The Lithuanian government has agreed to contribute 2.5 million euros to the EU's Emergency Support Instrument (ESI) to accelerate the creation of a COVID-19 vaccine.
Vakcina nuo koronaviruso.
Vakcina nuo koronaviruso.
© Shutterstock

ESI funds are used to support potential vaccine producers, and finance part of vaccine development and production capacity costs.

"This budget is used to finance vaccine developers. This is not paying for the vaccine itself. The European Commission is thus funding potential vaccine developers and giving them funds so as many vaccines as possible are developed and reach the final stages," Health Minister Aurelijus Veryga told the Cabinet on Wednesday.

"Currently, 22 vaccine candidates meet the criteria set by the European Commission. Negotiations with some producers are ongoing, but talks with others haven't even started," he said. "Talks with seven potential producers are in advanced stages, and the Commission has already signed a preliminary agreement with one (potential producer)."

However, the government made it a condition that possibilities for a more efficient allocation of existing ESI funds be assessed before providing additional money.

Last week, the European Commission informed member states that the ESI funds earmarked for supporting vaccine producers were insufficient and that a total of 750 million euros in additional funds were needed to conclude talks and contracts with vaccine producers.

EU countries earlier agreed to support more vaccine developers by including vaccine candidates being developed based on different technological methods. The aim is to increase the chances of creating and purchasing an effective coronavirus vaccine as soon as possible.

The Commission has signed a preliminary purchase agreement with British-Swedish pharmaceutical company AstraZeneca which expects to be among the first to start producing a COVID-19 vaccine.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Ministry asks for EUR 11.5 mln for protection of Belarusian border

Lithuania's Interior Ministry is asking for an additional allocation of 11.5 million euros for the...

Another 32 illegal migrants detained

Another 32 illegal migrants have been detained in Lithuania near the country's border with Belarus,...

President: Russian occupation of Georgian regions violates international law

Russia’s ingoing occupation of the Georgian regions of Abkhazia and Tskhinvali/South Ossetia is a...

Parliament OKs amendment on running for Seimas 10 years after impeachment

The Seimas of Lithuania on Thursday gave its initial backing to a new constitutional amendment on...

155 new COVID-19 cases

On Thursday, 155 new COVID-19 cases were recorded in Lithuania. In total, the country has already...

Top news

Ministry asks for EUR 11.5 mln for protection of Belarusian border

Lithuania's Interior Ministry is asking for an additional allocation of 11.5 million euros for the...

Neopagans could reapply for recognition in three months’ time (1)

Lithuania's Romuva, an ancient Baltic religious community, will be able to reapply for state...

Finance Minister singles out fairness of tax system as one of key objectives

Lithuania’s Finance Minister Gintare Skaiste stressed the importance of fairness of a tax system...

Belarus student in Vilnius: living here expanded my horizons

Electronic Business Management student Tania Krauchauka from Gomel (Belarus) calls Vilnius an...

Neringa launches culture capital events (1)

On Friday, Neringa officially launched events as part of its Lithuanian Capital of Culture 2021...