News2023.05.25 15:38

Four Lithuanian ministers sign defence industry development agreement

BNS 2023.05.25 15:38

Four Lithuanian ministers on Thursday signed a roadmap for the development of the country’s defence and security industry in 2023-2027. 

The document, which shapes the needs of the industry was signed by Economy and Innovation Minister Aušrinė Armonaitė, Defence Minister Arvydas Anušauskas, Interior Minister Agnė Bilotaitė, and Foreign Minister Gabrielius Landsbergis.

The initiative is expected to help use the potential of Lithuania’s defence and security industry, which has become particularly important since Russia invaded Ukraine.

The roadmap set out the directions, objectives, and priorities for the development of the industry. Increased funding will be sought for defence and dual-use product development, research, and innovation.

Earlier this week, the Lithuanian parliament allowed domestic and foreign defence industry companies to set up their business in Lithuania’s Free Economic Zones from 2024, lifting the ban, which has been in place since 1995.

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