The amendments to the Law on Technology and Innovation aim to provide more clarity regarding the evaluation of R&D activities, reduce the administrative burden on businesses, and strengthen the promotion of export and internationalization, the Ministry of Economy and Innovation announced.
“More precise identification of research and experimental development activities and more effective application of incentives will allow companies to plan larger projects and create high value-added solutions in Lithuania,” Minister Edvinas Grikšas said in the statement.
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