Lithuania

Ministry of Economy

The Ministry of Economy was established under the law passed on December 12, 1996, replacing the former ministries of Economics, Energy and Industry and Trade. The Ministry implements the strategic functions of economic development (policy, investment, restructuring, regulatory method) and branch functions of energy, industry and governmental regulation of internal and external trade.

Basically, the Ministry of the Economy directs its activities towards restructuring, privatisation programmes, formation of attractive investment climate, promotion of small and medium business and creation of new places of employment. Many complicated problems exist in the energy sector, e.g., system decentralisation, management, privatisation, energy pricing, liquidation of arrears, investment and nuclear energy safety.

More information: http://www.ekm.lt/index_e.shtml