The European Union's key goal is to start a snowball effect so that each euro from public coffers attracts 15 euros of investment from various other sources, Lithuania's President Dalia Grybauskaitė has told LRT radio before leaving for a Brussels summit on Thursday.
European Investment Bank
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Lithuanian President Dalia Grybauskaitė is going to Brussels on Thursday to attend a two-day European Council meeting that will focus on a new investment plan and relations with Russia.
Former EU commissioner and one-time Lithuanian finance minister Algirdas Šemeta is to become Ukraine's new anti-corruption boss, Reuters reports.
Vytenis Povilas Andriukaitis, European Commissioner for Health and Food Safety delegated by Lithuania, assured the Government that issues relating to the Russian embargo will be solved on the level of the World Trade Organisation (WTO).
Klaipėdos Nafta (Klaipėda Oil), the developer of Lithuania's liquefied natural gas (LNG) terminal project, has signed a 20-year, 34.754-million-euro loan agreement with the Nordic Investment Bank (NIB).
With the launch of “Independence”, Lithuania’s long-and-hard-fought striving for energy diversity and independence has definitely seen a big boost. But behind the jubilant scene stands the avuncular European Union that has long been encouraging the member states to seek brave solutions in tackling e...