President expects better conditions for Lithuanian defense, security industry in spring

  • 2024-01-16
  • BNS/TBT Staff

VILNIUS – The Lithuanian president's office expects the parliament to adopt the Law on Defense and Security Industry in the spring, Kestutis Budrys, Gitanas Nauseda's chief national security advisor, said on Tuesday. 

"The law has been drafted and has stalled a bit; it is currently being improved by the government," Budrys told the Ziniu Radijas radio station. 

"Our expectation is to have the law adopted in the spring, providing for a certain framework for the faster development of interaction between state institutions and our companies and the industry as a whole," he said.  

The law is important for companies because it will put in place more favorable conditions for public procurement, better legal regulation and other measures for better operations, according to the advisor.  

Economy and Innovation Minister Ausrine Armonaite said in early December that the ministry would work in 2024 to create better conditions for growing the defense industry and to facilitate its operations.

This should be facilitated by the law, which is still in the process of being coordinated with institutions. 

Last May, the ministers for economy and innovation, defense, interior, and foreign affairs signed a roadmap for the development of Lithuania's defense and security industry in 2023-2027,

The document shapes the needs of the industry and innovations, one of which is to draft and pass a special defense industry law.