Lithuania: Scope affirms A+ credit rating with stable outlook

European credit rating agency Scope Ratings has affirmed Lithuania’s long-term credit rating at A+ with a stable outlook, the Finance Ministry announced, BNS reports. The agency pointed to Lithuania’s resilient and increasingly diversified economy, sound public finances, and strong institutional framework. Also, rapid economic growth and greater macroeconomic resilience were raising income levels in Lithuania,…

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Lithuania: Incoming PM presents new cabinet

Lithuania’s incoming new prime minister, Mindaugas Sinkevicius, chairman of the country’s ruling Lithuanian Social Democratic Party (LSDP), has presented his proposed cabinet of ministers to President Gitanas Nauseda, BNS reports. LSDP has nominated nine ministers to the new coalition government: Lukas Alsys for culture minister, Ieva Andriulaityte for environment minister, Kestutis Budrys for foreign minister,…

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