ENThe aim of the paper is to review the use of EU structural funds for first and second programming period and to identify the main achievements and challenges in ensuring sustainable economy growth and cohesion in Lithuania The main tasks to achieve this aim are: to analyse aims and financing priorities from EU structural funds in the first financing period in Lithuania; to analyse use of EU structural funds in second financing period in Lithuania and to compare with results of use of EU Structural funds in other countries. Index Terms: Cohesion, EU structural funds, regional development, sustainable economy growth. [From the publication]