Today, the European Commission approved the Partnership Agreement for Lithuania – the main strategic document for the programming period 2021–2027 – which provides for investments of almost EUR 6.4 billion. In addition, Lithuania will contribute EUR 1.7 billion in national co-financing by bringing the total investment volume to EUR 8 billion.

This is the third Partnership Agreement approved by the European Commission for an EU Member State, after Greece and Germany.

The Partnership Agreement sets out Lithuania’s investment priorities, the implementation of which will be financed by the Cohesion Policy and Restructuring Funds, and the European Maritime, Fisheries and Aquaculture Fund. Investments will continue in Lithuania’s regions by promoting economic, social and territorial cohesion, as well as in the EU’s key priorities of green and digital transformation. It will contribute to Lithuania’s competitive, innovative and sustainable growth.

The Partnership Agreement covers three programmes: the EU Funds Investment Programme for 2021–2027 (EUR 7,770 million), the Lithuanian Fisheries Sector Programme for 2021–2027 (EUR 87 million) and the Material Deprivation Reduction Programme (EUR 88 million).

A greener economy to achieve a climate neutral impact: Investment is planned in energy efficiency and decarbonisation, adaptation to climate change; sustainable, coherent, safe and intermodal TEN-T national, regional and local mobility; pollution reduction and the promotion and the preservation of biodiversity.

More research and innovation: Focus on research and innovation in enterprises, digitisation, increased competitiveness and smart specialisation. More social cohesion: Investment in employment, quality and inclusive education and training, green and digital skills, as well as high-quality health and social inclusion services, as planned in the European Pillar of Social Rights.
Integrated territorial development: While reducing demographic challenges and territorial disparities, the integrated development measures for territories, cities and functional areas will be implemented and local people will be involved in investment decision-making.

The Partnership Agreement reflects Lithuania’s strong commitment to align Cohesion Policy funds with those of the Economic Recovery and Resilience Facility (the Next Generation Lithuania Plan). These investments are one of the tools of the European Union to achieve the goals important for Lithuania and the Community as a whole. This is to ensure the long-term economic and social well-being of the population and to strengthen the resilience and competitiveness of the Lithuanian economy. These goals become even more relevant in the context of Russia’s military aggression against democratic Ukraine.

It is also important to note that the new esinvesticijos.lt website will be launched at the beginning of May 2022. It will provide information on the EU Funds Investment Programme for 2021–2027 and the Economic Recovery and Resilience Plan ‘Next Generation Lithuania’, as well as the most relevant information for applicants on the calls for proposals.

Information from the Ministry of Finance

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