The European Commission has approved the funds allocated to Lithuania under the REACT-EU initiative, including the funding to cultural and creative industries (CCI), which is planned to amount to EUR 15.5 million.

Council’s lack of flexibility threatens security for EU farmers, Agriculture Committee Chair Norbert Lins warned, calling on Council to return to proper negotiations.

Energijos skirstymo operatorius (ESO) and French company Sagemcom Energy and Telecom SAS have concluded a procurement agreement for smart metering infrastructure, which will ensure the acquisition and implementation of about 1.2 million new generation smart electricity meters as well as system data management and communication solutions. Smart meters will transmit the information about energy consumption via a secure connection, and residents will never have to write down the meter readings again, they will be able to see accurate consumption details, receive new services from market participants as well as consume energy more efficiently. The contract value of the largest smart metering project in the Baltic states amounts to EUR 75 million.

EUR 10 million – that is the amount allocated this year for replacing gas cylinders in blocks of flats with alternative energy sources. Applications for the full amount have already been received. Subsequent applications will be placed on a reserve list and should receive funding next year.

Meeting of the Advisory Commission on Financial Markets Policy Formation focused on the long-term perspective of the financial technology (fintech) sector and risk management.

The Ministry of Energy and the largest railway group in the Baltic States, Lithuanian Railways (LTG), have signed a cooperation agreement on energy savings.

With the upcoming launch of the Freedom ID on 24 May, the Ministry of the Economy and Innovation provides key information on what businesses should about it. According to the Ministry’s estimates, at the beginning of June almost 1.5 million people will already have access to the Freedom ID without testing.

In response to the publicly revealed information, the Bank of Lithuania presents information about Wirecard and Finolita Unio.

There are already more than 10,000 electricity prosumers in Lithuania, and in the first four months of this year alone, they produced more electricity than in the whole of 2019.

The Centre of Excellence in Anti-Money Laundering starts its activities in Lithuania. Bringing together representatives of both the public and private sectors, it aims to lift anti-money laundering practices implemented in the country to a whole new level. The Centre will be led by Eimantas Vytuvis, a highly experienced lawyer and certified anti-money laundering specialist.