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"The president signed a decree to appoint Sinkevicius as the minister of economy," Lina Antanaviciene, the president's senior adviser, told journalists after Grybauskaite met with Sinkevicius on Monday morning.

In her words, the president and Sinkevicius discussed the need for Lithuania to highlight the priority sectors of economy, which should be granted more finances and resources. In Grybauskaite's words, the sectors could include laser sciences, laser production and financial technologies.

Grybauskaite also urged the minister-designate to shift the focus to small-sized enterprises and improvement of performance of the Tourism Department, said the adviser.

Sinkevicius, 27, was last week proposed to the position by Prime Minister Saulius Skvernelis and will become the youngest minister in Lithuania's post-independence history.

The post of economy minister has been vacant after the Social Democratic Party left the ruling coalition. The former economy minister, Mindaugas Sinkevicius, was against the party's position but obeyed the will and left the post.