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2017 06 29
Sails – a Symbol of Moving Forward – to the Best EU Funds’ Investment Projects

In Raudondvaris manor the most relevant and attractive projects of the European Union (EU) Funds’ investments in Lithuania were granted “Europos burės 2017 (“European Sails 2017”) awards. Almost 10 thousand people voted for the projects implemented by the EU funds and determined which ones deserve to win – those with the highest value added...

2017 06 01
For Financial Education of the Public – Concentrated Efforts of Institutions

In order to improve financial literacy of the population, five public authorities have agreed on implementing together the Financial Education Plan for the Public by 2021. The Ministry of Finance, the Ministry of Education and Science, the Bank of Lithuania, the State tax Inspectorate and Sodra acting together will aim at improving the skills of...

2017 05 19
Lithuania takes advantage of the low interest rate environment to borrow EUR 1.3 billion at favourable terms

Lithuania successfully issued two Eurobonds in the international capital markets today – EUR 750 million 10-year and EUR 550 million 30-year bonds. „Lithuania has borrowed a large amount for a long duration by issuing a dual tranche Eurobond. The decision to borrow for such duration was made taking into...

2017 05 11
The Fifth Annual International Financial Markets Conference in Vilnius Is Upcoming on May 18th

On 18 May 2017 the Ministry of Finance together with the Lithuanian Financial Markets Institute (LFMI) will host the Fifth Annual International Financial Markets Conference in Vilnius. According to Minister of Finance Vilius Šapoka, it is gratifying to know that so many top-level experts are coming to Lithuania to share their...

2017 05 04
We Create the Best Environment for Innovations

Lithuania creates the most favourable across the European Union (EU) tax regime for investments in research, commercialisation of inventions, new technologies. Today the tax proposals opening the way for it have been presented by Prime Minister Saulius Skvernelis and Minister of Finance Vilius Šapoka. “I believe that these decisions together with other measures may contribute to...

2017 05 04
New Established Long-Term Financing Framework Offers More Opportunities for Business

The Ministry of Finance together with the European Bank for Reconstruction and Development (EBRD) implements the project aimed at introduction of the legal and regulatory framework of covered bonds and securitisation in Lithuania. At present the European Union lacks sustainable sources of funding for the economy, therefore, this long-term...

2017 05 03
Financial Market Professionals From All Over the World Will Meet for the Fifth Time in Vilnius

On 18 May 2017 the Ministry of Finance together with the Lithuanian Financial Markets Institute (LFMI) will host the fifth annual International Financial Markets Conference in Vilnius. Political, academic society and financial market leaders will discuss financial market trends and development perspectives, the development of...

2017 04 10
Lithuania’s Message to the World at Global Fintech Conference: “Our Goal – Leadership in the Region”

Today the representatives of the global financial sector, Fintech service providers, representatives of banks, risk and investment funds are gathering to probably the most important and prestigious event of the year – “Innovate Finance Global Summit”. There, Finance Minister of the Republic of Lithuania Vilius...

2017 04 03
The Government Receives Proposals for Developing Fintech

The Ministry of Finance submitted the proposals for the further development of financial technology (fintech) industry in Lithuania to the Government on Monday. The proposals have been prepared by the Inter-institutional Working Group on Fintech Development, which included both state institutions and business community. “We see larger contributions of the Lithuanian...

2017 03 21
Macroeconomic Projections – Wages Will Grow, Unemployment Will Fall

The Ministry of Finance has updated projections of basic macroeconomic indicators for 2017-2020 – economy will grow at a moderate pace as a result of a substantial contribution of the domestic demand and exports, while wage growth will surpass inflation. “For further successful growth of the economy, we must certainly implement the structural reforms. First,...

2017 02 10
Additional Measures for Fintech Development in Lithuania

The representatives from the Ministry of Finance, Bank of Lithuania and other public authorities discussed further measures to foster the development of the financial technology (Fintech) industry in Lithuania. The proposals will shortly be forwarded to the Government. “Lithuania has the potential to be a leading Fintech player in the region. After considering the comments...

2017 01 24
Vilius Šapoka: Proper Implementation of Structural Reforms is Important

On 17 January the European Commission delivered the opinion on the updated budgetary plan of Lithuania for 2017. The European Commission in its opinion states that after application of the social model clause, Lithuania would substantially meet the requirements of the Stability and Growth Pact. “The viewpoint of the European Commission and the Ministry of...

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