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2018 08 10
Fitch Ratings Upgraded 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 Fitch Ratings after the positive assessment of the fiscal policy pursued by the country. Currently, long-term and short-term credit ratings affirmed by the agency (A- and F1) remain unchanged.    “This...

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2018 08 06
Good News – More Business Financing Alternatives and Investment Opportunities

Reduction of administrative burden on investment funds and more favourable environment for their activities in Lithuania, and at the same time, creation of better possibilities of business financing and greater opportunities  for investors is the main goal of the draft laws on collective investment undertakings (CIU) which the Ministry of...

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2018 07 26
Lithuania Develops a New Long-Term Financing Instrument Offering More Opportunities for Business

The Ministry of Finance presented for public consultation the draft Law on Securitisation and Covered Bonds creating increased opportunities for financial institutions to attract funds and to finance undertakings, thus contributing to the promotion of long-term national economic growth. This law is the outcome of the...

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2018 07 18
Vilius Šapoka, the Minister of Finance: the capital markets union is beneficial for all countries of the European Union

Today 8 countries of the EU have expressed united position on creation of the single capital markets union. It will contribute to sustainable growth of economics, stability of the financial system and diversity of sources for funding of business within the EU. The statement has been signed by...

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2018 07 09
Vilius Šapoka, the Minister of Finance: Lithuania seeks to become China‘s financial service gateway to Europe

In the meeting of heads of Governments of China and the Central and Eastern European countries 16+1, wherein Lithuania was represented by Vilius Šapoka, the Minister of Finance, it was agreed to establish a financial technologies coordination centre of 16+1 format in Vilnius and to organize high-level...

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2018 07 05
The head of OECD Jose Angel Gurria while presenting economic progress of Lithuania: “May unity flourish“

Today, in the Government, the Prime Minster Saulius Skvernelis, the Minister of Finance Vilius Šapoka and other members of the Government, representatives of institutions and media were presented with the Economic Survey of Lithuania, which was prepared by the Organization for Economic Cooperation and...

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2018 06 28
Moody's assigned the highest grade to Lithuania's Green Bonds

International credit rating agency Moody's Investors Service assigned the grade (GB1 Excellent) to the issue of Green Bonds issued by the Government of the Republic of Lithuania at the end of April. ‘We are among the leading countries that have issued green bonds - the third country in Europe and the seventh country in the world. We have implemented the process...

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2018 06 15
A Message to Financial Market Players in Lithuania: a Level Playing Field in the Supervision and Higher Level of Consumer Protection

Today the proposals to the legislative package initiated by the Ministry of Finance and the Bank of Lithuania, which will allow further strengthening of investors’ interests and consumer protection as well as harmonisation of supervision rules for different financial market...

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2018 06 08
ICO Guidelines – Good News for Startups

Lithuania is among the first EU countries that has developed the detailed guidelines to secure more transparent activities of the initial coin offering (ICO) projects. This will help to attract foreign investments and to create a favorable and more secure environment for fintech and blockchain business in Lithuania. “ICO market has not been  regulated yet. It has huge...

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2018 05 30
Minister of Finance Vilius Šapoka Met with the Leaders of the Central Bank of China

At the China International Fair for Trade in Service (CIFTIS) in Beijing Minister of Finance Vilius Šapoka accompanied by the delegation met the Vice-President of the Central Bank of China, where the Minister presented Lithuania and discussed possibilities for cooperation. During the meeting with the leaders of the Central Bank the...

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2018 05 29
Minister of Finance Vilius Šapoka in Beijing: Let’s Build International Cooperation Bridges in Financial Innovation

Today the statement given by Minister of Finance Vilius Šapoka in the China International Fair for Trade in Service (CIFTIS) has attracted a great deal of attention. The Minister of Finance presented Lithuania and its potential to several thousand people. Mr. Vilius Šapoka participated in the...

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2018 05 25
Visit of Minister of Finance V. Šapoka to Beijing – Opportunities for Cooperation in

On 27 May, Minister of Finance Vilius Šapoka starts the visit to China, where he will participate in the China International Fair for Trade in Service ( CIFTIS ), meet the management of the Ministry of Finance of China and representatives from the financial services sector of China. At the CIFTIS Mr. Vilius Šapoka will present...

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