Lithuania reports about achievements in economy at EBRD

  • 2000-05-25
RIGA (BNS) - Lithuanian officials stressed Lithuania's achievements in
economy in a presentation on May 22 at the annual meeting of European
Bank for Reconstruction and Develpment.

Lithuanian Finance Minister Vytautas Dudenas pointed at the GDP growth,
low inflation, stable national currency, stable and strong banking
sector as well as a high portion of private investment in the country's
economy.

He said Lithuania has a favorable environment for commercial activities
and foreign investment.

EBRD official George Krivicky said the EBRD so far has implemented 22
projects in Lithuania to which the bank has extended a financing of 249
million euros. The total costs of these projects comes to 622 million
euros.

The biggest part of the projects have been implemented in the banking
sector - worth 80 million euros - as well as in industry and services
worth 47 million euros.