Lithuania and Ukraine intend to develop new transport corridors from Klaipėda to Odesa and other Ukrainian ports, improve the rail connections between the countries and increase the volume of freight transport.

Very small, small and medium-sized enterprises operating in the Lithuanian defence and security sector will soon be able to benefit from state financial assistance through the MILInvest venture capital financing instrument. The facility provides €13.5 million in funding for businesses from the Defence Investment Fund. This was confirmed by the establishment of the venture capital funds ScaleWolf Accelerator and ScaleWolf VC by UAB Investicijų ir verslo garantijos (INVEGA), whose managers will implement the MILInvest financial instrument.

Karolis Žemaitis, Deputy Minister of the Economy and Innovation, who is on a working visit to India, attended the opening of the Honorary Consulate of Lithuania in Hyderabad and discussed with the new Honorary Consul of Lithuania, Dr. Kiran Divi, the opportunities for closer cooperation in the fields of pharmaceuticals and medical research.

LTG Infra, the company implementing the Rail Baltica project in Lithuania, signed an 8.59 mln euro (inc. VAT) contract with the Latvian company A.C.B. AS. The latter is the winning tenderer in the procurement procedure for the construction of access roads in the section Žeimiai-Šėta (Jonava-Kėdainiai District).

Lithuania aims to strengthen cooperation with Sweden in the transport and logistics sectors by planning new cargo and passenger shipping lines between Klaipėda and Stockholm and implementing Klaipėda Seaport development and sustainability projects. Lithuanian Minister of Transport and Communications Marius Skuodis discussed these opportunities after meeting with the management of the Port of Stockholm and Minister for Infrastructure and Housing of Sweden Andreas Carlson.

The Legal Affairs Committee adopted its position on a new scheme to ensure the geographical indication of traditional crafts is protected in the EU and globally.

The Lithuanian delegation led by Karolis Žemaitis, Vice-Minister of the Economy and Innovation, is strengthening cooperation in the laser and industrial fields in Taiwan.

On 13-14 February, in Brussels, Minister of Finance Gintarė Skaistė will participate in the meetings of the European Union (EU) finance ministers, where the focus will be made on the Community’s macroeconomic outlook in the face of the war in Ukraine and on the revision of the EU fiscal rules.

Ministry of the Economy and Innovation is investing in the automation of business processes in business service centres in Lithuania. From the €1 billion economic stimulus package, a €3 million call for project implementation plans has been launched for business service centres wishing to automate their business processes. The aim is to create a favourable environment for the development of global centres and to accelerate the growth of this sector.

From the end of March, “Lufthansa”, one of Europe's leading airlines, will operate direct scheduled flights with four of its group airlines for the first time in history at Vilnius Airport. “Lufthansa”, “Swiss”, “Austrian Airlines” and “Brussels Airlines”, all part of the German capital group, will fly passengers to four destinations.