The Government approved a draft Government Resolution prepared by the Ministry of Finance abolishing redundant requirements of the rules on labelling manufactured tobacco, heated tobacco products, ethyl alcohol and alcoholic beverages with special marking, i.e. stamps, thus reducing the administrative burden on business.

From 28 June to 4 July, Minister of the Economy and Innovation Lukas Savickas will visit South Korea, where he will be 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.

The Seimas approved the draft laws prepared by the Ministry of Finance introducing an obligation on crypto-asset service providers to provide the State Tax Inspectorate (STI) with information on their crypto-asset users. These amendments will facilitate the fight against tax fraud, tax evasion and tax avoidance at international level.

Together with Estonia, Latvia and Lithuania, Poland has submitted a proposal to the European Commission to establish an AI Giga Factory in cooperation with a consortium of private companies and research institutes. This is the first step in formally expressing interest in joining the initiative. The consortium is led by Poland.

The Seimas has adopted amendments to the Law on Corporate Income Tax providing for an increase in corporate income tax from 2026.

The European Investment Bank (EIB) plans to lend €540 million for Lithuania to build a military base south of the capital Vilnius, highlighting Europe's collective commitment to bolster its defence infrastructure and deterrence capacity. The new base in Rūdninkai will host a German brigade, strengthening the rapid-response capabilities of the North Atlantic Treaty Organization in the region.

Individuals, businesses and other organisations purchased defence bonds for EUR 14.2 million during the ninth issue placement, where 741 transactions were concluded. Following the launch of the distribution of defence bonds this year, buyers purchased these bonds for a total of EUR 51.6 million through nine issues.

A new airline is entering the Lithuanian aviation market. Flydubai has announced plans to launch direct scheduled flights between Vilnius Airport (VNO) and Dubai International Airport (DXB) in the United Arab Emirates (UAE), starting December 2025. This will mark flydubai’s debut in Lithuania. The airline is expected to operate three weekly flights from December 11, continuing through both winter and summer seasons.

The Minister of the Economy and Innovation, Lukas Savickas, officially opened the laser processing applications laboratory of the Lithuanian company, Light Conversion, in California. The company is expanding its operations in the United States by setting up in Silicon Valley, one of the world's most important technology hubs.

Experts from the International Monetary Fund (IMF), who analysed Lithuania’s economy for two weeks, presented their conclusions, stating that, against the backdrop of geopolitical tensions, Lithuania’s economy demonstrates resilience to external shocks. The economy is forecast to continue to grow significantly this year and inflation is expected to remain sustainable. However, the challenges facing the economy are increasing: rising defence spending, deteriorating demographics, changes in labour supply. IMF experts underline the need to accelerate the implementation of structural reforms, increase economic productivity and manage public finances more effectively to ensure continued sustainable economic growth.