Economy / Lithuania
Finance Minister Resigns
April 2007 | Ratings UpdateMinister 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
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