Lithuania's Government has endorsed a plan to implement recommendations made by the Organization for Economic Cooperation and Development (OECD).

To read this article, try a €5.99 monthly subscription by clicking here.
© DELFI / Šarūnas Mažeika

The recommendation included efforts against tax evasion, the promotion of new forms of business financing, developing an innovation promotion policy that will support young and innovative enterprises, integrating Lithuania's energy, railway and gas networks with European grids, and enhancing active labour market programs.

"Politically, it is a crucial issue for us – joining the Organization for Economic Cooperation and Development, and fully-fledged membership in 2018 is the Lithuanian objective shaped by the government. Today we gave our final approval to the plan of joining the organization. It stipulates the measures to be implemented by individual ministries, and we expect that it will be implemented in time," Prime Minister Algirdas Butkevičius told journalists after the government's meeting.

Drafted by the OECD, the economic review of Lithuania covers a number of areas including fiscal and financial policies, improvement of productivity, integration growth, social security, etc.

The prime minister has said that Lithuania should speed up the restructuring of forestries in order to join OECD in 2018.

Lithuania was invited to open OECD membership talks in 2015, falling behind its neighboring European Union (EU) nations in the accession process. Poland joined the organization in 1996, Estonia entered in 2010 and Latvia became a member earlier this year.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
Commenting is allowed for registered users only!
By posting, you agree to terms
Read comments Read comments

Lithuanian food watchdog receives four complaints over needles in food

Lithuania's State Food and Veterinary Service has received four complaints over this week on needles...

In response to criticism over pension cuts, Šimonytė tells Ušackas he was in same Cabinet

In response to criticism from Vygaudas Ušackas over pension cuts, Ingrida Šimonytė reminded her...

Lithuania will have more business financing alternatives

Lithuania creates one of the most favourable conditions in the European Union for the activities of...

Belarus' road repairs may cause traffic restrictions at Lithuania's Medininkai checkpoint

The Lithuanian State Border Guard Service (VSAT) has warned of possible temporary traffic...

Money laundering story casts shadow on whole Baltic banking sector - Lithuanian c.banker

The recent money laundering story involving banks operating in the Baltic states has a negative impact...