Review of the Balance of Payments services exports and imports for Q2 2022 (Joint release by the Bank of Lithuania and Statistics Lithuania).

Lithuania's biotechnology potential is being showcased in Oslo, Norway, this week, with the aim of establishing closer cooperation between the life science ecosystems of both countries.

The income of the electronic money institution (EMI) and payment institution (PI) sector from licensed activities in the first half of 2022 increased 1.8 times year-on-year and amounted to €375 million. The amount of payment transactions almost doubled and reached €241 billion. The amount of payment transactions grew nearly 40% over the quarter.

Lithuania has retained its 19th place in the European Union in the European Innovation Scoreboard 2022 published by the European Commission, and has reached its highest level in terms of innovation ecosystem development since 2015. Latvia remained in 25th place, while Estonia lost two positions to drop to 12th.

The European Commission has approved another aid instrument to help Lithuanian businesses affected by the war in Ukraine - loans for working capital and investment - prepared by the Ministry of the Economy and Innovation.

As he continues his visit to New York, President Gitanas Nausėda met on Thursday with Alexander C. Karp, CEO of a US technology company Palantir Technologies. The meeting focused on the prospects for business development in Lithuania and the company’s plans.

As part of his visit to New York, President Gitanas Nausėda met on Wednesday with Peter L. Scher, Vice Chairman of JP Morgan Chase, the US financial services leader.

The Minister of Energy of Lithuania Dainius Kreivys and U.S. Secretary of Energy Jennifer M. Granholm signed a historic agreement on enhanced cooperation to help achieve Lithuania’s goals of energy security and the transition to a climate-neutral energy sector. The result of a long-standing cooperation between the two countries in energy policy, this first such Memorandum of Understanding (MoU) aims to better prepare Lithuania’s energy sector to meet climate change-related threats.

The Bank of Lithuania published the balance of payments for July 2022, which shows that:

Lithuanian Airports has finalised the public procurement procedure for the selection of the contractor to build the new passenger departure terminal at Vilnius Airport. Eikos Statyba was selected as the contractor. The new terminal will be built between the VIP terminal with conference centre and the old passenger terminal. The total value of the contract is EUR 41.5 million (excluding VAT).