• On 16-17 January 2018 VIPA), organized a multi-lateral meeting for three BUILD2LC partners in Vilnius, Lithuania, to assist Gloucestershire, Slovenia and Andalusia in the successful management of financial instruments to renovate buildings. The introduction and welcome speech was made by VIPA CEO, Gvidas Dargužas. During two days there were a good number of expert speeches that outlined the whole story of Financial Instruments in Lithuania since the nineties. Rūta Dapkutė-Stankevičienė, Deputy Director of the EU Investment Department of Ministry of Finance, presented the set-up, lessons learned while implementing the financial instruments in Lithuania. She compared 2007-2013 and 2014-2020 programming periods. The investments and achieved results of 2007-2013 period were presented, emphasizing that the first experience was gained setting up JESSICA for energy efficiency projects and JEREMIE for SMEs financing. Inesis Kiškis, Director of European Union Assistance Management Department of Ministry of Environment, presented the implementation of Multi-apartment buildings renovation programme in Lithuania. Neringa Gražinytė, Associate Partner TGS Baltic, Lawyer of EIB, presented the example of supporting energy efficiency improvements – Leveraged Fund Lithuania. Marius Smaidžiūnas, Deputy Director of Project Implementation Division of HESA, presented the Multi-apartment modernization program in Lithuania stressing the role of the municipalities and administrators. Simona Ramanauskienė, Head of Publicity Programme Implementation Division of HESA, presented promotion, communication and public awareness of the multi-apartment buildings renovation process in Lithuania. Mindaugas Rudys, Director of Department for Development of Financial Services of Šiaulių Bankas, presented the experience of Šiaulių Bankas in implementing energy efficiency projects. Justinas Bučys, Head of Investment and Development Division of VIPA, presented the concept and scope of securitization. He explained the main problems of securitization, including the fundamental conflicts of interest between participants and falling lending standards. Kristina Vaskelienė, Deputy CEO of VIPA, presented the modernization of public buildings in Lithuania and establishment of KŪB and the Energy efficiency fund (ENEF) which covers central public buildings modernisation and street lighting modernization. Vaida Lauruševičienė, Head of Assistance Programme Division of VIPA, presented the innovative financial instrument – repayable assistance. Justinas Poderis, Senior Associate at Law firm Glimstedt, presented the facility managed by EBRD – ELENA Finally, the Andalusian stakeholders Francisco Caceres from the National Association of ESCOs of Spain (ANESE), made the presentation about ESCOs and the key partners to achieve an energy transition in Spanish ESCO market and Dr Ignacio Contreras from the Spanish Institute of Financial Analysts, presented proven good practices of financing of energy rehabilitation in buildings and dwellings, both in order to finalize the bi-lateral meeting held in Andalusia with VIPA just two months ago. see more information in library