The Ministry of the Economy and Innovation has launched a record amount of funding for all successful projects under the highly popular InoPažanga and InoBranda instruments. An additional €79.8 million has been allocated to 98 projects on the reserve list alone, which create innovation and strengthen cooperation between business and science.

The Ministry of Finance in response to the European Commission's (EC) partially positive assessment of milestone 142 of the plan "New Generation Lithuania", an EUR 8.7 million sanction applied, and EUR 14.88 million planned to be disbursed in May, will consider the possibility of applying to the General Court of the European Union (GC) regarding the compliance of the Commission's actions with the regulation of the instrument. According to the plan "New Generation Lithuania", Lithuania has already received almost EUR 1 billion grant funds and more than EUR 470 million loan funds.

Lithuania will make even more data available and easier to share for businesses and citizens. The government has approved a draft law submitted by the Ministry of the Economy and Innovation to implement the European Data Governance Act.

The Government approved the draft legislation drew up by the Ministry of Finance for the transposition of the provisions of the Corporate Sustainability Reporting Directive, which will oblige companies to publish information on sustainability issues on an annual basis. In parallel, the amendments are proposed to improve the quality of corporate financial statements and to reduce administrative burden and excessive regulation. Such measures aim to contribute consistently to the implementation of a sustainable EU economic and financial system. The amendments are expected to enter into force on 1 July this year.

The distribution of the ninth issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 4.75 million and 243 transactions were made. Residents will be paid 3 per cent of annual interest on this new one-year GSN issue.

The Minister of the Economy and Innovation Aušrinė Armonaitė will visit the UK this week to meet with the heads of the country's leading companies to discuss opportunities for expansion in Lithuania.

The "Billion for Business" initiative will be launched next week, giving businesses access to loans of up to €250 million.

On Tuesday, a Memorandum of Understanding for building an ammunition plant in Lithuania has been signed between the Lithuanian authorities and Germany’s defence industry giant Rheinmetall. The document, showing Lithuania’s commitment to strengthening its own and regional security, while forging a close partnership with Germany, has been signed by Minister for Economy and Innovation, Aušrinė Armonaitė, Minister for National Defence, Laurynas Kasčiūnas, and Maximillian Froch, Director of Strategic Program Organization International at Rheinmetall AG.

The National Energy Regulatory Council (NERC) announces that the second tender for a 700 megawatt (MW) offshore wind farm in the Baltic Sea has not taken place. The Law on Renewable Energy stipulates that there must be at least 2 tenderers for a tender to take place. However, only one economic operator took part in the announced tender.

The Government approved the draft amendment to the Law on Tax Administration prepared by the Ministry of Finance and the State Tax Inspectorate (STI), by which from 1 July 2026, taxes, economic monetary sanctions, fines and amounts awarded by the court would be administered on a one-stop shop basis via the STI system. The implementation of the draft amendment will result in a significant reduction of the costs incurred by residents due to debt recovery and the administrative burden.