy and Innovation (EIMIN) is looking for a commercial attaché in Poland, offering an opportunity to strengthen bilateral cooperation.

Ministry of the Economy and Innovation (EIMIN) has signed a large-scale investment agreement with UAB Allive Europe. Under this agreement, a €21.6 million investment project will be implemented in the Kaunas district. The project plans to create 34 new jobs and expand and modernise the company's production capacity by integrating the entire supply chain, from ingredient cultivation to the creation of high-value products.

From 28 June to 4 July, Minister of the Economy and Innovation Lukas Savickas visited South Korea, where was accompanied by a Lithuanian business mission from the laser sector. The visit aims to open new export markets, present high value-added Lithuanian technologies and strengthen cooperation with South Korean industry and investors.