EBRD aims to maintain record investment levels in Lithuania


  • World
  • Friday, 17 Jan 2025

VILNIUS, Jan. 16 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) invested a record 233 million euros (239.99 million U.S. dollars) in Lithuania last year and expects to maintain or even increase its investment levels in 2025, the bank's head for the Baltic states said on Thursday.

Speaking to the Baltic News Service (BNS), Tomas Kairys highlighted the strong demand for investments in Lithuania, driven by a significant pipeline of large infrastructure and energy projects.

Kairys noted that the bank will continue to prioritize investments in green energy, network modernization, digitalization, bank bonds, shares in privatized companies, and investment funds.

In total, the EBRD invested 540 million euros in the three Baltic states last year, marking a 67 percent increase from 323 million euros in 2023. Notably, 95 percent of these investments flew to green projects. (1 euro = 1.03 U.S. dollar)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Bosnian students protest government inaction after deadly floods
Norwegian Refugee Council NGO to suspend aid work in over 20 countries due Trump policy
Trump appoints Howard Brodie as US Ambassador to Finland
US-funded Cuban media in limbo after Trump orders USAID closed
At least 50 die in Guatemala after bus plunges off bridge
Trump funding freeze threatens Ukraine investigations of alleged Russian war crimes
Salman Rushdie, 'The Satanic Verses' author, to face attacker in attempted murder trial
Colombia migrants decry degrading treatment, but American dream remains for some
Sanctions on Syrian banks choke recovery hopes, investment chief says
Ecuador presidential vote pits incumbent against leftist in rerun of 2023

Others Also Read