Ministry of the Economy and Innovation has drafted amendments to the Law on Alcohol Control, which were approved by the Government today, in order to reduce administrative burdens and create more favourable competitive conditions for businesses.

The new rules aim to attract innovators to the EU and ensure EU consumers benefit from goods based on the latest cutting-edge technologies.

The Commission adopted five initiatives to strengthen the EU's economic security at a time of growing geopolitical tensions and profound technological shifts. The package aims to enhance the EU's economic security while upholding the openness of trade, investment, and research for the EU's economy, in line with the June 2023 European Economic Security Strategy.

The distribution of the sixth issue Government savings notes (GSN) ended on Monday, where residents purchased GSN for EUR 9.3 million and 800 transactions were made. Residents will be paid 3.6 per cent of annual interest on this new one-year GSN issue.

Parliament wants to update the EU Stability and Growth Pact to allow EU countries more flexibility in how they manage their budget deficits and debt levels.

Starting from 2024 April passengers from Vilnius will have a direct regular flight to Athens with the well awarded Greek airline AEGEAN. Flights will be operated twice a week with AIRBUS A320.

On Wednesday, MEPs decided to open talks with Council on new economic governance rules, prioritising investment and national ownership and improving the system’s credibility.

International energy terminal operator KN (KN Energies AB starting 10th January 2024) is kicking off the year 2024 by securing the public tender for the commercial management of four German liquefied natural gas (LNG) terminals on the North Sea coast. The company has signed contract with Deutsche Energy Terminal GmbH (DET), the German state-owned company that operates state-controlled LNG terminals.

The Distributional Wealth Accounts (DWA), produced by the European System of Central Banks (ESCB), aim at meeting the growing interest in complementing macroeconomic sector accounts by distributional information.

The National Energy Regulatory Council (NERC) has launched the second tender for the selection of a developer to develop a 700 MW offshore wind farm in the Baltic Sea. Tenderers have to submit their applications and documents to NERC by 14 April 2024.