New requirements for large investment projects will come into force on 1 July, making it easier for companies to qualify as large investment projects.

From the beginning of next year, it will be easier for online businesses to protect their rights against unfair online intermediary platforms and search engine providers. The Seimas today approved the changes initiated by the Ministry of the Economy and Innovation.

The distribution of the tenth issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 2.5 million and 282 transactions were made. Residents will be paid 3.1 per cent of annual interest on this new one-year GSN issue.

The Defence Fund package, which will increase the national defence spending to 3% of gross domestic product (GDP) for the period 2025-2030, prepared by the Ministry of Finance was approved by the Seimas. According to Minister G. Skaistė, the package consists of four parts: the extension of the solidarity contribution, corporate income tax decisions, excise duty decisions, and the concept of the security contribution.

An initiative by the Ministry of the Economy and Innovation will soon make it easier for online businesses to defend their rights against unfair online intermediary platforms and search engine providers.

Lithuanian Airports (LTOU) is launching an international lease tender to select a duty-free shop operator for Vilnius and Kaunas airports. The selected partner is expected to start operations at Vilnius and Kaunas airports in 2025. LTOU representatives say that the tender is expected to attract the attention of international market players and applications are expected by the second half of September.

The Minister of the Economy and Innovation Aušrinė Armonaitė opened the Lithuanian stand at Money20/20, one of the largest financial technology (fintech) exhibitions in Amsterdam. This year, 8 fintech companies from Lithuania are participating in the national stand.

This week, Klaipėda is hosting the third Baltic LNG & New Energies Forum, which focuses on regional cooperation for energy security and a smooth energy transition. The international forum, organized in collaboration with the international energy terminal operator KN Energies, brings together over 150 participants from the European energy sector, including international experts and decision-makers.

The Ministry of the Economy and Innovation is consistently investing in the growth of Lithuania's tourism sector by announcing a call for funding for tourism representatives to participate in exhibitions and business events abroad.

Lithuanian Minister of Transport and Communications Marius Skuodis, participating today in the international conference E-Fuels Dialogue 2024 in Berlin, signed a joint declaration with his German and Japanese counterparts to promote the use of e-fuels in transport. Lithuania sees the production and use of e-fuels and other alternative fuels as an important opportunity for the country's economy, since the development of these fuels will help our country become the centre of green energy in the Baltic region.