Matjaž Han, the Minister of Economic Development and Technology, received the delegation of the Republic of Korea led by the Special Envoy of the President of the Republic of Korea, Park Byeong-Seug. The meeting was intended to enhance economic cooperation between the countries and introduce the candidature of the Republic of Korea to organise World Expo 2030 in Busan.
Government investment promotion programmes
Does the state have a foreign investment promotion programme?
Lithuanian has approved the Programme for Investment Promotion and Industrial Development for 2014-2020. The objectives of the Programme are:
to increase direct investment in the sectors of production and services, the assessment criterion being the ratio of the share of gross fixed capital formation (excluding residential building and cultivated assets) in the Lithuanian GDP and the respective EU indicator;
to modernise, integrate and develop industry, the assessment criterion being manufacturing’s share of GDP and Lithuanian labour productivity per hour worked, as a percentage of the EU average; and