Pramuštgalvis, a company that has been operating in Šiauliai for almost three decades, has strengthened its competitive edge in the market with the support of EU Structural Funds. 

The Ministry of Economy and Innovation will partially reimburse the costs of recertification to help manufacturers of products of Lithuanian origin to replace the raw materials and components used in their production. EUR 1.5 million is earmarked for this purpose.

On the initiative of the Ministry of Finance, the competition for the best European Union funds investment projects in Lithuania – ‘European Sails 2022’ – starts today. 

Yesterday, the requirements for the execution of projects were presented to 19 companies that have been awarded funding under the ‘Expo Certificate LT’ measure.

Together with the Innovation Agency, Zap grupė, a company manufacturing electrical and lighting equipment, is implementing a project to digitise production. 

On June 29, remote training for project promoters under the funding measures ‘Incentives for the Cultural and Creative Industries Sector to Create Competitive Cultural Products’ and ‘Incentives to Improve the Infrastructure of Cultural and Creative Industries (CCIs)’ took place.

On 28 June, remote training for project promoters under the ‘New Opportunities LT’ funding measure took place.

Domestic companies are encouraged to look for new markets or replace risky ones. For the certification of products to be exported, EUR 804,000 in funding under the European Union investment instrument ‘Expo Certificate LT’ was allocated to 19 companies.

The Innovation Agency has completed the evaluation of applications requesting the allocation of funds under the measure ‘Incentives to Improve the Infrastructure of Cultural and Creative Industries (CCIs)’ for the implementation of projects. 

More than EUR 5.2 million has been allocated under the European Union investment instrument ‘New Opportunities LT’ to help the country’s companies find new foreign markets and expand existing ones.

The Minister of Economy and Innovation, Aušrinė Armonaitė, has appointed the members of the Board of the new Innovation Agency Lithuania for a four-year term of office. The Board will be composed of seven members: three delegates from government departments and four independent members.

To increase innovation development and international cooperation opportunities for Lithuanian companies, Innovation Agency Lithuania encourages Lithuanian manufacturing companies to take advantage of various innovation financing opportunities. 

Modern mousetraps and nesting boxes, a device for assessing the freshness level of meat and fish products, Braille packaging, phone and computer cases made of wood, stone or compressed hay, ergonomic furniture and smart games – these and thousands of other innovative products have been created thanks to the funding provided to their creators under the ‘Design LT’ measure.

Innovation Agency Lithuania, established by the Ministry of Economy and Innovation based on best practices of foreign countries, has opened for business. Romualda Stragienė, who has extensive experience in business, was introduced as the Head of the Agency at the opening event of the new office on Monday.

Innovation Agency Lithuania established by the Ministry of Economy and Innovation will be headed by Romualda Stragienė, who has extensive experience in business.

The classic start from production in the basement or garage of a house to international recognition is not always successful, but furniture designer and manufacturer UAB Virūna is one of the best examples. They have grown independently for almost thirty years, and only last year benefited from EU investment opportunities for the first time.

The project ‘Wings of Design’ implemented by the Lithuanian Council for Culture and developed together with the Ministry of Culture of the Republic of Lithuania, has been launched.

The Innovation Agency has completed the evaluation of applications for the call ‘Incentives for the Cultural and Creative Industries Sector to Develop Competitive Cultural Products’ (Paskatos kultūros ir kūrybinių industrijų sektoriui kurti konkurencingus kultūros produktus) launched by the Ministry of Culture.

The Innovation Agency draws the attention of contracting authorities to the adoption by the Council of the European Union on 8 April 2022 of Council Regulation (EU) 2022/576 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (the ‘Regulation’). The restrictive measures adopted by this Regulation are directly applicable to international procurement and are binding on all persons.

UAB Henris from Šiauliai, which will celebrate its thirtieth anniversary next year, has been known for many years as a solid and reliable partner providing qualified and innovative services. The company specialises in two areas: energy projects (design, manufacture and installation of heating plants, boiler houses, building engineering systems, pipelines, air conditioning systems, renewable energy sources) and processing of metal bars, pipes and profiles (serial production of parts, components and structures).

The information website for the EU Funds Investment Programme 2021–2027 and the ‘New Generation Lithuania’ plan – www.esinvesticijos.lt – has been launched. It provides potential applicants, project promoters, partners, other interested groups and the public with comprehensive information on EU-funded investments in one place.

Robotics, photonics, micro- and nanoelectronics and industrial biotechnologies in Lithuanian businesses increased with the completion of thirty-seven projects, which were partly financed by the funds of the ‘DPT pramonei LT+’ (High-impact technologies (HIT) for industry LT+): measure administered by the Innovation Agency*.

A project co-financed by EU investments encouraged UAB Maksima to start a new development phase. This included the construction of new production and warehousing buildings, and the acquisition of more efficient digital production equipment.

The Klaipėda Chamber of Commerce, Industry and Crafts organised the first business mission for representatives of tourism business in western Lithuania after a two-year break related to the Covid-19 pandemic. The three-day business event for tourism companies from Klaipėda, Palanga and Šilutė is organised in the most important areas of northern German – Schleswig-Holstein and Hamburg.

Today, the European Commission approved the Partnership Agreement for Lithuania – the main strategic document for the programming period 2021–2027 – which provides for investments of almost EUR 6.4 billion. In addition, Lithuania will contribute EUR 1.7 billion in national co-financing by bringing the total investment volume to EUR 8 billion.

For more than 25 years, LT Technologies has been manufacturing furniture components, medical and commercial equipment, and other products. It is one of the leading companies in the field of precision metal pipe processing, undertaking all metal pipe and sheet metal processing. Production is carried out in accordance with the requirements of the quality management system ISO 9001:2008.

The call ‘snack and keep calm’, which has become almost an aphorism, has a specific object for which it was created. Ustukių malūnas, a family company operating in Pasvalys with many years of experience and deep traditions in the production of healthy products, has also benefited from EU investments for growth.

The Innovation Agency, set up by the Ministry of Economy and Innovation, has officially launched its activities. The agency will be responsible for Lithuania’s innovation ecosystem and for fostering innovation at all stages of business development – from developing ideas to delivering products to end users.

In 2021, the Lithuanian Business Support Agency (LBSA) achieved all the main planned indicators, exceeding many of them and some of them by several hundred per cent.

The street lighting system in Druskininkai Municipality and its elderships will be thoroughly modernised – the first works have already started in Druskininkai.

As of 1 April 2022, Agnė Vaitkūnienė, Director of Investment Management Service of the LBSA, will take over the position of the Acting Director of the Lithuanian Business Support Agency (LBSA) and subsequently of Innovation Agency. Saulius Merkys, who has been the acting director of the LBSA until now, has stepped down due to family circumstances. He will continue to work for the LBSA and ensure the operation of the Service and Risk Assessment Service.

The call for proposals for the measure ‘Incentives to improve the infrastructure of cultural and creative industries enterprises’ (Paskatos gerinti kultūros ir kūrybinių industrijų įmonių infrastruktūrą) launched by the Lithuanian Business Support Agency (LBSA) and the Ministry of Culture has ended.

The Kaunas Chamber of Commerce, Industry and Crafts, uniting more than 660 companies from Kaunas and Marijampolė regions under its roof, has successfully implemented the project ‘Development of export markets through participation in international events abroad’.

Please be informed that the address of the Lithuanian Business Support Agency’s registered office is changing. From 1 April 2022, the Lithuanian Business Support Agency will move to new premises at Juozo Balčikonio g. 3, LT-08247 Vilnius.

The Lithuanian Business Support Agency (LBSA) has finished accepting applications under the measure ‘New Opportunities LT’ (Naujos galimybės LT), which is aimed at micro, small and medium-sized enterprises (MSMEs) to increase the export of their products, to focus on the search for new foreign markets and to develop existing ones.

Until 22 March, the Lithuanian Business Support Agency is accepting applications for the measure ‘New opportunities’ (Naujos galimybės) No 6.

Recently, cyberattacks against the servers of the Lithuanian Business Support Agency (LBSA) and its service providers have increased by disrupting the operation of the LBSA‘s email.

Nineteen years of operation for the Lithuanian Business Support Agency (LBSA) is the last anniversary that the agency is celebrating under this name. Since its inception, its portfolio has accumulated 8,411 completed and ongoing projects with a total value of almost EUR 5.4 billion and an EU investment volume of over EUR 3.1 billion.

As already announced, the LBSA is waiting for applications from those wishing to receive EU funding under the ‘Expo Certificate LT’ measure as of 28 February 2022.

On 28 February 2022, the LBSA published the call for applications for funding under the ‘New Opportunities LT’ measure. The objective of the measure is to encourage micro, small and medium-sized enterprises (SMEs) to increase the export of their products, to focus as much as possible on finding new foreign markets and expanding existing ones.

On Wednesday, the Government approved proposals urgently prepared by the Ministry of Economy and Innovation to exclude companies of countries hostile to our country from public procurement proceedings in Lithuania, or to terminate contracts already concluded with them.

The Minister of Economy and Innovation has approved funding of almost EUR 8.6 million for the reserve list projects under the measures ‘E-Commerce Model Covid-19’ and ‘Creative Vouchers Covid-19’.

The Lithuanian Business Support Agency (LBSA) has published a call for applications for the measure ‘Expo Certificate LT’ to promote the internationalisation of enterprises by financing investments for the certification of products intended for export. Applications may be submitted from 28 February 2022.

The call for applications for the measure ‘Paskatos dizaino kūrėjams: Dizaino sparnai’ (Incentives for Designers: Design Wings) has closed.

On 1 March, the third compulsory notice on reorganisation was published in the Information Bulletin of the State Enterprise Centre of Registers No 2022-60 in the section ‘Public Notices of Legal Entities’ and on the website of the Lithuanian Business Support Agency.

The Lithuanian Business Support Agency (LBSA) has published a call for applications for funding under the ‘Naujos galimybės LT’ (New Opportunities LT) measure. The aim is to encourage micro, small and medium-sized enterprises (SMEs) to increase the export of their products, to focus as much as possible on the search for new foreign markets and the development of existing ones.

The Lithuanian Business Support Agency (LBSA) has published a call for applications for the measure ‘Expo sertifikatas LT’ (Expo Certificate LT) to promote the internationalisation of enterprises by financing the certification of products intended for export. Applications for this measure may be submitted from today.

UAB Acrux Cyber Service together with its partners UAB Baltic iTech, the Medical Centre of Anaesthesiology, Intensive Care and Critical Conditions of Public Institution Vilnius University Hospital and the Lithuanian Business Support Agency is implementing the project ‘An artificial intelligence platform for the early detection of lung lesions during artificial lung ventilation’.

The call for proposals for the measure ‘Incentives for the development of competitive cultural products for cultural and creative industries sector’ launched by the Lithuanian Business Support Agency (LBSA) and the Ministry of Culture is now closed for applications.

The Lithuanian Business Support Agency (LBSA) has launched a call for applications for funding under the ‘New Opportunities LT’ instrument. The aim is to encourage micro, small and medium-sized enterprises (SMEs) to increase the export of their products, to focus as much as possible on the search for new foreign markets and to develop existing ones.

Distance training of the measures ‘Creative Vouchers Covid-19’ and ‘E-Commerce Model Covid-19’ was organised for project promoters. The professionals of the Lithuanian Business Support Agency (LBSA) presented detailed information on the implementation of the contracts under these instruments.

For 60 years, Druskininkai has been home to the Draugystės sanatorija, a source of health, peace and beauty, which provides inpatient rehabilitation, supportive and outpatient rehabilitation, and treatment services for adults. The profile of the sanatorium is the treatment of diseases of the nervous, circulatory, respiratory and digestive systems, disorders of the musculoskeletal system and diseases caused by ionising radiation. It also offers disease prevention, recreation and relaxation spa procedures.

The Public Institution Lithuanian Business Support Agency announces a public auction for the sale of redundant or ineligible (not usable) fixed and short-term tangible assets. The following assets will be sold: laptops, furniture, household appliances and other items. 

Following the decision of the Ministry of Economy and Innovation on the funding of applications, the Lithuanian Business Support Agency (LBSA) has started signing contracts with the project promoters under the ‘E-Commerce Model Covid-19’ measure.

The activity of AB Higėja is the production of household and professional products such as soaps, detergents, cleaners and disinfectants. Together with the Lithuanian Business Support Agency (LBSA), this company has successfully implemented a number of projects supported by the EU Structural Funds.

What project promoters need to know and do after a project has been completed is explained in detail in the Post-Project Maintenance Memo for Project Promoters, prepared by the Lithuanian Business Support Agency (LBSA).

In accordance with Resolution No 1092 of the Government of the Republic of Lithuania of 15 December 2021 on the consent to reorganise the Public Institution Versli Lietuva (Enterprise Lithuania), and Order No 4-1414 of the Minister of Economy and Innovation of the Republic of Lithuania of 23 December 2021, the second announcement on the prepared terms and conditions for reorganisation and the future reorganisation was published on 27 January 2022.

Vilnius is celebrating its 700th year since its foundation by being named one of the 25 most promising cities in the world for the first time. This is thanks to a significant contribution of businesses operating in the city and the EU investment provided by the Lithuanian Business Support Agency (LBSA) for the implementation of their projects.

UAB Optonas, a thirteenth-year-old manufacturer of optical components and coatings, is rapidly modernising after receipt of nearly EUR 4 million in EU investment for its projects under contracts with the Lithuanian Business Support Agency (LBSA).
According to the company’s founder and CEO, Gintas Jakubėnas, the support will enable the company to acquire high-tech equipment with the world’s highest precision capabilities in the production of coatings, automate production processes, expand the optical element inspection base and create sophisticated optical elements for global markets.

Representatives of cultural and creative industries (CCIs) attended a detailed presentation about two EU funding instruments in this area during distance training, organised by the Lithuanian Business Support Agency (LBSA). About 200 questions were received during the event.

The Lithuanian Business Support Agency (LBSA) is constantly improving its business processes and the quality of public services provided. In December last year, the LBSA together with its partner UAB Rinkos tyrimų centras (Market Research Centre) conducted annual quantitative and qualitative surveys of its clients’ opinions to achieve the set objectives. 

UAB ASAJA, a successful wood processing company since 1999, together with the Lithuanian Business Support Agency (LBSA), has successfully implemented two projects under the Operational Programme for EU Funds’ Investments for 2014–2020.

On the eve of the new year, the Lithuanian Business Support Agency and the Ministry of Culture announced a full package of funding measures for representatives of cultural and creative industries.

The Lithuanian Business Support Agency (LVPA) emphasises the importance of adhering to the terms and conditions of purchase contracts and the payment procedure, to avoid material errors for project promoters.

On the last day of 2021, the Lithuanian Business Support Agency (LBSA) and the Ministry of Culture published a call for proposals under the measure ‘Incentives for the Cultural and Creative Industries Sector to Develop Competitive Cultural Products’.

From 31 December, the Lithuanian Business Support Agency (LBSA) and the Ministry of Culture are inviting representatives of cultural and creative industries (CCIs) to submit applications for the call under the measure ‘Incentives to Improve the Infrastructure of Cultural and Creative Industries’.

Today, the Lithuanian Business Support Agency has completed the evaluation of the measure ‘E-Commerce Model Covid-19’. The aim of this measure is to encourage companies to implement information technology for the electronic management of business transactions.

On December 31, the Lithuanian Business Support Agency (LBSA) published a call for proposals under the measure prepared by the Ministry of Culture ‘Incentives for Designers: Wings of Design’.

The terms and conditions of the reorganisation of the Public Institution Versli Lietuva (Enterprise Lithuania) were prepared pursuant to Resolution No 1092 of the Government of the Republic of Lithuania of 15 December 2021. This was on the consent to reorganise the Public Institution Enterprise Lithuania and Order No 4-1414 of the Minister of Economy and Innovation of the Republic of Lithuania of 23 December 2021.

On the occasion of Christmas, the Lithuanian Business Support Agency congratulates its partners, followers, project implementers and the many hard-working people contributing to the beautification and growth of Lithuania.

Following the decision of the Ministry of Economy and Innovation on the funding of applications, the Lithuanian Business Support Agency (LBSA) is starting to sign contracts with the project promoters under the measure ‘Creative Vouchers Covid-19’ (Kūrybiniai čekiai COVID-19).

Today, the Resolution of the Government of the Republic of Lithuania on the consent to reorganise Všį Versli Lietuva (Public Institution Enterprise Lithuania) by merging it with Všį Lietuvos verslo paramos agentūra (Public Institution Lithuanian Business Support Agency) came into force.

Ortho Baltic was founded in 2001. Starting its business as a manufacturer of individual orthopaedic footwear, the company has substantially expanded its activities over the last 20 years by investing continuously in research, experimental development and innovation (R&D). 

The Lithuanian Business Support Agency (LBSA) has announced that the term for the evaluation of applications for the measure ‘E-Commerce Model Covid-19’ (E. komercijos modelis COVID-19) has been extended until the end of this year – 31 December.

The social network icon block on the home page of the Lithuanian Business Support Agency (LBSA) website has been supplemented by an orange icon with three letters – RSS.

While discussing the problems in their work that directly affect people’s lives, vascular surgeons, Dr Tomas Baltrūnas and Mindaugas Paškevičius, had an idea to create an innovative solution, which was supported by the Lithuanian Business Support Agency (LBSA).

The UAB Softneta project was among the top five in the Smart Europe category announced in the Regiostars Awards, a competition organised by the European Commission. It was implemented together with the Lithuanian Business Support Agency (LBSA).

On Thursday, the Seimas approved a package of laws prepared by the Ministry of Economy and Innovation that will allow the continuation of the innovation reform and the establishment of an agency in charge of the country’s innovations. This reform will boost the country’s innovation potential and help create a high value-added economy.

How is the country’s energy sector changing and evolving, how are green energy developers getting involved, what’s new, where are we and what lies ahead? Algirdas Vaidotas, Head of Project Risk Prevention Centre of the LBSA presents which green energy projects are being promoted by the Lithuanian Business Support Agency. Together with Dr Darius Milčius, Head of the Hydrogen Energy Technology Centre at the Lithuanian Energy Institute, Vaidotas invites everyone to a webinar on green energy. This time the conversation will be about hydrogen.

The start of the busy heating season is a reminder of the importance of renewable energy sources (RES) not only for individuals but also for businesses, which need energy for their production processes. Last year, the Lithuanian Business Support Agency (LBSA) launched a call for proposals for the ‘Renewable Energy Sources for Industry LT+’ (Atsinaujinantys energijos ištekliai pramonei LT+) measure, which resulted in 171 contracts signed and almost EUR 32 million in non-refundable subsidies.

As of 2016, wind energy component manufacturing companies operating in Lithuania were attracting around EUR 25 million of investment annually. ESO data shows that in 2019–2020 the number of people in Lithuania who have installed solar panels on the roofs of their houses increased from 3,384 to 8,640, and another 3,500 people have purchased solar panel systems from the online platform ‘Solar Parks’ and generate electricity remotely,’ says Algirdas Vaidotas, Head of Project Risk Prevention Centre of the LBSA. He and the President of the Lithuanian Solar Energy Association Vitas Mačiulis have invited everyone to a webinar on green energy.

‘More than 8,000 people have installed solar panels on the roofs of their homes in the last two years alone. In Lithuania, residents of individual houses and apartment buildings can also receive state support for installing solar panels, which helps them save 35-40% of the cost of installing them,’ says Algirdas Vaidotas, Head of Project Risk Prevention Centre of the LBSA.

Modern innovation is not only important for business or industrial development but also for improving health tools. One of the growing challenges is the increasing incidence of diabetes, which is why innovative diagnostic methods are being developed with the support of the Lithuanian Business Support Agency (LBSA).

According to statisticians, Lithuanian business, which employs over 1.112 million people, accounts for about 74% of the country’s gross added value.

When the international community celebrates the World Science Day for Peace and Development for the nineteenth time, the Lithuanian Business Support Agency (LBSA) will be recognising projects in this field and the EU investments that have been allocated to fund them. Scientific institutions hold conferences dedicated to that day and companies organise open days.

In 2017, the Project Management Institute estimated that the value of the project-oriented economic activities worldwide will grow from EUR 12 trillion to EUR 20 trillion within a decade. By 2027, it is estimated that over 88 million people will be working in project management.

On Wednesday, the government approved a package of laws necessary for the Ministry of Economy and Innovation to implement the innovation reform launched earlier this year, and to set up an agency in charge of innovation.

UAB Raguvos baldai ir Ko is the largest manufacturer of bathroom furniture and parts in the Baltic States. The company, in cooperation with the Lithuanian Business Support Agency (LBSA), has successfully implemented an investment project in advanced technologies. The project was implemented under the measure ‘Digitalisation of Industry LT’ partly financed by the European Regional Development Fund. A grant of EUR 407,683 was allocated for the implementation of the project.

A catalogue has been compiled to meet the public and private sector need to quickly find accurate information on the various project funding programmes offered by the EU.

Yesterday, the event of business leaders ‘Gazelė 2021’, which travelled all over Lithuania, finished in Vilnius. The conference was attended by almost 600 participants. More than 110 entrepreneurs communicated live, and another 460 watched the event online. Aurimas Želvys, Head of the Lithuanian Business Support Agency (LBSA), welcomed the participants and presented the details of the European Union Investments in the period of 2014–2020 to increase the competitiveness of the country’s business

The deadline for the submission of applications under the measure ‘SmartInvest LT+’ has expired. During the month, the Lithuanian Business Support Agency (LBSA) received 36 applications requesting EUR 49.3 million in EU investment for the implementation of projects.

Two Lithuanian projects are among the 25 finalists in the European Commission’s REGIOSTARS competition, selected from a list of 214 candidates by independent EC experts. 

Bio Circle Balticum, which will celebrate its tenth anniversary next year, more than doubled its growth during the pandemic. This is due to the company’s direction and the smart investment of EU funds together with the Lithuanian Business Support Agency (LBSA).

According to Google Analytics data, the Lithuanian Business Support Agency’s website received almost 50% more visitors from the beginning of this year to the end of September than at the same time last year.

Extreme weather conditions that destroy biodiversity, negatively impact economies and human health are no longer surprising. These are the consequences of climate change, and the Lithuanian Business Support Agency (LBSA) has mitigation measures in its portfolio.

In 1972, the General Assembly of the United Nations proclaimed 24 October as World Information Technology Development Day.
 

23 October is Molecule Day and although it is mostly celebrated by chemists, molecular research is important for everyone. The Lithuanian Business Support Agency (LBSA) supports science and technology innovations that seek solutions for humanity with the precision of molecules.

On 21 October 1983, the speed of light was officially confirmed to be 299,792.458 km/s. To mark this date, 21 October has been declared World Photonics Day.
 

In 2010, the United Nations General Assembly adopted a resolution declaring 20 October as World Statistics Day. Tomas Vaičiulis, Head of Operational Processes and Programmes Division of the Lithuanian Business Support Agency (LBSA), welcomed the participants of the ReThink Business 2021 conference organised by the Verslo Žinios team. He provided interesting statistics about the benefits of EU investments in Lithuania.

World Food Day is an opportunity to promote healthy eating more actively, to organise support campaigns and to remember everyone’s contribution to tackling the world’s food challenges.

On 14 October, the fastest-growing companies of Kaunas, Alytus and Marijampolė municipalities in 2018–2020 were presented with awards at the conference ‘GAZELĖ 2021’, organised by the newspaper Verslo žinios in Kaunas.

15 October is World Handwashing Day, which aims to remind people of the importance of handwashing, which has become even more important in recent pandemic years.

PET packaging manufacturer UAB Putokšnis, during the investment period of the European Union (EU) funds in 2014–2020, in cooperation with the Lithuanian Business Support Agency (LBSA) received almost EUR 6 m in funding under various instruments. 

Post Day is celebrated on 9 October, the date on which the Universal Postal Union was founded in 1874, as the specialised body of the League of Nations to organise and improve international postal communications.

As the days get shorter and the nights get longer, people are avoiding unlit places, but with the help of the Lithuanian Business Support Agency (LVPA) there are fewer and fewer of them.

On 7 October at 10.00 a.m., distance training was held for those interested in applying for funding under the ‘SmartInvest LT+’ measure.

Domantas Užpalis, the founder of the Naive chocolate brand and the head of UAB Mulatė, has been creating the sweet story of Lithuanian chocolate for more than 10 years. ‘We probably should have celebrated the anniversary last year, but we didn't have time for that – times are so turbulent, and there is no shortage of orders,’ he says.

The Lithuanian Business Support Agency (LBSA) organises training for potential applicants under the measure ‘SmartInvest LT’. It is very important for applicants preparing research and experimental development (R&D) projects to use both the Frascati and Oslo manuals. 

On 30 September, the newspaper Verslo žinios organised a conference at the event ‘Gazelė 2021’ in Šiauliai. 

The Lithuanian Business Support Agency (LBSA) has organised training for potential applicants under the ‘SmartInvest LT+’ measure on 7 October at 10 a.m.

Today marks the 41st World Tourism Day to promote tourism development and cultural ties. In Lithuania, the Lithuanian Business Support Agency (LBSA) also contributes to the development of tourism by financing projects that invite you to discover the most interesting corners of the country.

To attract foreign investments in the field of research, experimental development and innovation (R&D), a call for applications under the measure ‘SmartInvest LT+’ has been published. The Lithuanian Business Support Agency (LBSA) is waiting for applications for project funding from 27 September to the end of 27 October.

Hundreds of companies could tell how digitisation has changed the face of business, but Žydrūnas Raščius, Head of UAB DT artelė in Panevėžys, illustrates the impact clearly – his business has seen the leap of a century.

Fireworks and festive events started in Šiauliai, the capital of Aukštaitija which is celebrating its 785th anniversary, two weeks ago. There is plenty to celebrate – various projects creating jobs and growing business are being actively developed throughout the region.

At the end of the call for proposals for the ‘E-Commerce Model Covid-19’ measure, the Lithuanian Business Support Agency (LBSA) has received 1,670 applications requesting more than EUR 69 million of EU investment. There has been no such number of applications per call in the history of LBSA.

The Ministry of Finance has invited public sector organisations to submit applications to fund the costs of the procurement of GovTech solutions under the DNA Plan Action ‘Creating an innovation market for the digital economy by funding the costs of the innovation procurement of GovTech solutions and promoting green innovation’. 

On 16 September, the conference event ‘GAZELĖ 2021’ was organised by the newspaper Verslo žinios in Panevėžys. Panevėžys county companies that grew the fastest in 2018–2020, were announced and awarded at the event – 251 such companies emerged in Panevėžys, Rokiškis, Kupiškis, Pasvalys and Biržai. Compared to 2018, the total revenue of companies in the region grew by 62%.

When the news broke that Meghan Markle was wearing a dress by Lithuanian designers, the people of the Jonava-based company A grupė were also delighted: the fabric of the Duchess of Sussex’s linen dress was a product of their company.

The Ministry of Finance has invited public sector organisations to submit applications to fund the costs of the procurement of GovTech solutions under the DNA Plan Action ‘Creating an innovation market for the digital economy by funding the costs of the innovation procurement of GovTech solutions and promoting green innovation’.

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.

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.

‘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.

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.

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.

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.

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.

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.

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.

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.

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.

‘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).

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.

‘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).

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.

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.

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.

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.

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.

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.

On 28 May 2021, Klaipėda Chamber of Commerce, Industry and Crafts held a teleconference for business: ‘Green Economy. Sustainable Business’.

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 13^th European Sails awards for EU structural funds financed projects.

Almost EUR 6.5 m has been allocated to municipalities to modernize street lighting systems. All applying municipalities got funding.

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

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.

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).

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. 

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.

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.

Businesses can use current assistance to survive and get stronger.

„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.

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.

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.

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.

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. 

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.

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

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.

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.

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. 

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. 

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

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

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.

On January 25th Vilnius celebrates its 698th birthday.

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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.

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

„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.

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

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

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.

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. 

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+. 

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

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

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

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

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

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

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. 

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

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

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

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