Metinė prenumerata tik 6,99 Eur. Juodai geras pasiūlymas
Išbandyti
2013 01 29

Lithuanian Finance Minister suggests dividends from state companies could serve as downturn cushion

Lithuanian Finance Minister Rimantas Šadžius says that dividends from state-owned companies could become a source of creating a reserve to deal with a crisis, the business daily Verslo Žinios reports.
Rimantas Šadžius
Rimantas Šadžius / T.Urbelionis/BFL

"When building reserves from tax revenue, there will always be someone saying that lower taxes will provide a greater stimulus for economic growth. In my opinion, perhaps dividends from state-owned companies could be a source. There has been no serious discussion on this issue, because the good times have not come yet," he said in an interview with the paper.

The minister said the public sector could take over some areas of banking operations.

"Financing risk capital or exports is not a very interesting thing to do. The public sector has to help fill the gaps. We have the fully state-owned (credit guarantee institution) Invega. Now, an agency will possibly be developed to perform operations, very similar to those of banks, in the (residential buildings) renovation process, although it could not be called a bank in the true sense. Perhaps there will be other areas in the future as well," he said.

Report mistake

Successfully sent

Thank you

Economy

Lithuanian producers of EPS on the way to circular economy
Gilužio Rivjera by the real estate company Homa – hundreds of apartments and millions in investment
Capitalica fund successfully issued bonds amounting to EUR 5 million to finance the Verde project in Riga

Feature

State Progress Strategy 'Lithuania 2050': will Lithuania become the 'Silicon Valley' of social enterprise?
Citus Experts: Planning to Furbish or Brush Up your Home Interior? Get Ready for a Brutal Run
How do the country's most desirable employers nurture IT talents?

Opinion

Ramūnas Vilpišauskas. The president’s achievements in Brussels were modest
Laurynas Jonavičius. Will the new German government’s foreign policy coincide with Lithuanian interests?
Eastern Partnership ‘beyond westlessness’: a new momentum for the European integration

Politics

Taiwanese Minister Ming-hsin Kung – about Lithuania’s strengths and the two countries’ looming plans
The double standards of “values-based policy”: Lithuania did not join the condemnation of Turkey
Behind the scenes of ambassadorial appointments: Seimas looking for clarification on continuing questioning at the Presidential Palace