Ministry of Economy

As yet another tourism company unexpectedly terminated its activities on Friday, Lithuanian President Dalia Grybauskaitė says that the State Tourism Department (VTD) has not learned from its mistakes of the past, while the competence of the institution's heads is very questionable.

After the resignation of Arvydas Arnašius, the Ministry of Economy is looking for a new director to head the non-profit organisation Invest Lithuania.

Financial (regularity) audits for the year 2013 carried out by the National Audit Office assessed whether decisions in particular public investment areas are always implemented at the lowest cost and meet the needs of the society, the audit office reports.

The Ministry of Economy has summarised the accomplishments of Lithuanian institutions in September in an attempt to mitigate the impact of Russia's sanctions on businesses.

Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods.

The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license.

On 8 September, a cycle of seminars on the adoption of the euro, which will encompass at least 70 information events scheduled in all 60 municipalities of Lithuania within three months, is going to be launched in Šiauliai, euro.lt informs.

MP Kazys Starkevičius of the Homeland Union-Lithuanian Christian Democrats (TS-LKD), shadow agriculture minister, says that the action plan for 2014-2015, prepared by the Ministry of Economy and approved by the Government, which seeks to reduce losses of Lithuanian companies due to Russian trade san...

Prime Minister Algirdas Butkevičius reassured that there are no plans to merge the Ministry of Economy and the Ministry of Energy this year.

Starting on 22 August, it will be mandatory for all traders and service providers in Lithuania to indicate prices in two currencies, the litas and the euro.

Speaker of the Lithuanian Seimas Loreta Graužinienė is reluctant to endorse the initiative of Minister of Economy Evaldas Gustas to merge several business supervisory institutions.

Arvydas Arnašius, acting head of Invest Lithuania, will step in as permanent head of the government’s foreign investment promotion agency after winning a respective competition organized by the Economy Ministry.