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Minister and management

Business environment

The Ministry of Economy of the Republic of Lithuania wishes to help business. Businesses must state clearly where they want to go and then the government will provide the best tools to achieve this. The business...

Investment

Lithuania has been working intensively to attract foreign investments to the country. A more business-friendly legal base is being prepared, free economic zones that are particularly favourable to foreign...

Innovation

Continuous innovation plays a central role in the future role of Lithuania’s economy and the country aspires to be the innovation centre of the North Baltic region. When promoting the creation and implementation...

Export

Export is key to the national economic growth. It is the record high export indicator in 2010 that led the national economy to recovery. In 2011, the export of goods made nearly LTL 70 billion, which was by one...

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...

Tourism

The Ministry of Economy is responsible for formulating tourism, resort and resort area development policy in the country and implements the functions of international cooperation in the field of tourism. The main...

Public procurement policy

Public procurement constitutes an important part of the Lithuanian economy. The total amount spent through these procedures is one tenth of the country’s gross domestic product, or one third of Lithuania’s...

State-Owned Enterprises

State-owned enterprises operate in various economic areas that are of significance to Lithuania, namely, energy, communications, transport, etc. They generate a solid economic value and greatly contribute to the...