The European Commission (EC) approved the Programme for the European Union (EU) Funds’ Investments 2021-2027, according to which it is planned to invest EUR 7 billion 449 thousand. "Even in the face of great uncertainty, at the stage of programming strategic documents of the EU cohesion policy, Lithuania was the third in Europe to receive ...

Although it is understandable whose interest it is to make European citizens doubt the value of EU sanctions against Russia, which attacked Ukraine, both high-ranking officials and journalists often succumb to the narrative imposed by Russian propaganda. "How will the sanctions affect your country's economy?" I have been asked this question ...

Despite the challenges caused by Russia's war against Ukraine, the Lithuanian economy is showing resilience – according to the International Monetary Fund (IMF), economic growth will remain positive this year and should reach 1.8 %.  Significant inflationary pressure felt in 2022 should weaken next year, as energy and raw ...

The Court of Arbitration, acting in accordance with the international arbitration rules of the United Nations Commission on International Trade Law (UNICTRAL), on 1 July 2022 issued a final decision by which it refused to investigate the lawsuit by the Russian Fund for Protection of ...

The InvestEU programme, launched by the European Commission with the EIB Group as the main implementing partner, seeks to boost crucial investments across Europe in support of the European Union’s policy priorities, such as the European Green Deal and the digital transition. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and ...

Today Lithuania borrowed EUR 650 million in the international capital markets by issuing a 10-year Eurobond. The annual coupon was set at 2.125 per cent. During this issuance, a risk premium of 60 basis points above the mid-swap interest rate was set. In 2020, when the 10-year Eurobond issue was last issued, this risk premium was equal to 90 basis points. This means that investors assess ...

At the ECOFIN meeting in Brussels Minister of Finance Gintarė Skaistė initiated a joint statement by the Ministers of Finance of Estonia, Latvia, Lithuania and Slovakia calling for Russia’s frozen assets to be used as one of the main sources for Ukraine’s post-war reconstruction. According to G. ...

Together with the Lithuanian government, the European Investment Bank (EIB), as the European Regional Development Fund (ERDF) manager, is providing a €90 million loan to the newly established SB Modernisation Fund, a subsidiary of Šiaulių Bankas. The fund will receive a total of €275 million in loans from Lithuanian and ...

Minister of Finance of Lithuania Gintarė Skaistė and Minister of Foreign Affairs Gabrielius Landsbergis addressed the Finance Ministers and Foreign Affairs Ministers of the G7 calling for the immediate and indefinite suspension of Russia’s and its ...

The Ministry of Finance of the Republic of Lithuania, the European Court of Auditors and the Lithuanian Banking Association are organizing an international finance conference “Making Green Finance a reality in the Baltics” in Vilnius on June 3 to discuss the implementation of the European Green Deal and to share insights on the challenges of the ...

Today, the Government presented a wide-ranging package of measures entitled “Mitigation of the Effects of Inflation and Strengthening Energy Independence” with allocation of EUR 2.26 billion to absorb energy price shocks, to increase personal income and to strengthen Lithuania’s energy independence. ...

The Ministry of Finance (MoF) together with the Bank of Lithuania (BoL), Financial Crime Investigation Service (FCIS) and the Centre of Excellence in Anti-Money Laundering have prepared the amendments to the Law on the Prevention of Money Laundering and Terrorist Financing aimed at strengthening the management of money ...