Too few Lithuanian defence industry companies cooperate directly with the country’s military and defence institutions, a deputy minister for economy and innovation says.
Ministry of Economy
The Ministry of the Economy and Innovation has drafted amendments to the Law on Alcohol Control, which were approved by the Government on Wednesday, in order to reduce administrative burdens and create more favourable competitive conditions for businesses.
The Ministry of Economy and Innovation announces an additional call for EUR 10 million, inviting tenders from Lithuanian industry to implement renewable energy sources.
Latvian President Edgars Rinkēvičs met with Minister of Economy Ilze Indriksone on Thursday to discuss the economic transformation plan, attracting foreign investment, as well as rising food prices and the current situation with the development of low-rent housing, the presidency reports.
The central bank and Lithuania's honorary consul in Germany held an event on Tuesday aimed to present advantages of the country’s banking sector to German commercial banks.
Technology giant Google will train 10,000 people in Lithuania this and next year to use means of electronic communication. Moreover, Google will also help crisis-hit businesses to make a faster move into the digital sphere to find new marketsz and enter the global market.
Lithuania has gone up by eight notches to 28th position among 63 countries in the IMD World Talent Ranking, the Ministry of Economy and Innovation said on Tuesday.
The Parliament of the Republic of Lithuania approved an amendment to the Law on Personal Income Tax submitted by the Ministry of the Economy and Innovation, which lays down more favourable conditions for option taxation – employees who have retained the shares of the company acquired through options...
Four supermarket chains currently control almost half of the retail market in Lithuania. It took them about a decade from the mid-1990s to push out small businesses and acquire a power that politicians and economists say is unhealthy for genuine competition.
The makers of Boxer infantry fighting vehicles are interested in cooperation with Lithuanian business in producing and maintaining the IFVs that would be sold to the Lithuanian army.
The Lithuanian government said on Monday it would not ask the European Union to scrap daylight saving time, saying there is no evidence that advancing clocks one hour during summer months has negative impact on people's health or the country's economy.
Lithuanian meat and milk processors and the Ministry of Economy have created a joint working group to prepare and implement a plan to expand Lithuanian food exports in emerging markets.