The Lithuanian Government has approved the Ministry of the Economy and Innovation’s proposal to grant the German military industry leader Rheinmetall the status of a project that meets the security and defence needs of the country. This allows the company’s Lithuanian Centre of Excellence for Ammunition to benefit from special investment and commercial conditions related to the fast-track set-up of the plant.
Back in June, the Ministry signed an agreement with Rheinmetall for its expansion in Lithuania – the project has been granted the status of a large-scale project. With an investment of more than €180 million, the new plant is expected to create at least 150 new jobs.
To ensure Lithuania’s security, the country’s Parliament has already approved amendments to the law to facilitate the development of large-scale projects at the initiative of the Ministry of Economy and Innovation. The amendments simplify territorial planning, land procurement, and construction procedures. This will allow defence industry companies to start operations in Lithuania in the shortest possible time.
