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2020 02 17
Lithuania’s impressive Fintech growth extends into 2020

The Fintech Landscape in Lithuania report, a yearly study providing a snapshot of Lithuania’s Fintech sector, was released. The report, which looks at the state of Fintech in 2019, confirms the continuation of the strong growth trend of previous years, with the number of Fintechs increasing by 24% to 210 and the number of jobs in the Fintech sector increasing by over 30% to...

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2020 02 03
After a six-year hiatus, Fitch Ratings upgrades Lithuania

Following a favourable assessment of Lithuania's public finance and economic situation, Fitch Ratings, the international credit rating agency, has upgraded Lithuania’s long-term and short-term Foreign-Currency Issuer Default Ratings from A- to A and from F1 to F1+, respectively. The agency's long-term credit rating is stable.

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2020 01 16
EIB opens regional office to strengthen presence in the Baltics

The European Investment Bank (EIB) Group has today officially inaugurated its regional representative office for the Baltic Region in Vilnius, Lithuania. At the inauguration ceremony in the presence of the Lithuanian Finance Minister Šapoka, the EIB’s President Hoyer and Vice-President Stubb unveiled of a commemorative plaque, officially kicking off the permanent...

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2020 01 11
Credit Rating Agency DBRS Morningstar Upgrades Lithuania's Credit Rating Outlook To Positive

International credit rating agency DBRS Morningstar has upgraded Lithuania's long-term debt rating outlook from stable to positive. The rating (A) has not yet been changed. DBRS Morningstar grounds its decision on Lithuania’s sound fiscal policy, improved economic resilience and its low debt-to-GDP ratio. According to the...

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2019 11 27
Fintech market leaders from around the world gather in Vilnius

Fintech Inn, the largest financial technology (fintech) conference in the Baltic and Nordic countries, opened in Vilnius; this year it will be a record with over 3,000 participants, representing more than 500 companies from around the world. Organizers of the conference say that these figures show that Lithuania is visible and known on the world map of Fintech, and,...

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2019 11 27
A Network of Fintech Coordinators under the 17 + 1 Cooperation Format between Central and Eastern European Countries and China is Created in Lithuania

Lithuania highly visible on the global Fintech map also becomes the 17 + 1 financial technology coordination centre. This was formally confirmed on Wednesday at the 17 + 1 High Level Fintech Forum for the first time taking place in Vilnius and bringing...

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2019 11 22
FinTech Week in Lithuania — Record Conference, Summit of Blockchain Hubs and

Next week, the focus of global Fintech companies, investors and people interested in financial technologies will be targeted on Lithuania – the week from 25 to 28 November is announced to be the Fintech week. During the week the latest Fintech trends will be presented in the largest Nordic and Baltic Financial Technology Conference “Fintech Inn”,...

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2019 11 08
Vice-Minister of Finance of Lithuania – Adviser to the President-Elect of the European Commission

Vice-Minister Miglė Tuskienė has been invited to join the team of President-elect of the European Commission Ursula von der Leyen. She will be an economic adviser. “I am very pleased and proud of my colleague’s professional achievements and competences, which have not only brought value to our country, but also have...

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2019 10 30
For Strengthening the Economy — A Joint Financial Instrument of the Baltic States

A unified regulatory framework for covered bonds in the Baltic states is at an advanced stage of development which will offer more opportunities to attract investment. The European Bank for Reconstruction and Development (EBRD) with consultants presented the final report on the development of the Pan-Baltic Covered Bond Framework. On...

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2019 09 11
The US is interested in cooperation opportunities with Lithuania

Successful financial technology (Fintech) in Lithuania, potential US investment opportunities and Lithuania‘s investments lead by cooperation — the issues discussed at a high level meeting yesterday by Minister of Finance  Vilius Šapoka and Governor of the US State of Pennsylvania Tom Wolf.

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2019 08 26
Moody’s Upgrades Lithuania's Credit Rating Outlook To Positive

Lithuania’s long-term rating outlook from stable became positive. It has been upgraded by the international credit ratings agency Moody‘s after the positive assessment of the fiscal policy pursued by the country. Currently, long-term and short-term credit ratings affirmed by the agency (A3 and P-2) remain unchanged. 

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2019 07 12
DBRS Upgrades Republic of Lithuania to A, Stable Trend

DBRS Ratings GmbH (DBRS) upgraded the Republic of Lithuania’s Long-Term Foreign and Local Currency – Issuer Ratings from A (low) to A, and maintained the Stable trend. The A ratings are underpinned by Lithuania’s sound fiscal position and its low public debt ratio. According to DBRS, other credit strengths are as follows: meeting OECD standards and benchmarks, Euro system...

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