Vilnius, EIB sign EUR 25 mln loan agreement

The city of Vilnius on Thursday signed a 25-million-euro loan agreement with the European Investment Bank (EIB). […]

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EIB to support risky SME projects

Businesses with risky projects that have potential can expect some support from the so-called Juncker plan as early as this summer. The funds will be provided by the European Investment Bank through Finland’s OP bank. […]

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Lithuania receives first installment of EIB loan

On Thursday, 8 October, Lithuania received the first part of a loan from the European Investment Bank (EIB), EUR 300 million. Lithuania will pay 1.51 percent annual interest which has been fixed for the duration of the loan, i.e., 25 years. […]

EU's Riga Summit

Opinion: The Riga Summit and its outcomes

The fourth Eastern Partnership Summit was held in Riga on 21-22 May 2015. The joint Declaration of the Riga Summit did not reaffirm either the European perspective of the Eastern European Partnership countries consistently demonstrating the best performance or the political support to Georgia and Ukraine in visa liberalization that Tbilisi and Kiev were looking forward to. Quite the opposite, compared to the Vilnius Summit document adopted two years ago, the tone and ambition of the Riga Summit declaration seemed rather weakened. […]

LitPol Link

Litgrid borrows EUR 65m from European Investment Bank

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]

Algirdas Šemeta

Former Lithuanian EU commissioner Šemeta appointed to head anti-corruption effort in Ukraine

Former EU commissioner and one-time Lithuanian finance minister Algirdas Šemeta is to become Ukraine‘s new anti-corruption boss, Reuters reports. […]