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2017 11 06
Doing Business 2018: Lithuania – among 20 most business-friendly countries in the world

In the Doing Business 2018 report, published on 31 October 2017, Lithuania ranks16th and is among top 20 of 190 countries in the world. Compared with 2017, Lithuania has improved up 5 positions; it ranked 21st last year. Among the EU Member States Lithuania ranks 6th and is outpacing countries like Ireland (17), Latvia (19) and...

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2017 09 11
Lithuania elected to the Executive Council of the UNWTO

During the twenty-second session of the General Assembly, held in China, Lithuania was for the first time elected to the Executive Council of the WTO and re-elected as a Vice-Chair of the Regional Commission for Europe. 

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2017 06 26
Minister of Economy will present Lithuania’s laser industry potential in Germany

On 26–27 June 2017, Minister of Economy Mindaugas Sinkevičius together with representatives from public body Enterprise Lithuania and a business delegation will be visiting Munich (Germany) to present Lithuania’s laser industry potential to the international community at the largest global laser exhibition ‘Laser World of Photonics 2017’; the...

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2017 06 22
Hyperloop One representatives: Lithuania might be part of the project

In Los Angeles, Minister of Economy Mindaugas Sinkevičius visited one of the most advanced global companies — Hyperloop One — which is engaged in creating a new generation transport system. At the meeting, the company’s representatives presented the technology and vision they are working on: to connect Scandinavia and the Baltic States as well as Poland and...

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2017 06 20
Lithuania’s dramatic rise in the European Innovation Scoreboard

Today, the European Commission has published the European Innovation Scoreboard 2017, in which Lithuania has risen from the 24th position in 2016 to the 16th position among the 28 EU Member States, and is ahead of Poland, Latvia, Spain, Malta, Italy, Slovakia, Greece, Hungary and Cyprus.

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2017 06 16
Minister of Economy Mindaugas Sinkevičius will be presenting Lithuania‘s life sciences sector in the US

On 18–23 June 2017, Minister of Economy Mindaugas Sinkevičius along with a business delegation and representative from public body Enterprise Lithuania will make a working visit to the US. For the first time in the country’s history the Lithuanian Minister of Economy is invited to open the largest in the world...

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2017 06 16
Minister of Economy: ‘Lithuania and Ukraine are to discover new cooperation possibilities‘

On 6 June 2017, following the 17th meeting of the Lithuanian-Ukrainian Intergovernmental Commission on Trade–Economic  and Science–Technical Cooperation (the Commission) Minister of Economy Mindaugas Sinkevičius and Minister of Infrastructure of Ukraine Volodymyr Omelyan signed a Protocol aimed to strengthen bilateral...

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2017 03 09
Possibilities for strengthening bilateral economic cooperation discussed between Minister of Economy of Lithuania and Minister of Foreign Affairs and Trade of Hungary

At the 9 March meeting, Mindaugas Sinkevičius, Minister of Economy of Lithuania, discussed with Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary, the possibilities of strengthening bilateral cooperation between...

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2017 03 02
Minister of Economy Mindaugas Sinkevičius and Vice-President of Western Union discussed the need of skilled labour in Lithuania

At the 2 March 2017 meeting with Lenny Alugas, Senior Vice President for international operations at the US financial services and communications company Western Union, Minister of Economy Mindaugas Sinkevičius discussed the need for skilled professionals, informed about the projects...

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2017 01 31
Minister of Economy: ‘Confidence in venture capital funds strengthened in Lithuania'

At the 31 January 2017 meeting with Troy Weeks, Senior Banker at the European Bank for Reconstruction and Development (EBRD), and investor Michael Parry, Minister of Economy Mindaugas Sinkevičius discussed the cooperation of the EBRD with UAB INVEGA (Investment and Business Guarantees) as part of preparation for the implementation of...

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2017 01 31
2016 a record breaking year for Invest Lithuania as production investments boom

2016 was another record breaking year for the foreign investment promotion agency Invest Lithuania as it attracted 36 foreign direct investment (FDI) projects to Lithuania. These projects are set to create 3,716 jobs over the next three years. By comparison, 28 foreign capital companies decided to set up operations in Lithuania in 2015, creating...

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2017 01 19
Lithuania up in Global Talent Competitiveness Index

Lithuania has moved up two positions in the Global Talent Competitiveness Index and now ranks 33rd out of the 118 countries surveyed. The index ranks countries according to their ability to attract and retain talent and competences that exist locally. The jump in Lithuania’s position in the ranking this year was mostly due to stronger results in the talent...

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