The Seimas Adopted the Budget for 2021

The Seimas adopted the budget for 2021, which focuses on containing the effects of coronavirus. ”The budget for 2021 adopted by the Seimas today is not traditional. We could normally talk about revenue, expenditure and deficit lines, try to rationalise some or other figures, argue about ambition and opportunities. This time, however, we are forced to forget this and to talk about much more...

Presentation of the new team of Minister of Finance G. Skaistė

Vice-Ministers Rūta Bilkštytė and Vaida Česnulevičiūtė start their duties at the Ministry of Finance, as of January 1 – Vice Ministers Mindaugas Liutvinskas and Gediminas Norkūnas. I am proud to be able to present the experts in my field who join the Ministry of Finance. I have no doubt that the wide range of competences of this team will contribute to the efficient...

„Fitch Ratings“ confirm: Lithuania retains the same high credit rating with a stable outlook

While a lot of countries got downgraded in the face of the pandemic, international ratings agency Fitch Ratings affirmed Lithuania’s long term debt rating at 'A' with a stable outlook which were assigned in January 2020. ‘This is another confirmation that in the international forum Lithuania is considered as a reliable...

0.5% for 30 years – Lithuania borrows in the international markets at record low rate

Today, Lithuania borrowed EUR 1.75 bn in the international capital markets by issuing a 30-year Eurobond. The annual coupon is the lowest ever – it is more than three times smaller if compared to previous Eurobonds of the same maturity. ‘I am glad that not only we have reached an agreement among the EU member states that will allow...