Ministry of the Economy and Innovation is calling for project implementation plans for the creation of an electronic invoice exchange tool out of the EUR 1 billion earmarked for the economy.

Parliament is set to approve rules to counteract market-distorting foreign subsidies to companies operating in the EU.

LTG Cargo, the freight branch of Lietuvos Geležinkeliai (LTG) Group, extends the existing international routes and is going to launch regular services to Italy – the company’s first intermodal test train has been put into operation to leave for the port of Trieste. The new route is tested just a couple of months from the memorandum of cooperation signed in September by the heads of LTG and Italian logistics companies, during the visit of the Minister of Transport and Communications Marius Skuodis in Trieste together with the Lithuanian delegation.

Minister of the Economy and Innovation Aušrinė Armonaitė, after meeting in Lisbon with Maelle Gavet, the CEO of Techstars, a global start-up accelerator, invited the company to expand its activities and invest in Lithuania.

Today, Europe faces numerous challenges – from dealing with the legacy of pandemic to climate change. But the biggest one is no doubt the Russia's unprovoked and brutal war against Ukraine.

Karolis Žemaitis, Deputy Minister of the Economy and Innovation, who has travelled to Japan with a delegation of the Lithuanian government and business, stresses the need to strengthen bilateral economic relations between Lithuania and Japan, and to increase the intensity of bilateral meetings beyond the pre-pandemic level. Lithuania will give the highest priority to high value-added businesses and exports of innovative products.

The Memorandum of Understanding (MOU) signed on Wednesday in Vilnius by Minister of Economy and Innovation Aušrinė Armonaitė and Minister for Trade from the Ministry of Trade, Industry and Energy of the Republic of Korea Dukgeun Ahn provides for closer cooperation between the two countries in the fields of trade and industry.

The contract of the Lithuanian Road Administration on the reconstruction of the A5 section Kaunas–Marijampolė–Suvalkai (Via Baltica) between 72.50 km and 79 km came into effect. Construction on the section is expected to get underway this year with the estimated completion date set for the next autumn. The contract is valued at around EUR 55.8 million.

EP committees adopted the inclusion of RePowerEU measures in national recovery plans to foster independence from Russian fossil fuels and accelerate green transition.

As part of the official visit to Japan, on Wednesday, Prime Minister Ingrida Šimonytė has opened the Lithuania-Japan High-Tech Business event, noting the potential of the successful business partnership to complement the growing Lithuania-Japan bilateral relations. The Prime Minister has also attended the Lithuania-Japan Food Business Forum and met with Keidanren, Japan’s largest business federation.