EU support

EU structural support funds represent significant assistance to the modernisation and development of Lithuania’s economy. During the 2007-2013 period, the Ministry of Economy administers the largest share of EU support among all institutions – LTL 5.826 billion. Support is allocated to the business, energy, scientific research and tourism sectors. EU funds are used to upgrade companies and the manufacturing sector, promote exports, create industrial parks, establish new product development and testing laboratories, renovate kindergartens and schools, reconstruct churches and manors, and build hotels, bicycle paths and ski runs.