Valdis Dombrovskis EN

Lithuania in the late 2000s promised Latvia to support its efforts to build a liquefied natural gas terminal near Riga, but broke that promise, a former diplomat says.

The European Commission proposes to transform the 500-billion-euro European Stability Mechanism (ESM) into a European Monetary Fund (EMF) to more rapidly respond to financial difficulties in Eurozone member states.

European Commission (EC) Vice-President Valdis Dombrovskis has stated in Vilnius that Lithuania should give up some value-added tax (VAT) privileges amid projected growth of state spending, as well as improve the collection of VAT and residents' income tax. He also stressed the substantial progress ...

Lithuania's President Dalia Grybauskaitė has asked the European Commission (EC) to apply a reserve clause for the country to be able to have a bigger deficit of public finance during implementation of a structural reform – the new social model.

The European Commission's Vice-President Valdis Dombrovskis says that the principle of voluntary solidarity earlier applied in the efforts to solve the refugee crisis in Southern Europe did not work, therefore, a mechanism of balanced distribution of asylum-seekers is required.

If Greece fails to reach a debt deal with the European Union, the country may fall back into recession, Valdis Dombrovskis, the European Commission's vice-president for the euro and social dialogue, said in Vilnius on Tuesday.

Valdis Dombrovskis, the European Commission's vice-president for the euro and social dialogue, has warned that Lithuania's budget deficit should not increase this year, noting that the EU's executive body forecasts that the country's budget deficit in 2015 will be 0.7-0.8 percentage points above the...

Lithuanian President Dalia Grybauskaitė met with Valdis Dombrovskis, vice-president of the European Commission responsible for deepening the Economic and Monetary Union and promoting social dialogue at EU level. The meeting focused on the introduction of the euro in Lithuania and key priorities of t...

By joining the euro zone, Lithuania is becoming part of an area of stability, security and prosperity, says European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici.

Lithuania's President Dalia Grybauskaitė is leaving for Brussels on Saturday to attend the European Union (EU) summit on heads of institutions and the crisis in Ukraine, which has accused Russia of having launched a direct military invasion.

"Euro in Lithuania is good news for the Baltic States – it will once again prove accomplishments of the Baltic States in securing financial stability and economic growth. It also demonstrates the attractiveness of this region for investments," said Latvian MEP Valdis Dombrovskis, commenting the news...