The Ministry of Economy and Innovation of the Republic of Lithuania (Lithuanian: Lietuvos Respublikos ekonomikos ir inovacijų ministerija) is a government department of the Republic of Lithuania. Its operations are authorized by the Constitution of the Republic of Lithuania, decrees issued by the president and prime minister, and laws passed by the Seimas (Parliament). Its mission is to develop positive legal and economic environment for economic development and ensure public welfare and employment.[5]
The Ministry of Economy and Innovation is responsible for handling government business in the following areas: business environment, export, innovation, state-owned enterprises (SOEs), EU support to business, public procurement and tourism.
On 11 November 1918, the Republic of Lithuania established the Ministry of Finance, Trading and Industry.[6] It is considered to be the predecessor of the Ministry of Economy, although throughout the interwar period it was never a separate ministry and its functions remained under the Ministry of Finance.[6] A separate Ministry of Economy was established on 17 January 1990. Its areas of responsibility and the name changed several times in 1990s.[6] On 1 January 2019, it was renamed to the Ministry of Economy and Innovation.[6]
Christian Democratic Party Democratic Labour Party Farmers and Greens Union Freedom Party Homeland Union Labour Party Liberal Union Popular Peasant's Union Social Democratic Labour Party Social Democratic Party Independent