Government endorses further restrictions on alcohol

The Lithuanian government endorsed a package of measures aimed at cutting alcohol consumption on Monday. It includes alcohol-free zones, and further restrictions on selling hours and on alcohol advertising. […]

Minister of Economy Evaldas Gustas

Startup investment fund planned by Ministry of Economy

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. […]

Evaldas Gustas

No exceptions for ‘light drinks or special events’ in new alcohol laws, says minister

Equally stringent restrictions on the sale of alcohol should apply to all kinds of alcoholic beverages and all sellers, said Lithuania’s Economy Minister Evaldas Gustas. […]

"Philip Morris Lietuva"

Philip Morris launches EUR 40mn investment project in Lithuania

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. […]

No Picture

Belarus and Kazakhstan still accept Lithuanian products

Belarus and Kazakhstan, members of the Moscow-dominated Customs Union, accept Lithuanian food products and are not stopping cargo at the border. […]