June
04

AS THE DAY OF ENVIRONMENTAL PROTECTION APPROACHES, HOW ARE EU INVESTMENTS CHANGING LITHUANIA’S ENERGY SECTOR?

In the countries of the European Union, 2021 is marked by significant and real environmental changes. Disposable plastic restrictions will become mandatory in a month. EU environmental action is also focused on more key areas, including sustainable energy.
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June
01

EU INVESTMENT HELPS ACIETY GROW INTO A GLOBAL NETWORK

From a network of 30 Lithuanian companies to a platform for information technology development and software products uniting more than 1,600 European companies - few businesses can boast of such a leap in growth that Kaunas-based start-up Aciety has made in a decade of its operation.
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May
31

LBSA PARTICIPATED IN THE TELECONFERENCE ‘GREEN ECONOMY. SUSTAINABLE BUSINESS’

On 28 May 2021, Klaipėda Chamber of Commerce, Industry and Crafts held a teleconference for business: ‘Green Economy. Sustainable Business’.
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May
28
From left are Julius Gagilas, director of Diagnolita, Vaida Kurmauskaitė, researcher, Ieva Ašmenavičiūtė, medical geneticist, and Aurimas Želvys, director of LVPA. Photo by Martynas Sirusas

DIAGONLITA GETS EUROPEAN SAIL AWARD FOR CHANGING PROSTATE CANCER DIAGNOSTICS

Project New Diagnostics of Prostate Cancer by Diagnolita company financed by EU structural funds LVPA administered measure Intelect/Common Projects of Business and Science got award for effectiveness in medicine in 13th European Sails awards for EU structural funds financed projects.
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May
26

EUR 6.5 M TO MODERNIZE STREET LIGHTING SYSTEMS

Almost EUR 6.5 m has been allocated to municipalities to modernize street lighting systems. All applying municipalities got funding.
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May
21
Photo of Kaunas city municipality

KAUNAS BREAKTHROUGH IS GETTING STRONGER WITH EACH BIRTHDAY

Tomorrow, May 22, Kaunas celebrates its 613th birthday. Lithuanian Business Support Agency (LVPA) congratulates next year’s European culture capital, a city which grows, gets more modern and invests actively.
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May
17

148 NEW BUSINESS DIGITIZATION PROJECTS IN ONE YEAR

Today world celebrates information society day, based on call to action by International Telecommunications Union (ITU) „accelerate the digital transformation in challenging times”.
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May
11

BUSINESSES TO RECEIVE ALMOST EUR 115 M OF SUPPORT

As of May 10, Ministry of economics and innovation has approved EUR 114.8 m of subsidies to support businesses, affected by COVID-19 related quarantine restrictions.
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April
30

LITHUANIA’S 17 YEARS OF EU MEMBERSHIP: WHERE EU INVESTMENT IS BEING DIRECTED

2021 is marked as new stage for community working with EU investment. This year 2021-2027 EU programming period starts, most attention will be paid to green and digital transformation, empowering innovation.  Lithuanian Business Support Agency (LVPA)  summarizes that up to now EUR 170 m of EU funds have been invested in digitization projects, 126 m in green (circular) economy. Most of the assistance since 2004 went to energy sector and business support.
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April
29

LVPA PUBLISHES ANNUAL REPORT FOR 2020

2020 has been a year of challenges for Lithuanian Business Support Agency, as well as for the whole economy. Notwithstanding  restrictions related to pandemic, the agency met and exceeded most of the planned indicators.
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April
16

LVPA INVESTMENTS IN ENERGY SECTOR, CELEBRATING ENERGY SECTOR WORKERS’ DAY

Sustainabe, green, renewable – these are descriptions of today’s energy sector. Modernization, support, development of the sector are being financed with the help of Lithuanian Business Support Agency (LVPA).
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April
07

INVESTMENT IN HEALTH CARE INNOVATION PAYS BACK WITH HEALTHY SOCIETY

Celebrating world health day during the pandemics it is important to remember the necessity to strengthen peoples‘ physical and emotional health, further investing in health technologies and biotech. 


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March
25

MOST INNOVATIVE EU FUNDED PROJECTS OF LITHUANIAN COMPANIES NOMINATED FOR EUROPEAN PROJECT AWARDS

Lithuanian Business Support Agency (LVPA) has submitted six projects for annual European project awards Regiostars2021 organized by European Commission. Projects include investment in innovative digital and green technologies, sustainable energy, renewables and reduction of CO2 emissions.

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March
24

LVPA HELPS BUSINESSES TO DEAL WITH CONSEQUENCES OF PANDEMICS

According to LVPA director Aurimas Želvys, pandemics is a challenge to everybody, this time an interaction of institutions is necessary to assure that remedies under imlementation are effective, and financial assistance reaches companies affected as soon as possible.

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March
12

LVPA CELEBRATES 18TH ANNIVERSARY: 5,600 EU PROJECTS ADMINISTERED

On March 12th Lithuanian Business Development Agency (LVPA) celebrates its 18th anniversary. During this time 5,600 EU investment projects have been implemented, 1,700 are currently being implemented. More than EUR 3 bn of EU funds have been invested.
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March
05

INVESTMENTS FOR BUSINESS – FROM SUBSIDIES TO SURVIVE UP TO PROJECTS STRENGTHENING COMPANIES

Businesses can use current assistance to survive and get stronger.
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March
05

FROM FOUR DAYS TO FOUR MINUTES: TO WHAT EXTENT DIGITIZATION CHANGED A SPEED OF PRINTING HOUSE?

„We wanted to be very fast, seeng the speed of production as one of biggest potential competitive advantages“, – says Gediminas Ziberkas, director of Kaunas based printing house Ad markers.
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March
02

ASSISTANCE TO BUSINESSES DURING THE SECOND QUARANTINE IS BETTER TARGETED AND FASTER, A SURVEY SHOWS

Current asistance to businesses is more oriented to sectors most affected by COVID-19: catering and travel sectorsare getting more according to analysis of business support subsidies during the first and the second quarantine.
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March
01

LVPA TERMINATES THE CONTRACT OF JAUSMOMATIS PROJECT

Based on findings of additional breach inquiry and with approval by ministry of economics and innovation, Lithuanian Business Support Agency (LVPA) has terminated Jausmomatis (device to measure feelings) project.
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February
26

CONNECTED COMPANIES CAN APPLY FOR ASSISTANCE

Starting Friday (February 26, 2021) affiliated – controlled by other company or owning shares of other company - companies can apply for subsidies to cover quarantine related losses.
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February
25

WHAT KIND OF INVESTMENT BUSINESS SHOULD PLAN FOR 2021 AND BEYOND?

Currently still under preparation, but soon new calls for EU investment projects, aimed at helping businesses to deal with challenges of pandemic, are to be announced. 
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February
24

PROJECTS NOMINATED FOR EUROPEAN SALES AWARDS: FROM BIOGAS TO CHLORINELESS POOLS WATER

Lithuanian Business Support agency (LVPA) has nominated 7 projects for best EU investment projects contest European Sales 2021. Projects were about innovative technologies, environment friendly solutions and unconventional small business undertakings.
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February
22

THERE IS STILL SOME TIME LEFT TO GET ASSISTANCE TO MODERNIZE STREET LIGHTING

Ministry of energy reminds that municipalities can still submit applications and get funding to finance street lighting projects. 
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February
22

MORE THAN EUR 30 M ASSISTANCE ALLOCATED TO AFFECTED BUSINESSES

Subsidies of EUR 20.7 m to 9,631 businesses affected by carantine restrictions were approved by February 22, as well as almost EUR 10 m easy loans to 224 companies.

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February
19

THE GUIDE DAY IS COMING: PART OF TOURISM PROJECTS CONTINUE

On February 21 world celebrates international guide day. Lithuanian Business Support Agency (LVPA) reminds that when pandemic is over travellers are going to have number of new opportunities. Even in lockdown tourism projects are being implemented.


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February
18

MORE THAN EUR 26 M ASSISTANCE TO AFFECTED BUSINESSES

Subsidies of EUR 17.8 m to 8,489 businesses affected by carantine restrictions were approved by February 18, as well as EUR B8.53 easy loans to 197 companies. 
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February
17

SECOND PACKAGE OF SUBSIDIES: MOST AFFECTED BUSINESSES TO RECEIVE EUR 70 M

Government has approved concept of subsidies to companies most affected by pandemic prepared by ministry of economics and innovation. Businesses will receive EUR 70 m in one time subsidies. 
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February
17

COVID-19 R&D APPLICATIONS EVALUATED, CONTRACTS ARE BEING SIGNED

Lithuanian Business Support Agency (LVPA) evaluated COVID-19 R&D applications, ministry of economics and innovation allocated EUR 24.3 m to 44 projects. 
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February
08

MORE THAN EUR 16 M GO TO AFFECTED BUSINESSES

Until February 8th  EUR 12 m subsidies were paid to 5704 companies affected by quarantine restrictions. 89 companies received EUR 4.4 m in easy loans.

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January
28

LOOK AT 2020 – FUNDING ACCORDING TO CONTRACTS EXCEED EUR 380 M, 710 NEW PROJECTS STARTED

In 2020, Lithuanian Business Development Agency (LVPA) has evaluated 38 % more applications for EU funding vs 2019. Amount of funding according to contracts signed also went up and reached EUR 380 m.

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January
27

LVPA EVALUATED FIRST APPLICATIONS BY INDEPENDENT COMPANIES

Lithuanian Business Support Agency (LVPA) evaluated first list of companies affected by COVID-19 it received from State Tax Inspectorate.
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January
25

CONGRATULATIONS TO VILNIUS – GROW FURTHER BY INVESTING IN HIGH VALUE ADDED PROJECTS

On January 25th Vilnius celebrates its 698th birthday.
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January
20

FIRST BUSINESS SUPPORT PACKAGE STARTS: SUBSIDIES AND LOANS

Starting Wednesday, January 20th, businesses can apply for subsidies and soft loans.
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January
19

LVPA WEB PAGE ALREADY FEATURES PODCASTS

In order to make announcing calls and sharing information more effective, Lithuanian Business Support Agency (LVPA) implemented yet another information tool – podcasts.
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January
15

BUSINESS IS GETTING DIGITIZED – LVPA HELPS TO MAKE IT FASTER

Smart sensors and controllers, robots, digitization of production processes now are inseparable features of advanced and promising Lithuanian companies.
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January
14

ALMOST EUR 19 M ALLOCATED TO STANDBY EU INVESTMENT PROJECTS

Ministry of economics and innovation allocated additional almost EUR 19 m EU funding to Eco-innovations LT+ and Industry Digitization LT standby projects.
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December
31

MORE COMPANIES OF DIFFERENT SIZES WILL BE ELIGIBLE FOR COVID-19 SECOND WAVE IMPACT ASSISTANCE FROM NOW ON

Government has supported changes to concept and criteria of COVID-19 subsidies suggested by ministry of economics and innovation. 
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December
22

MORE OPPORTUNITIES TO INSTALL PRIVATE SOLAR POWER STATIONS

People are encouraged to use more energy from renewable sources and to generate it themselves – additional EUR 9 m  allocated to project named installation of solar power stations in the households.
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December
16

IN DIFFICULT TIMES LVPA TAKES OVER UNCHARACTERISTIC ROLES TO RESCUE BUSINESSES

During the pandemic Lithuanian Business Support Agency (LVPA) takes over uncharacteristic roles which are necessary helping businesses to survive a difficult period of time.
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December
10

Additional more than EUR 9 m to modernize street lighting systems

One more stage of evaluation of applications to mordenize street lighting has ended this week.
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December
10

InoConnect project call progress demonstrates business‘ optimism

Restrictions of travel, meetings and events because of COVID did not affect business‘ enthusiasm to apply for funding of EU project InoConnect.
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November
30

A CALL FOR COVID-19 R&D HAS ENDED: 69 COMPANIES ASK FOR MORE THAN EUR 43 M FUNDING

Lithuanian Business Support Agency (LVPA) has ended a continuos selection of applications for project COVID-19 R&D.
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November
24

SMART FDI 3 APPLICANTS ASK FOR TWICE THE AMOUNT ENVISAGED IN THE CALL

Lithuanian Business Promotion Agency (LVPA) has stopped the project SMART FDI 3 call 
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November
23

SMART FDI PROJECT‘S CALL IS BEING STOPPED

Lithuanian Business Support Agency (LVPA) stops SMART FDI project‘s call
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November
20

CALL FOR ADDITIONAL EUR 20 M INVESTMENT – TO CREATE INNOVATIONS IN LITHUANIA

Seeking to attract foreign investment in R&D, experimental development and innovations Lithuanian Business Support Agency
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November
11

MORE THAN EUR 20 M EU INVESTMENT INTO SUSTAINABLE TECHNOLOGICAL ECO INNOVATIONS PROJECTS

Ministry of economics and innovation has allocated EUR 21.28 m from EU investment project Eco-Innovations LT+ to finance 27 projects by very small, small and medium companies to implement sustainable technological eco innovations.
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November
06

APPLICATIONS TO IMPLEMENT ECO INNOVATIONS EVALUATED: EUR 32,5 M EU INVESTMENT REQUESTED

Lithuanian Business Support Agency (LVPA) has evaluated applications by country‘s companies for EUR 32.5 m Eco-Innovations LT+  project funding.
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October
29

SELECTION OF COVID-19 PRODUCTS LT STOPPED

Lithuanian Business Promotion Agency (LVPA) stops selection of COVID-19 Products LT projects.
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October
28

LVPA ANNOUNCES TWO CALLS FOR BUSINESS: TO INVEST IN DEVELOPMENT AND MANUFACTURING OF COVID-19 RELATED PRODUCTS

Lithuanian Busdiness Promotion Agency (LVPA) announces calls to submit applications for funding from projects COVID-19 R&D and COVID-19 Products LT.
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October
15

EUR 53 m for industry digitization

Ministry of economics and innovation allocated EUR 53 m to finance 124 Lithuanian industry digitization projects.
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October
12

EU funds business digitization: it is recommended to allocate EUR 60 m

Lithuanian Business Support Agency (LVPA) evaluated applications by country companies for EU structural funds and recommended ministry of economics and innovation to finance audit and implementation of digitization technologies.
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October
05

Country‘s exports in the wake of pandemic: what is the impact of EU investment?

Lithuania‘s exports decreased by 8.4% during the first half of 2020, year on year.
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October
02

New (EU) investment projects for business to encourage resolving issues highlighted by COVID-19

„Now it is time, when investment projects planned by government and ministries will be announced while we move into new financial perspective of 2021-2027“ – claimed director of LVPA.
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September
18

NanoAvionics awarded at European Sail competition – LVPA administered project New Possibilities LT contributed to the success

The winners of 12th competition European Sails have been announced. 
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September
07

More than half of country’s municipalities are keen to modernize street lighting, hoping for EUR 23.6 m of EU investment

Lithuanian Business Support Agency (LVPA) has ended a call to submit applications for funding from EU investment project Modernization of Street Lighting.
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September
04

LVPA assesed projects aimed to promote small capacity biofuel cogeneration

Lithuanian Business Support Agency (LVPA) approved four projects for small capacity biofuel cogeneration power plants and recommend Ministry of Energy to allocate funding of EUR 8.4 m. Companies have asked for EUR 19.3 m from EU structural funds.

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August
21

Additional EUR 81 m allocated for improvement of innovative goods and services

Ministry of Economics and Innovation allocated additional EUR 81 m to 120 Lithuanian companies from the reserve list to implement innovations in business and improve innovative goods and services from EU investment program Experiment. 
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August
21

More than EUR 10 m allocated to renewable energy projects

Minister of Economics and Innovation Rimantas Sinkevičius has signed an order allocating EUR 10.38 m to 78 industrial companies from EU investment project Renewable Energy for Industry LT+. 
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July
22

LVPA has signed project implementation contracts worth one billion euros for this financial perspective

Lithuanian Business Support Agency (LVPA) has signed contracts for one billion Euros for financial perspective of 2014-2020. 
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January
08

The schedule of calls for proposals for EU funding instruments has been updated

LVPA and the Ministry of Economy and Innovation present the updated schedule of calls for proposals to business and public sector by 2020.    

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December
06

Sustainability is the best investment of the XXI century

The topic of sustainability has now become extremely relevant moving from a linear economic model to a circular one.
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November
22

Project management becomes a strategic competence for public sector organizations

In an increasingly digital world, project management is becoming the most human-oriented function and more rarely just a technical IT function.
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November
20

Eur 1.5 million EU investment appointed for eco-friendly innovation

EU investment was allocated to Lithuanian companies to implement non-technological eco-innovations.
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November
15

EU investment enabled UAB Altechna R&D to place laser machine-tools on the market

Lasers are one of the strongest fields of science and industry in Lithuania. 
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November
12

The tool for selection of European union investment measures has been presented

The Ministry of Economy and Innovation has developed a tool for selecting European Union investment measures aimed at facilitating the search for EU investment opportunities. 

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November
05

Cherry servers: we have invested heavily in process management, automation and standardization as we used eu investment in a targeted way

Lithuanian Business Support Agency presents the success story of Cherry Servers, a provider of server rental, hosting and cloud services.
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October
17

Solar energy – The World's fastest growing energy

There are two different distinguished technologies in solar energy: solar collectors and solar cells (photovoltaic modules. Find out more>>>
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October
16

Schmitz Cargobull Baltic: we have been making products so far that started with the EU project

Raimundas Petrauskas, Head of Schmitz Cargobull Baltic, shares the success story of Schmitz Cargobull Baltic. 
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October
15

EUR 72.7 million EU investment in R&D

LVPA and the Ministry of Economy and Innovation invites to file applications under the EU investment measure ‘Experiment’. 
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News

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