Lithuania's government on Monday decided to issue green bonds on the domestic market, with the first issue worth 68 million euros to be launched in late April.
Rooftop wind turbines
© Vida Press

The Lithuanian government will be the first public authority in the Baltic states to issue green bonds.

The generated funds will be invested in modernizing multi-apartment buildings and enhancing energy efficiency, the Finance Ministry said.

"The interest in green bonds is a rapidly growing and global, worldwide process. The European Union together with the United States are among the green bond leaders," Finance Minister Vilius Šapoka said in a press release.

He expects that the government's decision to use this financing instrument will encourage greater interest from foreign investors in investment opportunities in Lithuania.

All proceeds from the bond issue will be on-lent to the Public Investment Development Agency, or VIPA, which will use the 10-year loan for the modernization of 156 multi-apartment buildings.

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

Lithuania one of the first countries in EU to establish the definition of a start-up by law

The Parliament of the Republic of Lithuania (Seimas) approved the definition of a start-up provided...

Transport Minister: Lithuania ready to test driverless cars

Lithuania is putting a lot of effort and is ready to test driverless cars , the country's Transport...

Lithuania remains dependent on imported energy

Lithuania used more energy resources last year, and the country remains dependent on imported...

Chinese conclusions on beef exports due in late summer

Lithuania expects the conclusions of a recent week-long audit by Chinese experts into beef...

GET Baltic to expand to Finland next year

The regional gas exchange GET Baltic, operating in the Baltic states, will launch a new market area...