According to Minister Rimantas Šadžius, the changing geopolitical situation defines the need to take immediate action and mobilize the necessary capital. State funds and efforts alone will not be enough to address the challenges of security, defence infrastructure, and production development. Therefore, capital markets must play an important role, and it is necessary to create financial instruments and a favourable ecosystem that would encourage investments.
"I believe that Lithuania, by investing a significant portion of its GDP in security and defence industry, promoting the development and investment potential of the ILTE, will create more favourable conditions for the growth of capital markets," Minister R. Šadžiusnoted.
It should be pointed out that Prime Minister G. Paluckas, after the meeting with financial institutions, also noted the expectation that both banks and pension funds should invest more actively in national defence-related or other priority areas.
In the discussion the Minister of Finance emphasized that Lithuania, implementing the military order for defence readiness for all challenges in the short term, has chosen the path of increasing public welfare through investment in security, i.e. ensuring security not only through short-term acquisitions, but also through long-term investments in defence infrastructure, defence, and industry establishment and growth in Lithuanian regions.
The Minister noted that not only foreign capital, but also Lithuanian capital investments in the security sector will be prioritized.
The Lithuanian Minister of Finance also met with Estonian Minister of Finance Jürgen Ligi and Latvian Minister of Finance Arvils Ašeradens in Stockholm.
