Bank of Lithuania
May 20 09:00 - 11:30

The EIB, Bank of Lithuania, Bank of Estonia and Bank of Latvia are jointly hosting a webinar entitled “Investment in the Baltics: From pandemic to war” to review key economic and investment trends across the entire Baltic region.

The war in Ukraine is a second shock, coming hot on the heels of the pandemic. The Baltic region weathered the pandemic well, with a fairly swift economic recovery. Nonetheless, the impact on firms was sizable; it impacted sales and revenue, which in turn affected their investment strategies. We will discuss the effectiveness of the policy response to date and the key structural investment challenges. We also examine the economic impact of the war to date and how it is likely to affect the decisions of firms and policymakers. 

The conference will bring together a group of policymakers and economists as well as representatives from financial institutions and the business community. 

After the opening remarks, the results of the EIB Investment surveys for the Baltic countries will be presented, including some remarks on the impact of the war in Ukraine. This will be followed by a panel discussion with the governors of all three Baltic central banks.

The event will finish with a panel of external speakers, focusing on the war, the policy response to the pandemic and the investment priorities in the period ahead.

Registration is not required.

SPEAKERS (417.3 KB download icon)


Master of ceremony: Marco Francini, Head of Regional EIB Groups Office for the Baltic States, European Investment Bank
All time indications are in EEST


Welcome and opening remarks

Gediminas Šimkus, Chair of the Board, Lietuvos bankas
Thomas Östros, Vice President, European Investment Bank


The EIB Investment Survey (EIBIS) - key findings and implications for the region

Kevin Koerner, Economist, European Investment Bank

EIB Investment Survey 2021 - Estonia Overview

EIB Investment Survey 2021 - Lithuania Overview

EIB Investment Survey 2021 - Latvia Overview


Panel discussion: Governors of Bank of Estonia, Bank of Latvia and Bank of Lithuania on the macroeconomic/financial situation in the region and the impact on investment

Chair: Debora Revoltella, Chief Economist, European Investment Bank


  • Gediminas Šimkus, Chairman of the Board, Lietuvos bankas
  • Madis Müller, Governor, Eesti Pank
  • Mārtiņš Kazāks, Governor, Latvijas Banka  
10:20-10:30 Coffee break

Panel discussion: Investment at a time of conflict and long-term structural challenges

Chair: Valdonė Darškuvienė, Professor of Finance, ISM University of Management and Economics


  • Elijus Čivilis, General Director of “Invest Lithuania”
  • Sandrine Croset, OPS Director BSNE (Baltic Sea and Northern Europe), European Investment Bank
  • Kārlis Danēvičs, Management Board member and Chief Risk Officer of SEB Bank Latvia
  • Joonas Vänto, Director of Invest Estonia

Closing remarks

Marco Francini, Head of Regional EIB Groups Office for the Baltic States, European Investment Bank

Last update: 22-05-2022