Vilnius Airport, located in the capital of Lithuania, is catching up with pre-pandemic records and plans further steady growth. A new departure terminal is already under construction at Lithuania's largest civilian airport and is scheduled to open in 2025. The terminal will not only increase the airport's capacity by more than 14,000 square metres, but will also significantly expand commercial space for retailers, caterers, and other service providers.

The Ministry of Finance has prepared the Lithuanian Green Finance Action Plan for 2023-2026, which provides for allocation of public and private investor funds to green, environmentally neutral projects. By 2030, the transition to a green economy will require at least EUR 14 billion, of which almost 10 EUR billion are expected to be covered by public funds. The plan will provide a significant boost in increasing the competitiveness, resilience and sustainability of the Lithuanian economy.

Minister of Finance Gintarė Skaistė publicly presented an improved package of tax proposals, in the axis of which – even more integrity. According to the Minister, the improved drafts aim at a fairer and more balanced tax system, encouraging businesses to grow and invest in line with the objectives of the Green Agenda, and at the development of innovation, creating incentives for more convenient tax payment.

The European Commission’s Ignalina Programme Monitoring Mission took place in Vilnius and Visaginas on 27–31 March to assess the decommissioning progress of Ignalina Nuclear Power Plant (INPP), discuss short and long-term challenges, and visit INPP facilities.

Minister of Economy and Innovation Aušrinė Armonaitė, together with a Lithuanian business delegation of 25 companies, visited Oman, where she met with representatives of Omani companies and invited them to come to Lithuania to learn more about the life sciences ecosystem and to participate in the life sciences event Life Sciences Baltics 2023 in Vilnius in September.

The Bank of Lithuania published the monetary financial institution (MFI) balance sheet and interest rate data for March 2023, which show that:

At the meeting Minister of Finance Gintarė Skaistė and European Commissioner for Economic Affairs Paolo Gentiloni discussed that more than EUR 500 million under the first payment application will reach Lithuania in mid-May. At the meeting, the politicians also debated the planned supplementation of the plan “New Generation Lithuania” by up to EUR 1.9 billion and its further implementation. They also discussed the ongoing review process of the EU fiscal rules.

As part of his working visit to Germany, President Gitanas Nausėda met on Thursday with Joerg Bongartz, Chief Executive Officer for North and Eastern Europe at Deutsche Bank, and Lothar Meenen, the bank’s Head of European Affairs. The meeting focused on the advantages of Lithuania’s investment environment, the bank’s possible expansion plans and the prospects for closer cooperation with Lithuania.

A call for the submission of hydrogen refuelling station project implementation plans has been officially announced. There are plans to encourage the installation of four public refuelling stations in Lithuania by 2026. EUR 3.6 million have been earmarked for this from the Recovery and Resilience Facility (RRF). The first hydrogen refuelling station is already expected to be installed in Lithuania in late 2024.

If a standard five-storey building was to stand in the middle of the Klaipėda port waters today, it would be completely underwater. The port waters and entrance channel dredging project that began at the Port of Klaipėda in 2020 has been completed. 15.5 metres – this is now the depth of the Port of Klaipėda ship channel, and the harbour master will be issuing an order to increase the maximum permissible draught to 14.3 metres in the near future. This, one of the most important projects of recent years, opens up new opportunities for the port.