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 2015 1.7%
EBRD forecast for Lithuania’s real GDP growth in 2016 3.0%
Lithuania suffered a temporary disruption in external trade in the first half of 2015, and we reduced growth expectations to only 1.7 per cent. In 2016, growth is expected to be more uniform at around 3 per cent. On the whole, exporters appear to have been adept in shifting to new markets and upgrading products further. During the first half of 2015, Lithuania’s exports to Russia amounted to roughly 13 per cent of the total exports, which is significantly down from about 20 per cent last seen in 2013. Similarly to its Baltic peers, Lithuania shows strong real wage growth, though also more binding constraints in labour markets. Improved utilisation of the new EU structural funds, in conjunction with private funding, are expected to boost investment over the medium term.