September
09

TARGETED FUNDING HELPS LITHUANIAN COSMETICS DEVELOPERS MOVE FORWARD

The company Cosmoway is one of the fastest growing cosmetics manufacturers in Lithuania, whose success is also supported by cooperation with the Lithuanian Business Support Agency (LBSA); Cosmoway is a partner in five completed and ongoing projects.

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September
06

CONGRATULATIONS ON LITHUANIAN STATISTICS DAY

Scientists say that a person stands for 30 years, sits for 17 years and walks for 16 years. We sleep for a third of our lives, work for 24.5 years and exercise for 1 year and 4 months. Canadian scientists have calculated that we spend 7 years of our lives just lying in bed, for 420 days we are sick with something more serious than a cold, and 500 days with a runny nose. Some people think that we spend 1.3 years in shops, others that we spend 8 years.

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September
03

THE CITY LOCATED NEAR THE NEVĖŽIS HAS FUN WHILE INVESTING AND CELEBRATES JOYFULLY

‘Enjoy the moment’, announces Panevėžys, inviting you to a three-day celebration. A city that combines industry and art, an investing and expanding regional centre, today starts celebrating its 518th birthday.


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September
02

DISTANCE TRAINING FOR ‘E-COMMERCE MODEL COVID-19’ APPLICANTS HAS TAKEN PLACE

It has already been mentioned that up to EUR 40 million has been earmarked for this measure and that micro, small and medium-sized enterprises developing e-business models will be able to apply for it. Each of them can expect to receive between EUR 10,000 and EUR 50,000 in funding.

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September
01

LEARNING CAN BE LIKE A GAME: LITHUANIANS ARE DEVELOPING A SYSTEM ENSURING THIS FOR CHILDREN

Non-formal education is becoming increasingly important for today’s schoolchildren, as it can not only give them additional knowledge, but perhaps even introduce them to a future profession. Encouraging children’s involvement and using the funding under the measure ‘Experiment’ (in Lithuanian: Eksperimentas) published by the Lithuanian Business Support Agency (LBSA), public institution VŠĮ Robotics Academy is currently developing a smart personalised education system for children and young people.

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September
01

‘CREATIVE VOUCHERS COVID-1’ MEASURE RECEIVES 895 APPLICATIONS AT A RECORD PACE

The Lithuanian Business Support Agency (LBSA) received 895 applications under the expired ‘Creative Vouchers Covid-19’ measure within one and a half months, where the amount of investment requested is more than seven times higher than the budget of the call.
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August
27
Arūnas Burinskas

Arūnas Burinskas: ‘EU investment in business competitiveness: innovation, digitalisation and sustainable development’

On 26 August, Klaipėda hosted the first conference ‘Small Business Month. Changes for Your Growth’ as part of the ‘Gazelė’ event organised by the daily newspaper Verslo žinios. After a year’s break, the live format of the event returned. It announces and rewards the country’s fastest-growing companies in 2018–2020. This year, 4,940 companies are contending for the ‘Gazelė 2021’ title.

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August
24

Product and service design: increases business competitiveness, creates more added value

According to Aurimas Želvys, Director of the Lithuanian Business Support Agency (LBSA), technological innovations are not enough in the competitive environment – not only for start-ups, but also for small and medium-sized enterprises, and innovations in the business processes of client (consumer) needs are also crucial.
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August
19

LBSA has published a call for applications under the measure ‘E-commerce model COVID-19’

Small and medium-sized enterprises can receive up to EUR 50,000 for the deployment of e-commerce models under the ‘E-commerce Model Covid-19’ measure. The Lithuanian Business Support Agency (LBSA) is already waiting for applications.
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August
18

Two more support opportunities for self-employed people

Self-employed people can once again apply for business liquidity subsidies, and will soon be eligible for another form of support – reimbursement of part of their fixed operating costs.
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August
09

Sustaining the creative and cultural industries is important to the economy as a whole

Creators and cultural operators will feel the effects of the pandemic for a long time to come, as many of them have been left without sources of income because they have been unable to carry out their activities directly.

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August
05

NEW STATE INJECTION CAN HELP BUSINESSES TO SURVIVE AND GROW WINGS

‘In the event of crises such as the pandemics caused by Covid-19, the benefits of public sector measures for companies are the greatest’, said Arūnas Burinskas, Deputy Director of the Investment Management Service of the Lithuanian Business Support Agency (LBSA).
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August
04

TRAINING FOR APPLICANTS FOR THE ‘CREATIVE VOUCHERS COVID-19’ MEASURE HAS TAKEN PLACE

As of 16 July, the Lithuanian Business Support Agency (LBSA) has been accepting applications for funding projects under the measure ‘Kūrybiniai čekiai Covid-19’ (Creative Vouchers Covid-19) for original product solutions – the development and deployment of non-technological innovations.

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August
03

FUNDING OF UP TO EUR 70,000 TO HELP INNOVATION-SEEKING COMPANIES RECOVER FROM A PANDEMIC

‘After the pandemic many companies have lost contact with their customers, so in these difficult times the most important thing is to concentrate on their strengths and think about how to get back on the market’, said Aurimas Želvys, Head of the Lithuanian Business Support Agency (LBSA).

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August
02

OPTOGAMA LASERS – FOR BUSINESS AND PEOPLE

Optogama, a high-tech company that develops unique and customised laser products and is a partner in four projects with the Lithuanian Business Support Agency (LBSA), will soon bring to the market products that are unparalleled in the world.

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July
30

HISTORIC KLAIPĖDA IS GETTING YOUNGER WITH THE HELP OF EU INVESTMENT

Klaipėda, a distinctive city with high potential, the country’s gateway to the sea and a target for investors, is celebrating its 769th year. The Lithuanian Business Support Agency (LBSA) congratulates the city, which is also characterised by an abundance of EU investment.


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July
28

EU TARGETS INVESTMENT IN RAPID AND NON-INVASIVE DIAGNOSIS OF DISEASES

World Hepatitis Day is celebrated on 28 July. Viral hepatitis is an inflammation of the liver caused by different viruses (A, B, C, D, E). Hepatitis ranks second in the number of deaths from infectious diseases after tuberculosis.
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July
22

FOR TRAVELERS IN LITHUANIA – MEASURES TO MAKE IT EASIER TO KNOW THE COUNTRY

This is the second summer when many people have chosen to spend their holidays in Lithuania due to the global pandemic that has gripped the world, and are enjoying rediscovering their country and its most beautiful places. The Lithuanian Business Support Agency (LBSA) shares information about destinations that are now easier to find and a must-see.
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July
19

LAST CONTRACTS SIGNED AFTER THE END OF THE INOCONNECT MEASURE

The Lithuanian Business Support Agency (LBSA) has signed all the financing contracts under the InoConnect measure. During the period of implementation, EUR 1.31 million of EU investment was allocated to 139 projects.
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July
16

THE COVID-19 CREATIVE VOUCHERS MEASURE LAUNCHES − THE LBSA WELCOMES APPLICATIONS

Starting today, 16 July, the Lithuanian Business Support Agency (LBSA) is accepting applications for funding projects under the Covid-19 Creative Vouchers measure. This is aimed at the development and deployment of original product solutions, i.e. non-technological innovations.
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July
14

LBSA DIRECTOR AURIMAS ŽELVYS: THE IMPORTANCE OF SPECIALISATION OF LITHUANIAN REGIONS IS INCREASING

The new EU funding period provides much more money for Lithuanian regions than for Vilnius County, which has already practically caught up with the EU average in terms of purchasing power parity.
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June
29

SMALL IN SIZE, BIG IN ACHIEVEMENTS

The calendar marks Micro, Small and Medium Enterprises Day − a celebration of more than 99% of Lithuanian businesses, which also dominate in the basket of projects of the Lithuanian Business Support Agency (LBSA) [Lithuanian LVPA − Lietuvos Verslo Paramos Agentūra] accounting for almost 90% of its content.
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June
29

EU INVESTMENTS AND THEIR PROSPECTS − FOR REPRESENTATIVES OF THE MAŽEIKIAI AND TELŠIAI REGIONS

The LBSA (Lithuanian Business Support Agency) [Lithuanian LVPA − Lietuvos Verslo Paramos Agentūra] continues its series of regional webinars. These are providing entrepreneurs from specific regions of Lithuania, and government representatives responsible for investment, with an overview of EU investments already made in the region, as well as a presentation of the EU investment trends for 2021−2027.
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June
28

THE LBSA HAS EVALUATED ALL APPLICATIONS FOR GRANTS FROM INDEPENDENT AND NON-INDEPENDENT ENTERPRISES

The Lithuanian Business Support Agency (LBSA) [Lithuanian LVPA − Lietuvos Verslo Paramos Agentūra] has completed the evaluation of applications for grant submitted by 8,229 independent and non-independent enterprises affected by Covid-19 for almost EUR 113 million. Applications were accepted until June and the lists of enterprises were submitted for evaluation for a further three weeks.
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June
23

NOW AND FUTURE EU INVESTMENT TRENDS PRESENTED AT THE PANEVĖŽYS BUSINESS FORUM

On 25 May this year, ‘Verslo žinios’ (Business news) invited entrepreneurs from the Panevėžys region to a discussion on business issues and ways to cope with today’s business challenges.
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June
21

EU INVESTMENT HELPS CREATE HOMES YOU WANT TO LIVE IN

After establishing a wooden construction business under the motto ‘More nature, less chaos’, Darius Koklevičius of Kaišiadorys has built four factories in 13 years. He has established himself in Lithuania with the brand ‘Meistro namai’, set up representative offices in six foreign countries and is working with his team on plans for further expansion.
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June
21

MODERNISATION OF STREET LIGHTING MEASURE FOR PROJECT PROMOTERS

The Lithuanian Business Support Agency (LBSA) [Lithuanian LVPA − Lietuvos Verslo Paramos Agentūra] advises that the funding under the Road Maintenance and Development Programme is a possible source of contribution for the project promoters of the measure ‘Modernisation of street lighting‘.
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June
18

THE DESCRIPTION OF THE COVID-19 E-COMMERCE MODEL IS BEING COORDINATED

The Ministry of Economy and Innovation has drafted and submitted for public consultation a draft description of the projects funding terms and conditions under the Covid-19 E-Commerce Model measure. It is available here.

Comments on the draft description can be submitted until 2 July 2021.


Please send your comments to es-priemoniu-aptarimas@eimin.lt.
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June
16

LITHUANIAN FOOD DISCOVERS NEW WAYS TO THE WORLD

Japan, South Korea and Taiwan are not only exotic tourist destinations but also new Lithuanian food markets, the paths to which have been paved by the activity and innovation of companies, the high quality of the products they supply and EU investments.
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June
15

DIRECTOR OF THE LBSA SPOKE AT THE KLAIPĖDA BUSINESS FORUM

Business forums organised by ‘Verslo žinios’ travel to major Lithuanian cities. This time the focus is on Klaipėda. Speakers, including entrepreneurs, bankers, business experts and investment specialists, speak for and about Klaipėda.
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June
15

CELEBRATING 440 YEARS OF ALYTUS: THE CITY ENERGY AND ENTREPRENEURSHIP ARE REFLECTED IN THE EU INVESTMENT MAP

On 15 June, Alytus celebrates its 440th anniversary. The largest city in southern Lithuania is actively investing EU funds and rapidly implementing projects to strengthen the business environment and energy.
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June
15

THE NATIONAL SELECTION FOR THE EUROPEAN ENTREPRISE PROMOTION AWARDS IS EXTENDED

The Ministry of Economy and Innovation invites municipal and regional project promoters to apply for the national selection of the European Enterprise Promotion Awards, organised by the European Commission. The aim of these awards is to recognise and reward outstanding public and private cooperation initiatives that promote entrepreneurship.
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June
07

LITHUANIAN BUSINESS SUPPORT AGENCY (LBSA) REPORTED ON DIGITALISATION MEASURES IN THE EVENT ‘TREND MAKERS: THE REALITY OF DIGITALISATION’

On 3 May this year, the College of Social Sciences organised a business forum ‘Trend Makers: The Reality of Digitisation’ which was broadcast on Delfi TV. The viewers of the event learnt more about the European Union’s investments in digitisation of business and cyber security issues, and heard about good practices of digitisation from such companies as UAB Ondato, UAB Paysera LT, UAB Topo Grupė, AB Swedbank, AB Telia Lietuva, VšĮ Versli Lietuva, UAB Bitė Lietuva, and representatives from ERGO Insurance SE Lithuanian Branch and other experts. Discussions ‘Business Opportunities in Digital Infrastructure’ and ‘Remote Working Today and Tomorrow’ took place during the event.
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June
07

EUR 148 MILLION OF SUPPORT DISTRIBUTED TO BUSINESSES

Up to 7 June, the Ministry of Economy and Innovation has approved a total of EUR 148.1 million in support for businesses affected by quarantine restrictions.
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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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