The Lithuanian Government on Monday withheld support for proposals to raise the minimum legal age for purchasing alcoholic drinks to 20 years from the current 18 years and to allow selling alcoholic beverages only in specialised stores.
The Ministry of Economy is planning a potential investment fund that would provide seed capital and co-investments to newly formed small and micro businesses, or startups. The measure being considered to form the fund would also help develop the alternative First North market, a stock exchange geared towards smaller companies in the Nordic region, by preparing those companies to enter the regulated securities market. […]
On 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipėda. The expansion and modernisation of the factory, which is already set to start this year, will increase production capacity by 40 percent. All extra production will be exported, primarily to the highly quality exigent market of Japan. The investment will create 40 new jobs at the factory and provide more orders for local Lithuanian service suppliers and business partners. Currently, more than 90 percent of Klaipėda-based factory production is exported to around 60 global markets, Invest Lithuania said. […]