All news

2018 09 04
Lithuania among the first ones in the world to legalise virtual office

The Ministry of Economy will make a proposal to legalise the virtual office, which means enabling the establishment of companies that do not have a physical address of their premises so that they could be able to do communication with public authorities and other entities in virtual space. Following the adoption of this decision, Lithuania would become among...

2018 08 22
The Government is to carry out dissolution of the State Department of Tourism and to establish Lithuania Travel instead

At the meeting on Wednesday, the Government decided that the State Department of Tourism under the Ministry of Economy (hereinafter referred to as ‘the State Department of Tourism’) is subject to dissolution as of 1 January 2019. From the new year onwards, tourism marketing will fall within the...

2018 04 05
Minister of Economy Sinkevičius: blockchain development is evidence of Lithuania’s open attitude towards innovation

Lithuania has always been open to innovation and this is proved by means of becoming one of the blockchain technology centres of excellence in Europe and introducing exceptional products which address everyday problems. This was brought up by Minister of Economy Virginijus Sinkevičius at the...

2018 04 04
Minister Sinkevičius: US investors trust Lithuania and we have to take advantage of this

Despite its global decline direct investment from the US keeps consistently growing in Lithuania. Minister of Economy Virginijus Sinkevičius, who is visiting Washington this week, is introducing Lithuania’s investment environment and  the country’s contribution to success stories of US companies  in their global operation...

2018 04 03
Minister of Economy Virginijus Sinkevičius: Lithuanian companies are ready to propose exceptional solutions for US defence industry

‘Lithuanian high-tech companies are prepared to propose exceptional technology solutions for the US defence industry and this needs to be unlocked’, says Minister of Economy Virginijus Sinkevičius currently visiting the US. Along with a national business delegation representing...

2018 03 01
Vice-Minister Gediminas Miškinis takes office

Today, Gediminas Miškinis who previously was Deputy Chief Executive Director of the Vilnius City Municipality Administration is taking up his duties as Vice-Minister of Economy. Gediminas Miškinis will be in charge of increasing the operation efficiency of the Ministry of Economy and optimising the internal processes.

2018 02 23
Benefit Brought by Tourism Increases

Last year, Lithuania received 1.55 million foreign tourists who stayed at least one night, i.e. 4.3% more than in 2016, as seen from statistics on accommodation services. General growth in the industry, including local tourism, amounted to 6.6% last year. The number of tourists who were provided with accommodation constituted 2.92 million.

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2018 01 16
Two Vice-Ministers take office

Gintaras Vilda and Marius Skuodis are taking up their duties as Vice-Ministers this week.

2017 12 21
Minister of Economy Sinkevičius: Lithuania has to focus on the biotechnology sector

Minister of Economy Virginijus Sinkevičius met Prof. Dr. Virginijus Šikšnys and the Vilnius-Lithuania iGEM team from Vilnius University, which he congratulated on winning the grand prize in the most prestigious iGEM international synthetic biology competition hosted in the USA.

2017 12 20
Minister of Economy: Lithuania’s FEZs among the most attractive in the region

The Seimas adopted legislative amendments to enable the free economic zones (FEZ) established in Lithuania to be among the most competitive in Europe. According to Minister of Economy Virginijus Sinkevičius who initiated the amendments the new procedures will allow attracting more job-creating investors to the regions.

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...

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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