The Ministry of the Economy and Innovation has signed contracts with JPackaging, JPresswood and Vengast Investment Limited, which have been granted major investment project status.

The Ministry of the Economy and Innovation is launching a €6 million call to attract foreign investors to carry out research and experimental development (R&D) activities in Central and Western Lithuania.

The inflationary effects caused by russia's war against Ukraine combined with weakened external demand resulted in a mild contraction of the Lithuanian economy in 2023. According to the International Monetary Fund (IMF), this year, while external demand recovers and the labour market remains strong, the economy will return to the growth path.

6th February marks 15 years since AB Nasdaq Vilnius has been organizing auctions of Government Securities (GS) in the domestic market. During this period, 745 auctions were held, during which GS for EUR 18.1 billion were distributed.

LTG Infra, responsible for the construction of the Rail Baltica railway in the territory of Lithuania, has started consultations with the market regarding the planned procurement of the works of the construction of the superstructure of the railway track in the section from Kaunas towards the Latvian border.

Lithuania borrowed EUR 1.5 billion on international capital markets by launching a 10-year Eurobond issue.

EU negotiators reached a provisional deal on a bill that aims to reduce waste and bolster the repair sector by making product repairs more accessible and cost-effective.

On the initiative of the Ministry of Economy and Innovation and the Innovation Agency, InnoHub Lithuania has been officially opened in Silicon Valley (USA), which will help Lithuanian innovative companies and developers of advanced technologies to establish and develop contacts with partners in the USA, as well as help Lithuanian exporters of high-tech products and services to establish a position in the strategically important US market. InnoHub Lithuania joins Nordic Innovation House, which has been successfully operating in the US for almost a decade.

The Organisation for Economic Co-operation and Development (OECD) has published a report on the level of digital maturity of its 33 member countries, as measured by the Digital Government Index (DGI). Lithuania ranks 14th on the index, above the OECD average.

Minister of the Economy and Innovation Aušrinė Armonaitė will pay a working visit to California from 29 January to 2 February, where she will open the Lithuanian national stand at the Photonics West 2024 laser exhibition. A total of 23 companies from the country's laser sector are participating in the exhibition, promoting Lithuanian innovations worldwide. During her visit, the Minister will also meet with executives of US companies to discuss potential investments in Lithuania, as well as with Lithuanian communities in Californian cities.