Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

EU Aid Suspension for Lithuania Is Temporary, Minister Says

March 1 (Bloomberg) -- Lithuania will provide details on the usage of European Union funds in 2010 to reverse the suspension this week of regional development aid to the Baltic nation, Finance Minister Ingrida Simonyte said.

At issue is 26 million litai ($10 million) in aid from a total of 3 billion litai allocated for 2010, the minister said last night on the television program Panorama. The European Commission, the EU’s executive arm, asked for details on the use of the funds after Lithuania’s state auditor raised questions over projects that received funding from the bloc.

“The European Commission asked us to provide additional information about the issue after the state auditor’s report,” Simonyte said. “We will continue to finance European projects as usual, which is that we finance the projects from our own funds and get reimbursed later. European projects will continue to be carried out.”

To contact the reporter on this story: Milda Seputyte in Vilnius at

To contact the editor responsible for this story: Balazs Penz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.