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2015 11 18
European Commission: Draft Budgetary Plan of Lithuania Is Realistic, Still, Fiscal Discipline Rules Should Be Followed

Today the European Commission (EC) has announced its assessment of the 2016 Draft Budgetary Plan of Lithuania, which was carried out in the analysis of the indicators planned in the 2016 Draft Budgetary Plan of Lithuania and the projections of the indicators of the 2016 Budget of Lithuania made by ...

2015 11 02
2016 Lithuanian Draft Budgetary Plan

Having joined the euro area in 2015 and having regard to Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area, Lithuania hereby presents the 2016 Lithuanian Draft Budgetary Plan (DBP) to the European ...

2015 10 15
Lithuania has borrowed EUR 1.5 billion by issuing a dual tranche Eurobond

Lithuania successfully issued two (10– and 20–year) Eurobonds EUR 750 million each in the international capital markets today, thus creating a new milestone in the country‘s borrowing history.

2015 10 09
Ministry of Finance has chosen Joint Lead Managers

The Republic of Lithuania, rated A3/A-/A- (st/st/st), has mandated Barclays, BNP PARIBAS and HSBC as Joint Lead Managers for an upcoming EUR RegS benchmark transaction. An intermediate and/or long-dated transaction is expected to be launched and priced following investor meetings/calls in the UK and Continental Europe, subject to market conditions.

2015 09 30
Government has approved draft State Budget for 2016

Today the Government of the Republic of Lithuania has approved the Draft Law on the Approval of Financial Indicators of the State Budget and Municipal Budgets for 2016 prepared by the Ministry of Finance. It is prepared having regard to the economic development scenario aimed at fulfilment of the Government commitments to maintain the stability of public finances.

2015 09 22
Draft laws aimed at strengthening financial system and providing more guarantees to depositors presented in Seimas

Today Rimantas Šadžius, the Lithuanian Finance Minister presented the package of 16 legal acts aimed at strengthening national financial stability, protection of depositors and saving taxpayers money in the Seimas (Parliament of the Republic of Lithuania).

2015 09 15
Conference on building a capital markets union: challenges and opportunities for business

The participants of the high level conference Building a Capital Markets Union: Challenges and Opportunities for Business discussed how to encourage capital markets to better provide financing to businesses, especially SME‘s. They also exchanged views on aspects related to building the Capital Markets Union and the latest trends of ...

2015 09 02
Strides of the Lithuanian Presidency of the EU Council are Being Transposed into National Law

The Government approved the package of draft laws prepared by the Ministry of Finance aimed at strengthening national financial stability and protection of depositors – the provisions of the Single Resolution Mechanism Regulation, Bank Recovery and Resolution Directive as well as Deposit Guarantee Schemes Directive are being ...

2015 05 09
Moody‘s has upgraded Lithuania's government bond rating

Moody‘s credit rating agency upgraded Lithuania‘s long-term borrowing rating from Baa1 (positive outlook) to A3 (stable outlook). Moody’s decision was driven by competitiveness and resilience of Lithuania‘s economy, continuation of the Government‘s fiscal consolidation and country’s membership in the euro zone.

2015 05 07
Lithuania signs agreements with EIB to support for two major investment projects

Lithuania and European Investment Bank (EIB) continue their strong partnership by establishing the EUR 150 million “Jessica II” fund and signing an agreement on a EUR 1,3 billion loan facility.

2015 04 29
Lithuania signs loan agreement with CEB for investments in social infrastructure

Vilnius, April 29. The Ministry of Finance has signed an agreement with the Council of Europe Development Bank (CEB) for the long-term loan of EUR 100 million to Lithuania to finance public investments in social infrastructure development projects.

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