Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Finance ministry borrows 500m euros to pay off debt

Jan 16, 2014
From wire reports, VILNIUS

Lithuania borrowed 500 million euros in the international financial market for the term of ten years, reports ELTA.

The country will be the annual interest reaching 3.375 percent. According to the Ministry of Finance, the interest rate is the smallest interest rate paid by Lithuania in the last decade.

The borrowed money will be used for the funding of the budget's deficit and for the paying off of the earlier debts.

The cheapest borrowing in a decade was influenced by the positive attitude to the perspective of Lithuania economy and favourable international environment.

"The current Government of Lithuania is carrying a responsible policy of finance and is striving for the euro introduction in 2015. This is positively reflected in the results of this issue," said Lithuania's Minister of Finance Rimantas Sadzius.

 MORE NEWS
  • Russian planes encroach upon L...
    Canada is deploying six CF-18 fighter jets to Eastern Europe as part of NATO's...
  • NATO ships on the way to Balti...
    NATO is sending part of its naval rapid reaction force to the Baltic Sea as part o...
  • Mid-life crisis ahead for Lith...
    Very soon Lithuania will be commemorating the 20th anniversary of its accession to...
  • Eggs unfit for Easter hunt...
    Ahead of the Easter holiday, the Latvian Food and Veterinary Service (FVS), in ...
  • Only two presidential candidat...
    In debates on Thursday, only two out of seven presidential candidates expressed...
  • Russia is simply lying, says M...
    "Crimea's annexation and now the destabilization of eastern Ukraine is...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.