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Lithuania no longer a leader in absorbing EU funds
BC, Vilnius, 22.12.2017.
Print version
Print versionLithuania has lost its position as a leader in absorbing EU money as it has spent less than a third of all planned EU funds since the start of this year and less than a sixth since the beginning of the current financing period, the business daily Verslo Zinios reported on Friday, cites LETA/BNS.
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Lithuania, which ranked third by the rate of absorption of EU investments
last summer, has now dropped to eight place in terms of funds declared to the
European Commission.
Out of 997 million euros in EU investments planned for 2017, the country
used only 307 million euros, or 31 percent, as of Nov. 30.
Lithuania has absorbed 1.15 billion euros, or 17 percent, of the total
amount of money allocated to it for the current financing period.
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