European Union
Lithuanian finance minister: Grexit would be ‘black scenario’
Greece is asking for financial support from the European Stability Mechanism (ESM), Lithuanian Finance Minister Rimantas Šadžius said on Tuesday. […]
Rimantas Šadžius EN
European Union
Lithuanian president and finance minister off to Brussels for Greek debt summit
Lithuanian President Dalia Grybauskaitė and Finance Minister Rimantas Šadžius will on Tuesday attend an emergency meeting with their counterparts in Brussels to discuss the Greek debt crisis following the Sunday referendum that saw the Greeks voted down austerity measures. […]
European Union
Lithuanian finance minister: Greece remains eurozone member
Although eurozone finance ministers have not extended Greece‘s bailout program, the country stays in the single currency, Lithuanian Finance Minister Rimantas Šadžius has said, adding that the EU will use other means to help Greece, such as structural funding, and that the country now has to take measures to get its financial system under control. […]
European Union
European Union
Lithuanian finance minister: Not sure if Greek banks will open on Monday
After negotiations between Greece and its international lenders failed, the country’s future in the eurozone may not be settled until this autumn, says Lithuania’s Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure. […]
European Union
Lithuanian finance minister: Greece needs financial support
Debt-ridden Greece will hardly be able to pay 1.6 billion euros to the International Monetary Fund (IMF) by June 30 without external financial support, Lithuania’s Finance Minister believes. […]
Economy
Vilnius Sports Palace renovation deemed project of national importance
The Lithuanian government on Monday agreed in principle to grant the status of an economic project of national importance to the planned conversion of the Vilnius Palace of Concerts and Sports, a now derelict building that was built more than 40 years ago on the site of a former Jewish cemetery, to a centre for conventions and cultural events. […]
Economy
Finance minister says Vilnius city should not be allowed to issue bonds
Lithuanian Finance Minister vilniusRimantas Šadžius does not support the idea of allowing local governments to issue bonds, saying that such bonds would create an additional risk to fiscal sustainability. […]
European Union
Lithuanian finance minister says Greece could learn from Lithuania
Greece could learn from Lithuania how to implement reforms during the crisis instead of focusing on getting external support, Finance Minister Rimantas Šadžius said on Friday as he arrived at the Eurogroup’s meeting in Riga. […]
European Union
No fast-track solutions in Greece, Lithuanian finance minister says
Lithuania’s Finance Minister Rimantas Šadžius does not expect any fast-track solutions to be found in negotiations between the European Union (EU) and Athens on Greece’s financing, which would help the country avoid a debt default. […]
Economy
Growth in services prices in Lithuania due to rising incomes, finance minister says
Lithuanian Finance Minister Rimantas Šadžius believes that services prices have been rising due to people’s growing incomes rather than to euro adoption. […]
Economy
French finance minister coming to Lithuania
French Finance Minister Michel Sapin is coming to Lithuania this week to discuss the financial situation in the eurozone. […]
Uncategorized
Lithuania asks World Bank to reclassify Baltic states as developed countries
Lithuania’s Finance Minister Rimantas Šadžius has once again called upon the World Bank’s president to upgrade the status of the three Baltic states in this institution from emerging to developed countries. […]
Economy
Lithuania to make first payment into ESM
Lithuania, which formally joined the European Stability Mechanism (ESM) in early February, will transfer the first 65.44-million-euro tranche of paid-in capital on Wednesday, a week after the Cabinet gave the green light for the payment. […]
Economy
Lithuanian government okays first payment into ESM
The Lithuanian government on Wednesday, a day after the country formally joined the European Stability Mechanism (ESM), gave the green light for transferring the first tranche of paid-in capital. […]
Economy
Lithuanian finance minister on effects of Russian slowdown: The worst is behind us
Lithuania has already reached the bottom of the impact of Russia‘s economic downturn and has effectively withstood the biggest hit, says Lithuanian Finance Minister Rimantas Šadžius. […]
Economy
Lithuanian finance minister says no reason to panic over euro
Lithuanian minister of finance sees no reasons to panic over a possible decline in trade or stalling of economic development after the country’s adoption of the euro. […]
European Union
Lithuania joins European Stability Mechanism
On 3 February, Lithuania became the 19th member of the European Stability Mechanism (ESM). Lithuania has ratified the ESM Treaty and now acquires the full rights and obligations of ESM membership. […]
European Union
Lithuania mulls contributing to EFSI, finance minister says
Lithuania is considering to contribute to the European Fund for Strategic Investments (EFSI), or the so-called “Juncker-plan”, but it would like to see that money earmarked for projects of the Baltic region. […]
Economy
Finance minister says Lithuania needs euro
Lithuania has become the eurozone’s 19th member, but only half of Lithuanians are in favour of the new currency. That will change, Finance Minister Rimantas Šadžius told DW, the Ministry of Foreign Affairs reports. […]