Lithuanian cities have risen significantly in the latest edition of the StartupBlink index, with Vilnius and Kaunas making the TOP 200. Lithuania is currently No. 17 on the global list, and No. 9 in the European Union. The Lithuanian Minister of the Economy and Innovation, Aušrinė Armonaitė, is confident about the index providing further evidence that Lithuania’s startup ecosystem is among the fastest growing in the world.

In 2022 the Ministry of Transport and Communications of the Republic of Lithuania, together with external consultants, prepared a plan to promote flights to destinations which have strategic importance for Lithuania. Now, Lithuanian Airports are introducing a new incentive model and launching an international call for application from airlines to participate in the selection process for the operator of scheduled flights between Vilnius (VNO) and London City (LCY) airports.

Minister of Finance Gintarė Skaistė and Ambassador of Switzerland to Lithuania Martin Michelet signed a cooperation framework agreement on the Swiss financial contribution to Lithuania, which will provide almost EUR 53 million of co-financing funds for the implementation of public investments.

Ministry of the Economy and Innovation has allocated €11.7 million in funding for infrastructure projects in seven municipalities across the country. The funding will help municipalities to build and improve infrastructure in free economic zones (FEZs), industrial parks and other industrial areas.

The Council has reached agreement on its position (general approach) regarding amendments to the directive on administrative cooperation in the area of taxation. The amendments mainly concern the reporting and automatic exchange of information on revenues from transactions in crypto-assets and information on advance tax rulings for the wealthiest (high-net-worth) individuals. The aim is to strengthen the existing legislative framework by enlarging the scope for registration and reporting obligations and overall administrative cooperation of tax administrations.

Eight months after the Minister of Economy and Innovation Aušrinė Armonaitė met with South Korean investors, SK E&S, one of the largest oil and gas companies in Asia, announced that it is seriously considering expanding its operations in Lithuania.

the Ministry of Finance submitted an updated letter to Ignitis Group AB regarding the objectives and expectations of the state related to the activities of the companies of the group. In the letter of expectations, priority is given to carrying out green transformation and ensuring energy security, as well as improving the quality of customer service.

Experts from the Ministry of Finance discussed with social and economic partners the updated draft plan "New Generation Lithuania" prepared by the Ministry, which aims to additionally stimulate the green transition and the transformation of the Lithuanian industry, strengthening the resilience of the country's economy.

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.