President of the Republic of Lithuania

Lithuania is prepared to assist Ukraine in its efforts to achieve competitiveness in the regional market

2019-11-27

On November 27, President Gitanas Nausėda welcomed participants of the Lithuanian-Ukrainian Economic Forum held at the Presidential Palace to discuss economic cooperation prospects between the two countries. The business forum attended by more than one hundred businesses was organized during the official visit of President Volodymyr Zelensky to Lithuania.

In his speech, President Nausėda emphasized the close relations between Lithuania and Ukraine, based on brotherly support for Ukraine’s strive for freedom and independence. According to the President, relations between the two countries are further strengthened by the common goal of creating a sustainable business market in the region. This could be done through sharing of good practices among business communities: “Lithuania has worked very hard to return to the political map of Europe, where it has always belonged. Reforms were not easy, but our friends helped us. Today, we are already the friends who are prepared to help Ukraine implement the necessary reforms and relate with Europe even more closely”, the President said. The President stressed that Lithuania was determined to contribute to Ukraine’s aspiration to become a more competitive market player in the region.

According to the President, increasing trade and investment volumes between Lithuania and Ukraine open new opportunities for cooperation in traditional sectors of the economy, such as energy and transport, and push cooperation into a new stage, finding common ground in innovative sectors such as information, financial technology, cyber security, development of the renewable energy market.

The meeting also focused on bilateral cooperation in the fields of energy, energy security and nuclear safety. The President encouraged Ukraine to continue actively pursuing energy independence and synchronization of the power grids with Europe, which would increase Ukraine’s resistance to Russian influence.

President Gitanas Nausėda suggested using alternative gas supply through the existing and future infrastructure – a functioning LNG terminal in Klaipėda and a Polish-Lithuanian gas interconnection.

The President welcomed close people-to-people contacts between Lithuania and Ukraine and encouraged the business communities to cooperate more actively to implement joint economic development plans in the region.

The President‘s Communication Group

Last updated 2019.11.27 15:18

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