As we witnessed in the months following the outbreak of the COVID-19 pandemic, high quality and well-targeted public investment in times of high uncertainty enhances output. It also crowds in private investment, rather than crowding it out. The COVID-19 pandemic offered an opportunity for firms to become more digital.
Demand for electronic services rapidly increased, creating perfect conditions for expansion of electronic payment service providers. Growth in electronic payments created value in the Lithuanian financial sector. For instance,  one of the Lithuanian payments start-ups recently attracted an impressive 65 mln US dollar Series A funding.