The Investment of EU Funds in Lithuania: What to Expect During the 2014-2020 Period?

According to the 2014-2020 EU financial framework for the 2014-2020 programming period, Lithuania will be provided funding of 44 billion LTL; of them a sum of about 23 billion LTL is composed of the European Social Fund, the European Regional Development Fund, and the Cohesion Fund: the EU’s cohesion policy investments. The most important document that sets out what socio-economic changes will be aimed at investing these EU funds in Lithuania is the 2014-2020 EU Structural Funds Action Programme.

The Lithuanian Ministry of Finance hired VšĮ Viešosios Politikos Ir Vadybos Institutas (Public Policy and Management Institute–PPMI) to perform a preliminary assessment of the Lithuanian 2014-2020 EU structural funds operational program, the purpose of which is to help better plan the EU Structural Funds interventions in the 2014-2020 period.

To date the program project is formally submitted to the European Commission. However, until the document is approved, there are ongoing discussions on national development priorities for which the EU Structural Fund investments will be used. Nordea Bank AB chief analyst Žygimantas Mauricas commented on planned EU cohesion policy investment demand, relevance, and potential impact on the economy of Lithuania.