EIB lends EUR 1b for EU investment projects in Lithuania

  • 2023-02-15
  • BNS/TBT Staff

VILNIUS - The European Investment Bank is lending 1 billion euros to Lithuania to secure Lithuania's share for the implementation of EU-funded projects in 2021-2027.

The EIB's board of directors approved the loan on Wednesday, Lithuania's Finance Ministry said. 

Finance Minister Gintare Skaiste says 7.5 billion euros will be invested in 2021-2027 with EU support.

"These investments will strengthen the resilience of our economy, contribute to boosting Lithuania's competitiveness and improving people's quality of life," Skaiste said in a statement.

The EIB has previously granted two such loans to Lithuania, including 1.132 billion euros for 2007-2013 and 1.3 billion euros for 2014-2020.