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 activities in Armenia, Georgia, Moldova and Ukraine.
The EBRD’s latest strategy for Lithuania was adopted on 15 September 2021
EBRD forecast for Lithuania’s real GDP growth in 2023 -0.5%
EBRD forecast for Lithuania’s real GDP growth in 2024 1.5%
Following a sharp slowdown in 2022, when GDP grew at the rate of 1.9 per cent, the economy shrank by 0.8 per cent year on year in the first half of 2023. The slowdown has been largely driven by sustained inflationary pressures on households’ real incomes, worsened economic ties with China and weak demand from the EU, all weighing on industrial activity and consumer confidence.