Lithuania's economy is stable and will grow in the future, the secretary general of the Organization for Economic Cooperation and Development (OECD) said in Vilnius on Monday.
José Ángel Gurría
© DELFI / Mindaugas Ažušilis

However, Angel Gurria did not say when Lithuania might join the organization.

"We do not have a date (when Lithuania could become an OECD member), because we believe that this is too important to be fast. The essence of the process is that it is about quality," he said.

"Lithuania's economy works well and it will work better in the future. It is open and, therefore, dependent on external factors. Basically, all of us are still experiencing the consequences of the financial crisis. How does this affect Lithuania? Lithuania is part of the world's largest trade bloc," he told BNS after meeting with President Dalia Grybauskaitė.

According to Gurria, the key factors that have an impact on Lithuania are economic trends in the EU, Russia and the world as a whole.

Lithuania applied for membership in the OECD back in 2002 and in June 2015 was officially invited to open accession talks. The country expects to join the organization in 2018 at the latest.

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

Vilnius mayor: government not pulling out of stadium project

Vilnius Mayor Remigijus Simasius says Lithuanian Prime Minister Saulius Skvernelis has assured him...

New chief of defense: I am a realist and don’t dream about things we cannot have

Lithuania's incoming chief of defense , Major General Valdemaras Rupsys , says he will seek to...

Russian oil contamination suspect seeking political asylum in Lithuania

Roman Ruzhechko , a suspect in a Russian oil pipeline contamination probe who was detained in...

10 unreported moments: Grybauskaite's diplomacy behind-the-scenes

With Dalia Grybauskaite having ended her second term as Lithuanian president, here is a look at her...

Most-advanced US fighter jets land in Lithuania for 1st time

The United States' most-advanced fighter jets F-35 landed in Lithuania on Thursday.