The Government approved a draft law prepared by the Ministry of the Economy and Innovation to increase data availability and re-use. This would increase the efficiency of public and municipal corporations and limited liability companies and save more than €4 million in public funds.

Ministry of the Economy and Innovation encourages innovative Lithuanian start-ups to take advantage of the €20 million Accelerator 2 venture capital facility, financed by the Innovation Support Fund.

Lithuanian Transport and Communications Minister Marius Skuodis, who is attending the United Nations Climate Change Conference (COP28) in Dubai, met with Mark Harper, the United Kingdom's Secretary of State for Transport, to discuss plans and cooperation between the two countries toward sustainability and decarbonisation in the transport and logistics sectors.

On 5th December, the Seimas approved the draft 2024 State budgetary plan prepared by the Ministry of Finance, which focuses on the implementation of the agreement on education and three priority areas consistently identified by the Ministry of Finance: increasing personal income, strengthening security and investing in Lithuania's future. 73 members of the Seimas voted for the draft State budgetary plan, 52 voted against, and 1 abstained from voting.

The Budgetary Control Committee adopted its annual anti-fraud report for 2022 evaluating the efforts in the EU to counter fraud and how to better protect EU funds.

The European Union's Digital Services Act will enter into force in Lithuania on 17 February next year, ensuring safer procedures for the provision and regulation of digital services both in Lithuania and across the EU. This will benefit both businesses and consumers.

The Ministry of the Economy and Innovation, together with the Public Procurement Office, have elected five organisations and companies that have been most innovative and smartest in public procurement as well as those that have applied best management practices in 2023.

The distribution of the fourth issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 26.2 million and 1,781 transactions were made. Residents will be paid 3.8 per cent of annual interest on this new one-year GSN issue.

The Ministry of the Economy and Innovation launches a EUR 6 million call for Lithuanian businesses to develop innovative solutions and digital services using open data.

Minister of the Economy and Innovation Aušrinė Armonaitė met with Donghoon Lee, CEO of SK Biopharmaceuticals, one of the largest pharmaceutical companies in South Korea, to discuss further cooperation in the field of life sciences.