The European Commission has on 18 February set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU's openness to contribute to the economic recovery through support for the green and digital transformations, as well as a renewed focus on strengthening multilateralism and reforming global trade rules to ensure that they are fair and sustainable. Where necessary, the EU will take a more assertive stance in defending its interests and values, including through new tools.

The Bank of Lithuania forecasts that the entire insurance market will see moderate growth in 2021: while the non-life insurance market should rise from the bottom this year, the life insurance market will grow more moderately, compared to 2020.

Lithuanian Airports have announced that the medical testing company „Rezus.lt“ has won the public tender to provide Coronavirus testing services at the country’s airports. Coronavirus testing is scheduled to begin near Vilnius Airport by the end of February, and by April – at Kaunas and Palanga airports.

To fight in-work poverty, MEPs want action on minimum wages and support for those most at risk including women and gig economy workers.

The Bank of Lithuania published the balance of payments for December 2020, which shows that:

As the requirements for the prevention of money laundering and terrorist financing (ML/TF) are tightened and financial market participants devote increasingly more attention to this area, the Bank of Lithuania receives more inquiries and complaints from the customers of banks, electronic money institutions and other financial institutions concerning excess requirements related to the requests to complete and update the KYC (“know your customer”) questionnaire or to provide additional information.

From Monday (15 February), the restrictions on quarantine for business will be eased; it will be possible to provide beauty treatment and other individual services while maintaining safe distance; non-food and flower shops will be able to resume activities. The Lithuanian Government has approved these proposals.

The Ministry of the Economy and Innovation will provide EUR30 million to test small and medium-sized business representatives for coronavirus. Businesses will be partially reimbursed for rapid tests and tests carried out in health care establishments. One rapid serological test or a rapid antigen test will becompensated at a rate of EUR 12. These funds will allow testing of about 100 employees, and one person could be tested 12 times in three months.

On Wednesday, Parliament approved the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic.

The European Commission has disbursed €14 billion to nine Member States in the fourth instalment of financial support to Member States under the SURE instrument. This is the first disbursement in 2021. As part of 2nd February operations, Belgium has received €2 billion, Cyprus €229 million, Hungary €304 million, Latvia €72 million, Poland €4.28 billion, Slovenia €913 million, Spain €1.03 billion, Greece €728 million and Italy €4.45 billion. All nine Member States had already received financial support under SURE in 2020, under one of the first three issuances and disbursement operations that took place in 2020.