Bloomberg News

EU Resumes Regional Development Aid to Lithuania After Probe

May 11, 2012

The European Commission resumed regional development aid to Lithuania after the Finance Ministry provided additional information about the use and distribution of the cohesion funds.

The commission had suspended 163 million euros ($211 million) in aid in February after reviewing a report by the Lithuanian state auditor, which required additional explanation on the distribution of the funds, the Finance Ministry in the capital, Vilnius, said today in an e-mailed statement.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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