Education and Science, Forum, Lithuania

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Life sciences experience "golden age" in Lithuania, econmin says

BC, Vilnius, 26.09.2018.Print version
The life sciences sector is flourishing in Lithuania and its contribution to the country's economy is set to grow further over the upcoming decade, the country's Economy Minister Virginijus Sinkevicius says LETA/BNS.

Experts, however, say the sector needs sufficient funding for successful development.

According to the economy minister, life sciences are one of the country's economic priorities, and the sector is showing huge growth potential.

"Life sciences are going through a "golden age" in Lithuania. The sector grows 20% every year, with almost 5,000 people working in this sector. Life sciences now produce 1 percent of added value, which is around 6 times more than the EU average. I have today revealed an ambitious goal to bring this rate to 5 % GDP by 2030," the minister told a press conference on Wednesday during the launch of the 4th international life sciences forum Life Sciences Baltics 2018.

The forum's participants include world-renowned specialists in the area of life sciences, including Nobel Prize winner, American Professor Brian Kobilka.

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