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Finance minister: Lithuania’s economic growth won’t be explosive next year

Despite criticism of the Finance Ministry’s optimistic Lithuanian GDP growth forecasts for next year, Finance Minister Rimantas Šadžius says that the country’s economic growth will be faster than in the euro zone but “not explosive” and warns that difficulties caused by the crisis in the EU-Russia relations will be long-lasting. […]


Lithuanian government approves its first budget in euros

The Lithuanian Cabinet on Friday endorsed a draft budget for 2015, the first year of the country’s eurozone membership. Finance Minister Rimantas Šadžius has said that the bill is to be submitted to parliament for approval no later than 17 October. […]

Finance Minister Rimantas Šadžius
European Union

Euro area’s ministers of finance waiting for Lithuania to join euro bloc

Euro area finance ministers, whose recommendations on Lithuania’s accession to the euro zone were finally endorsed by the European Union’s (EU) finance chiefs last week, are waiting for Lithuania to join the euro bloc, Lithuania’s Finance Minister has said. […]