President of the Republic of Lithuania President of the Republic of Lithuania

President’s visit to New York: focus on economic diplomacy

2021-09-22

While attending the events at the United Nations, President Gitanas Nausėda also focusses on economic diplomacy as it has already become a tradition. In New York, the President of Lithuania met with Robert Fauber, President & CEO of Moody’s and Mariano Andrade Gonzalez, Head of Moody’s in Lithuania. Moody’s is over a hundred-year-old company that has been active in the field of integrated risk solutions.

“Our country is globally known for the high performance of laser industry and life sciences that have achieved a breakthrough during the pandemic. Now it is the right time for the development towards other directions to contribute to a higher value-added economy of Lithuania. Investments targeted to climate change and cybersecurity challenges are paramount for the future and are in line with our country’s growing ecosystem," the President said.

The meeting in New York focused on possible new areas of development and investment: climate change mitigation and risk management as well as enhancing cybersecurity and the development of related solutions. At the meeting, Moody’s representatives were presented with indicators on Lithuania’s economy resilience to the challenges of the pandemic, Lithuania’s achievements, and Green Deal ambitions.

Since its independence, Lithuania has cut the greenhouse gas emissions by over a half – 57 per cent – and aims to achieve climate neutrality by 2050. The legal framework promoting the development of cybersecurity, international regional initiatives for the creation of hubs, and the organization of specialized study programmes in the higher education establishments create a favorable ecosystem for the development of cybersecurity risk management solutions in Lithuania. 

Moody’s took its first steps in Lithuania by setting up a Global Operations Hub in 2018. Currently, it employs more than 150 specialists.

The President‘s Communication Group

Last updated 2021.09.22 16:34

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