Lithuania overview

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Cityscape

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 contributed €134,322 for activitie in ArmeniaGeorgiaMoldova and Ukraine.

The EBRD’s latest strategy for Lithuania was adopted on 15 September 2021.

Lithuania 's policy response to the coronavirus crisis

The EBRD is monitoring Lithuania 's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

EBRD forecast for Lithuania’s real GDP growth in 2022 4.0%

Following the mildest recession in the EU in 2020, at only -0.1 per cent, the Lithuanian economy expanded by 5 per cent, year-on-year in the first six months of 2021. The recovering domestic demand was mostly fuelled by strong investment and household consumption, which increased by 14.3 per cent and 7.1 per cent, respectively. Due to investment and consumption driven high imports, net exports contributed negatively to GDP growth. Exports, especially of services, are expected to be further negatively affected by the sanctions on Belarus that were issued by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury in August 2021.
 
About one-third of all freight at Lithuanian ports are products from Belarus, especially potassium chloride which is used in fertilizer production, and a loss in freight linked to it is estimated at approximately 0.4 per cent of GDP.
 

Lithuania in the EBRD’s 2021-22 Transition Report

 
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