Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-190-984"
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"en.20111013.19.4-190-984"2
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"Lithuania and the European Bank for Reconstruction and Development (EBRD) are bound by close cooperation. According to EBRD data, our cooperation covers 78 projects with a total value of EUR 1.8 billion and a net turnover of EUR 590.6 million. I believe that it would be helpful for the EU to sign the decision on these additional shares in the capital of the European Bank for Reconstruction and Development (EBRD), particularly given that this will have no immediate direct effect on the EU budget. The objective of the proposed legislation is to permit the EU to subscribe for additional callable shares in EBRD countries, in proportion with the EU’s current share of the capital. This decision would enable the EBRD to increase its activities in its countries of operation, including Lithuania, thus providing valuable assistance to the economies of those countries in times of restricted capital availability. Although the EBRD’s activities were reduced following Lithuania’s accession to the EU, it continues to play an important role in our country. The EBRD can, for instance, encourage commercial banks to continue to provide companies, particularly SMEs, with loans. Above all, the EBRD can help to strengthen corporate governance in Lithuania’s local companies, promote investment in renewable energy, and support the development of electricity grids."@en1
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