Rimantas Šadžius EN

Greece is asking for financial support from the European Stability Mechanism (ESM), Lithuanian Finance Minister Rimantas Šadžius said on Tuesday.

Lithuanian President Dalia Grybauskaitė and Finance Minister Rimantas Šadžius will on Tuesday attend an emergency meeting with their counterparts in Brussels to discuss the Greek debt crisis following the Sunday referendum that saw the Greeks voted down austerity measures.

Although eurozone finance ministers have not extended Greece's bailout program, the country stays in the single currency, Lithuanian Finance Minister Rimantas Šadžius has said, adding that the EU will use other means to help Greece, such as structural funding, and that the country now has to take me...

Emergency euro area’s summit, which will be held on Monday, may rouse Greece to action in addressing the debt crisis, Lithuania’s Finance Minister has said.

After negotiations between Greece and its international lenders failed, the country's future in the eurozone may not be settled until this autumn, says Lithuania's Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure.

Debt-ridden Greece will hardly be able to pay 1.6 billion euros to the International Monetary Fund (IMF) by June 30 without external financial support, Lithuania’s Finance Minister believes.

The Lithuanian government on Monday agreed in principle to grant the status of an economic project of national importance to the planned conversion of the Vilnius Palace of Concerts and Sports, a now derelict building that was built more than 40 years ago on the site of a former Jewish cemetery, to ...

Lithuanian Finance Minister vilniusRimantas Šadžius does not support the idea of allowing local governments to issue bonds, saying that such bonds would create an additional risk to fiscal sustainability.

Greece could learn from Lithuania how to implement reforms during the crisis instead of focusing on getting external support, Finance Minister Rimantas Šadžius said on Friday as he arrived at the Eurogroup’s meeting in Riga.

Lithuania’s Finance Minister Rimantas Šadžius does not expect any fast-track solutions to be found in negotiations between the European Union (EU) and Athens on Greece’s financing, which would help the country avoid a debt default.

Lithuanian Finance Minister Rimantas Šadžius believes that services prices have been rising due to people's growing incomes rather than to euro adoption.

French Finance Minister Michel Sapin is coming to Lithuania this week to discuss the financial situation in the eurozone.

Lithuania’s Finance Minister Rimantas Šadžius has once again called upon the World Bank’s president to upgrade the status of the three Baltic states in this institution from emerging to developed countries.

Lithuania, which formally joined the European Stability Mechanism (ESM) in early February, will transfer the first 65.44-million-euro tranche of paid-in capital on Wednesday, a week after the Cabinet gave the green light for the payment.

The Lithuanian government on Wednesday, a day after the country formally joined the European Stability Mechanism (ESM), gave the green light for transferring the first tranche of paid-in capital.

Lithuania has already reached the bottom of the impact of Russia's economic downturn and has effectively withstood the biggest hit, says Lithuanian Finance Minister Rimantas Šadžius.

Lithuanian minister of finance sees no reasons to panic over a possible decline in trade or stalling of economic development after the country's adoption of the euro.

On 3 February, Lithuania became the 19th member of the European Stability Mechanism (ESM). Lithuania has ratified the ESM Treaty and now acquires the full rights and obligations of ESM membership.

Lithuania is considering to contribute to the European Fund for Strategic Investments (EFSI), or the so-called “Juncker-plan”, but it would like to see that money earmarked for projects of the Baltic region.

Lithuania has become the eurozone's 19th member, but only half of Lithuanians are in favour of the new currency. That will change, Finance Minister Rimantas Šadžius told DW, the Ministry of Foreign Affairs reports.