Speech of the Chairman of the Board during the 16+1 meeting in Hungary
Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, participated in the inaugural summit of central bank governors from China and the CEE countries held in Budapest (Hungary) that focused on central bank cooperation, macroeconomic developments in the 16+1* countries, financial innovations and other issues.
Speech by V. Vasiliauskas (308.9 KB )
*The 16+1 framework is an initiative by China aimed at expanding its cooperation with CEE countries: 11 EU Member States (Lithuania, Latvia, Estonia, Poland, the Czech Republic, Slovakia, Slovenia, Bulgaria, Romania, Hungary, and Croatia) and 5 Balkan countries (Albania, Bosnia and Herzegovina, Montenegro, Macedonia, and Serbia) in the fields of transport, investment, finance, agriculture, health care, education and culture. The first 16+1 Summit was held in Warsaw, Poland, in 2012.