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Lithuania expects to receive an invitation to open accession negotiations with the Organization for Economic Cooperation and Development (OECD) this year , the Lithuanian president's press office said on Thursday.
OECD Secretary-General Angel Gurria
OECD Secretary-General Angel Gurria
© Reuters/Scanpix

"(OECD membership) will not only boost Lithuania's international standing, but will also bring substantial benefits to our economy and people. Lithuania will become more attractive for foreign investors, improve its credit ratings and borrowing costs," President Dalia Grybauskaitė said in a press release after meeting with Angel Gurria, secretary-general of the organization, in Davos.

Grybauskaitė is attending the World Economic Forum in the Swiss ski resort.

A decision on opening talks with Lithuania is likely to be taken in June after assessing the country's homework and implementation of its membership action plan, according to the press release.

Lithuania is already an active participant of OECD committees and work groups. The country also contributes to the organization's support to Ukraine.

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