On Tuesday, the Lithuanian Ministry announced a funding initiative of 3 million euros to be directed to the public institution 'Investuok Lietuvoje' (Invest in Lithuania), which will actively seek foreign investors and encourage them to invest in research and experimental development activities. This financial support is aimed at boosting Lithuania's economy by enhancing regions with high value-added job creation, as articulated by the Minister of Economy and Innovation, Edvinas Grikšas.

The investment strategy is part of Lithuania's ambition to create high value-added jobs, targeting that by 2030 every second job in the country will fall under this category. The Minister emphasized that fostering innovation and attracting high value-added foreign investment are key drivers for the economic growth of Lithuania’s regions. The initiative aligns with the broader economic transformation plan named '3i', which focuses on innovations, investments, and modern institutions, reflecting a comprehensive approach towards economic development.

Furthermore, the funding is a result of the 'TUI IL' call, supported by the EU's 2021-2027 investment program, aimed at systematic investment in regional economies. By channeling these funds through 'Investuok Lietuvoje', the ministry aims to not only attract investments but also to facilitate sustainable growth in the Lithuanian economy, which has been a longstanding goal of the government. This strategic move is expected to create a significant impact on the job market and foster a more resilient economic landscape in Lithuania.