In Lithuania we focus on:
Supporting investments in renewable energy and energy efficiency. The EBRD continues to focus on promoting and financing new renewable energy generation and improving energy efficiency particularly in municipal and industrial sectors.
Improving the competitiveness of the export sector. The EBRD is promoting cross-border investments by Lithuanian companies elsewhere in our region and supports export-oriented enterprises with a focus on investments in advanced technologies. Investments in regional equity or mezzanine funds are also being considered.
Support strengthening of local banks. The EBRD is supporting the local banking sector, focussing on strengthening sector stability and promoting consolidation.
Policy dialogue. We are conducting policy dialogue with the Lithuanian authorities to support improvements in corporate governance in the financial and public sectors.
As well as being a country where the EBRD works, Lithuania is also an EBRD donor. Lithuania remains a supporter of the Eastern Europe Energy Efficiency and Environment Partnership Fund, having paid €105,000 for activities in Armenia, Georgia and Moldova.
The EBRD’s latest strategy for Lithuania was adopted on 10 February 2016.
EBRD forecast for Lithuania’s real GDP growth in 2017 3.6%
EBRD forecast for Lithuania’s real GDP growth in 2018 3.5%
Exports and investment are expected to further boost short-term growth. Lithuania’s GDP growth is set to recover further, particularly driven by strengthening investment and external demand, including from Russia. At the same time, robust wage growth will maintain strong private consumption. Overall, GDP growth rates are forecast to reach 3.6 and 3.5 in 2017 and 2018, respectively. Risks to that scenario are lower-than-expected EU funds absorption and weaker-than-anticipated recovery of external demand.