Trade Committee MEPs backed a new tool for the EU to respond to countries seeking to coerce it or member states.

Young people born in 2004 can now register for free rail tickets until 25 October, thanks to the Discover EU initiative, supported by the European Parliament.

Banks operating in Lithuania and central credit union groups will have to strengthen their financial resilience and accumulate additional capital buffer, i.e. counter-cyclical capital buffer (CCyB). Such a decision was made by the Board of the Bank of Lithuania, which set the CCyB rate of 1%, bringing it back to pre-pandemic levels.

The Ministry of the Economy and Innovation out of the €1 billion planned for the economy has launched calls for business investment projects valued at €40 million, focusing on the development of renewable energy sources in industry and the deployment of energy-efficient production technologies.

Aviation growth has continued unabated at the start of autumn, with traffic and passenger numbers close to pre-pandemic rates. In September, Lithuanian airports handled just over 531,000 passengers and 4.7 thousand flights. In the same period in 2019, 603,000 passengers and 5.7 thousand flights were handled.

As part of Lithuania's expanding network of economic representation in the world, the Ministry of the Economy and Innovation has announced a vacancy for a Commercial Attaché in Poland.

Following Parliament’s approval, EU consumers will soon be able to use a single charging solution for their electronic devices.

The latest turnover data of partners operating in passenger terminals at Lithuanian Airports show that the aviation recovery has had a positive impact on these businesses. The total turnover generated by retail and catering services businesses operating at airports in January-August this year amounts to almost EUR 32 million and is four times higher than in the same period last year. Compared to 2019 (pre-pandemic year) (same period), this year's turnover is almost EUR 4.5 million higher.

Balance Sheet and Interest Rates of Monetary Financial Institutions, August 2022.

On Friday, the Minister of the Economy and Innovation, Aušrinė Armonaitė, met with the President of the Republic of Lithuania, Gitanas Nausėda, to discuss the current situation of business and to present existing and possible additional support measures to facilitate the work of businesses in the event of the increase in the price of gas and electricity.