Mr Algirdas Šemeta has been appointed Minister of Finance as of 15 December 2008 and thus also serves as EIB Governor for the Republic of Lithuania, succeeding Mr Rigmantas Šadžius.

Born on 23 April 1962, Mr Algirdas Gediminas Šemeta graduated in 1985 from the Faculty of Economic Cybernetics and Finance at Vilnius University and acquired the qualification of economist-mathematician.

He previously served as Director General of the Department of Statistics from 2001 to 2008, Government Secretary of the Office of the Government of the Republic of Lithuania from 1999 to 2001, Vice-President of the company “Nalšia” during 1999, Minister of Finance from 1997 to 1999, Chairman of the Securities Commission under the Ministry of Finance from 1992 to 1996, Deputy Chief of the Privatisation Unit of the Office of the Government 1991 and 1992, Head of the subdivision of the Economy Development Strategy Division of the Ministry of Economics between 1990 and 1991 and Economist at the Lithuanian Economy Institute between 1985 and 1990.