Lithuania secures 300 mln-euro EIB loan for defense projects

VILNIUS, Nov. 7 (Xinhua) -- The European Investment Bank (EIB) has granted Lithuania a 300 million-euro (345 million U.S. dollars) loan to finance defense-related projects, the Baltic News Service (BNS) reported on Friday.

Lithuanian Finance Minister Kristupas Vaitiekunas said the funds will be used to purchase dual-use equipment and improve infrastructure for the country's navy, air force and army, as well as f