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2022 04 25
Lithuania: Total financing for energy efficiency loans with Šiaulių Bankas reaches €1 billion

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 ...

2022 04 14
Finance Ministers and Foreign Affairs Ministers Addressed the G7: Call for Suspension of Russia’s and Belarus’ Membership in International Institutions

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 ...

2022 04 11
Baltic Green Finance Conference is to be held for the first time in Vilnius

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 ...

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2022 04 01
The EUR 2.26 Billion Package Presented to Counter the Effects of Inflation and to Strengthen Energy Independence

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. ...

2022 03 23
For Managing Risks in the Crypto-Asset Sector and Increasing Transparency — Amendments to the Law

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 ...

2022 03 17
The Seimas Approved the Proposal to Increase MoND Spending on Defence up to 2.52 Per cent of GDP

Today, the Seimas approved the proposal of the Ministry of Finance to adjust the 2022 budget and to increase spending on national defence up to 2.52 per cent of gross domestic product (GDP). According to the Minister of Finance Gintarė Skaistė, such an adjustment will allow for an additional allocation of up to EUR 297.99 ...

2022 03 09
The Government Welcomes the Launch of the New EU Financial Perspective

Today, the Government approved the draft Programme for the European Union Funds’ Investments 2021-2027 and draft revised Partnership Agreement that will launch a new EU investment period in Lithuania. Minister of Finance Gintarė Skaistė noted that the investment programme approved by the Government is balanced and meets the needs of the State. ...

2022 03 02
G. Skaistė: “Sanctions Against Russia and Belarus Should be Expanded“

Today, Minister of Finance Gintarė Skaistė is attending an extraordinary ECOFIN videoconference to discuss the situation in the Ukraine, to assess the effectiveness and impact of sanctions imposed on Russia and Belarus and to consider next steps. At the meeting of the Council of Ministers of Economy and Finance Minister G. Skaistė noted that in ...

2022 02 28
The Ministry of Finance Allocated EUR 750, 000 of Humanitarian Aid to the Republic of Moldova

Today, the Government approved the draft resolution of the Ministry of Finance, which provided EUR 750, 000 of humanitarian aid to the Republic of Moldova. The decision has been taken after a formal appeal by the Republic of Moldova concerning the exodus of people provoked by V. Putin’s military actions in the Ukraine. “As ...

2022 02 26
G. Skaistė: “EU Finance Ministers Support Russia’s Disconnection from the International Financial System“

The informal ECOFIN Council of Ministers of Economy and Finance of the European Union, held yesterday in Paris, discussed the disconnection of Russia from the international payment system “SWIFT”, and the European Commission was tasked with exploring the possibilities for such a solution and responding ...

2022 01 21
State Investment Management Agency and European Investment Bank launch first support for Lithuanian Mid-Caps under European Guarantee Fund

In a ceremony at the Lithuanian Ministry of Finance today, the European Investment Bank (EIB) and State Investment Management Agency (VIVA) have announced new support for Lithuanian companies in the context of the Pan-European Guarantee Fund (EGF). This is the first time ...

2022 01 17
Green Economic Development in Lithuania is Gaining Momentum: Recommendations for Lithuania’s Sustainable (Green) Finance Action Plan

The sustainable finance project carried out by the Ministry of Finance of the Republic of Lithuania together with the European Commission (EC) and the European Bank for Reconstruction and Development (EBRD) is on the final straight — the recommendations for Lithuania’s ...

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