The Ministry of the Economy and Innovation is responsible for handling government business in the following areas:
- Business environment: issues relating to business development, small and medium-sized companies, supply of capital, entrepreneurship, simplification of rules, reduction of administrative burden on business, general conditions for enterprise growth.
- Investment: improvement of the investment environment, attraction of foreign investors, creation of favourable conditions for local investors.
- Export: export promotion of Lithuanian enterprises, support aimed for export development, commercial attache in Europe, Russia, the United States, China.
- Innovation: issues relating to patents and innovation, investments to the development of high value added products, cooperation between science and business, commercialisation of scientific research results, promotion of clusterisation.
- State-Owned Enterprises (SOEs): creation of conditions to reform the SOE management aiming to ensure enhanced operation efficiency, better use of assets and higher performance results; increased transparency in the SOE sector.
- EU support to business: modernisation of Lithuania‘s economy, support to economic development; the Ministry of yhe Economy and Innovation administers the major share of support from the ES structral support funds to sectors like business, energy, research and tourism.
- Public procurement: efficient and transparent system of public procurement in Lithuania; total amount of funds spent for public procurements makes one third of the national budget of Lithuania.
- Tourism: tourism policy, international marketing of tourism, quality improvement of tourism services, attraction of foreign tourists
