‘Lithuania's cooperation with the Nordic Investment Bank has helped to mitigate the impact of the COVID-19 pandemic on the economy as well as to implement large and timely projects, such as the LNG terminal and its infrastructure in Klaipėda, whose importance for Lithuania and–today–for the whole region is beyond doubt. Therefore, we believe that this partnership, which has already proved its worth, will continue successfully in the future’, said First Deputy Chancellor Kriščiūnas.
The meeting with the President of the NIB focused on the near-term economic prospects for the Nordic-Baltic region and Europe as a whole, in the context of Russia's ongoing war against Ukraine. The process of reducing Europe's dependency on the Russian energy resources and eventually eliminating imports of these resources altogether, as Lithuania had done, was also discussed. This objective is to be pursued in parallel to the development of renewables, thus implementing the crucial green transformation agenda as well as ensuring stability and predictability in the energy sector.
The Nordic Investment Bank is an international financial institution established in 1975 by the Nordic countries–Sweden, Finland, Denmark, Norway, and Iceland. In January 2005, Lithuania, Latvia and Estonia became members of the NIB as well.
Mr Küüsvek (Estonia), who has been the head of the NIB since April 2021, is the first President of the institution from the Baltic States.
