The Baltic Times

Lithuania to get loans

  • 1998-11-19
VILNIUS (BNS) – Lithuania is the first to break the Western bank's blockade for loans to the Central and Eastern Europe, its Prime Minister Gediminas Vagnorius said.

Vagnorius said Lithuania plans to receive loans from Western financial institutions soon. "Lithuania is very successful," he added.

Finance Minister Algirdas Semeta said talks with the investment bank JP Morgan are coming to the end and a contract for a $18.1 million bridging loan for a one-year period should be signed in the near future.

The government allowed the finance minister to sign a loan agreement with JP Morgan Securities Nov. 11. This was the only bank which agreed to place a Lithuanian state bonds issue in foreign markets.

As was announced earlier this year, Lithuania did not succeed in placing a planned 200 million euro bond issue, organized by CS First Boston and Dresdner Bank. 

 

Please enter your username and password.

 Forgot your password?
 

Subscribe!

A subscription to The Baltic Times is a cost-effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection. Subscribe Now!

About The Baltic Times

The Baltic Times is an independent monthly newspaper that covers latest political, economic, business, and cultural events in Estonia, Latvia and Lithuania. Born of a merger between The Baltic Independent and The Baltic Observer in 1996, The Baltic Times continues to bring objective, comprehensive, and timely information to those with an interest in this rapidly developing area of the Baltic Sea region. Read more... Our news analysis and commentaries provide readers with insight essential to understanding the three Baltic countries and their neighbors.

Publisher: Gene Zolotarev
Editor in chief: Linas Jegelevicius

Contact Us

Editorial: editor@baltictimes.com
Subscription: subscription@baltictimes.com
Advertising: adv@baltictimes.com

Stay Connected

2024 © The Baltic Times /Cookies Policy