The aim of the Ministry of Economy and Innovation (EIMIN) is to create more well-paid jobs for the country’s residents, therefore it is constantly looking for opportunities to improve business conditions so that both Lithuanian entrepreneurs and foreign investors want to create and develop in the country.
“We are already noticing the results of the activities – the wages of international companies attracted to Lithuania are 51 percent. higher than the national average, and together with attracted investors, more than 4,000 jobs will be created. new well-paid jobs. We also actively solve social problems, including reducing food waste. Starting this year, the conditions have been created to sell food suitable for consumption with the minimum expiration date, reducing food prices and waste problems,” says Aušrinė Armonaitė, Minister of Economy and Innovation.
Opening opportunities for the defense industry
Efforts are being made to strengthen the country’s defense and security industry sector by paving the way for the production of military equipment. For this purpose, the restriction on business activities in the field of defense in the free economic zones (LEZ) in Lithuania was abolished. This will encourage businesses to expand their activities and create good new jobs.
“We also initiated changes to the laws relevant to the Lithuanian defense and security industry, with which we propose to abandon excessive requirements for the development of this sector and, by facilitating the conditions for the production of armaments, open the possibility for Lithuania to produce the products necessary for European defense itself. In this way, we ensure not only the security of Lithuania and the supply of support to Ukraine, but also improve business conditions and the development of companies”, says the Deputy Minister of Economy and Innovation E. Kurochkina.
These initiatives ensure close cooperation with Lithuanian and foreign entrepreneurs, developing and creating more promising opportunities for Lithuanian residents, including better wages and creating new jobs that stimulate the growth of the entire country’s economy.
Also this year, the Seimas adopted changes to laws initiated by EIMIN, which create more favorable conditions for the development of large projects. These changes will ensure the immediate security and defense needs of the state are met.
Almost 1 billion euros to strengthen the Lithuanian economy
In order to strengthen the Lithuanian economy, last year EIMIN announced aid measures with a total value of almost 1 billion. euros. In total, almost 3 thousand applied for financing. companies and institutions of the country. A successful 1 billion the implementation of the plan helped business representatives get even closer to modernizing companies and improving services, developing new products and transitioning to a climate-neutral economy.
This year, EIMIN plans to issue invitations to business for more than 500 million. euros. Also, loans initiated by EIMIN will start by the summer, for which it is planned to allocate up to 850 million. euros. Business loans will be provided for business projects that invest in environmentally friendly technologies, reduction of environmentally polluting exhaust gases, waste recycling, implementation of new technologies, defense and security industry.
Entrepreneurship is encouraged from the school bench
Responding to the needs of business representatives and young people, EIMIN allocates half a million euros to the informal entrepreneurship education program “Accelerator_x” every year, and from this year it allocates an additional 350,000 euros. euros for the digital entrepreneurship program for schoolchildren. By the 2030s, more than 10,000 people will be trained. schoolchildren.
EIMIN also encourages the older generation to dare to start their own business – the “Start from 50+” program is successfully running, designed for persons who have already accumulated significant life experience to acquire additional business creation and development competencies. This program includes both theoretical lectures and practical tasks that allow you to understand the principles of successful business development.
Attracted companies create jobs
EIMIN consistently works to create good business conditions to attract investors. Last year, we managed to attract as many as 53 foreign direct investment (FDI) projects, which will create more than 4,100 jobs in our country within three years. 25 new international companies are entering Lithuania, and 28 companies already operating in the country will carry out expansion. The average salary before taxes is 2,692 euros.
In Lithuania, business is encouraged to implement large investment projects by providing certain tax benefits. This allowed EIMIN to already sign large-scale project investment contracts with 14 companies, which will create 3,951 jobs and attract more than 1.25 billion. euro investments. It is estimated that the average salary before taxes of these 14 projects implemented by the business will reach 2364 euros.
Food waste problems are solved
EIMIN aims to significantly reduce the problem of food waste in the country. Therefore, from this year, merchants in Lithuania have the opportunity to sell safe and suitable food, whose minimum expiration date has expired, for a longer period of time.
This allows to reduce the losses of traders and producers and food prices. Residents can buy more food products at a discount, thus reducing food waste and food waste. It is estimated that in Lithuania 50 thousand per year. tons are thrown away because foods are mistakenly considered unfit for consumption after the expiry of the “Best before…” date.
After assessing that the food product is safe and suitable for further consumption after the expiration of the “Best before…” period, it can be sold for no longer than 45 days. Two groups of food products have exceptions: bread, cake products, margarine are allowed to be sold no longer than 2 days, and certain products of animal origin – no longer than 10 days after the end of the “Best before…” period.
The burden on those engaged in individual activities is reduced
This year, the account of a small entrepreneur is launched – automated financial management, which will reduce the burden of tax calculation for those engaged in individual activities.
Until now, a large number of individuals engaged in individual activities face difficulties in calculating the taxes to be paid and submitting declarations. In addition, it takes a lot of time – one self-employed person spent about 18 hours a year on financial accounting. In total, 4.3 million was allocated for keeping records and paying taxes. hours, which amounts to approximately 35.1 million euros. Therefore, it is expected that the automated system implemented by EIMIN together with the Ministry of Finance and the Ministry of Social Security and Labor will help small entrepreneurs save time and money and encourage more people to do business.
for No. 552717
Tags: EIMIN jobs food waste initiative
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