Analysis, data & forecasts on every country across the region

Economy / Lithuania

Finance Minister Resigns

April 2007 | Ratings Update

Minister of Finance Zigmantas Balcytis of the Social Democratic Party tendered his resignation to Prime Minister Gediminas Kirkilas in late March, citing personal reasons. These are linked to the politicisation of a court case in which the minister's son, who works for a government agency affiliated to the finance ministry that deals with applications for EU funds, was alleged to have falsified documents and abused his position to favour two companies applying for money. Although his son has been cleared of any wrongdoing, rumours and speculation about the case persist and Balcytis is believed to be stepping down in an

To read the full article, please choose one of the following options:

Subcribers please log in

Central Europe & Baltic States MonitorCentral Europe & Baltic States Channels Central Europe & Baltic States Countries