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2019 03 26
Mr. V. Šapoka and Mr. O. Scholz – About a United Europe and Global Challenges

Minister of Finance of Lithuania Vilius Šapoka and Minister of Finance of Germany Olaf Scholz met in Berlin to discuss the issues of deepening the Economic and Monetary Union, next Multiannual Financial Framework (MFF), tax policy issues, Brexit threats and possibilities, cooperation between Germany and Lithuania. Though the ministers...

2019 03 19
Nine Lithuanian Institutions Join Forces in Fintech Risk Management

Lithuania highly visible on the global Fintech innovation map also becomes a relevant risk management competence centre. By the initiative of Minister of Finance Vilius Šapoka, nine national institutions joined forces for a common goal – to promptly anticipate Fintech potential risks and effectively manage them. On Monday these intentions were endorsed by...

2019 03 13
The Public consultation on the Interim Report of Pan-Baltic Covered Bond Legal and Regulatory framework

The Ministries of Finance of Estonia, Latvia and Lithuania are jointly conducting public consultation on the Interim Report of Introduction of Pan-Baltic Covered Bond Legal and Regulatory framework (The Interim Report). The Interim Report reflects views of experts of the Ministries of Finance of Estonia, Latvia and...

2019 02 01
Lithuania’s FinTech results in 2018: rising potential and world-known market players

Over the year, the number of Lithuania-based FinTech companies and their employees grew by 45%. In addition, by the number of licensed electronic money institutions, Lithuania was in the lead in continental Europe. The results of the FinTech sector in 2018 were presented by the representatives of the Bank of Lithuania, the Ministry of...

2019 01 31
Statement regarding Nordic-Baltic financial crisis simulation, January 2019

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European Union authorities. A staff member of the International...

2018 12 20
More Favourable Conditions for Investment Funds – Better Potential for Business to Attract Investments

Today the Seimas adopted the laws regulating the activities of collective investment undertakings (CIUs) aimed to create more favourable conditions for the activities of the investment funds and to reduce the administrative burden. These changes will contribute to developing more financing alternatives for business...

2018 11 15
Baltic States Seek for a Single Regional Assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed to a global provider of equity indexes MSCI for a possibility of assessing the Baltic states not individually, but as a single region in using an industry classification system. The aim is to start a debate with MSCI for a possibility of improving the equity index of the countries....

2018 10 18
Lithuania Will Have More Business Financing Alternatives

Lithuania creates one of the most favourable conditions in the European Union for the activities of the investment funds. The Government approved draft laws regulating the activities of collective investment undertakings (CIUs) aimed to reduce the administrative burden on investment funds and to create more favourable conditions for their activities, and, therefore – more...

2018 10 01
Minister of Finance V. Šapoka: Only EUR 1 Billion Out of EUR 6 Billion. How to Attract Other Institutional Investors' Money?

Enhancement of business funding diversification, more flexibility in investment in Lithuania and more close cooperation between the government and market players – areas with great potential for investing more assets accumulated by institutional investors in our country. At present, EUR 1...

2018 09 26
A Message to Financial Market Players in Lithuania: More Transparent Environment for Innovative Business Development and Focus on Consumer Protection

To ensure financial transparency of the activities performed by virtual currency exchange operators and depository wallet operators, consumer protection and to strengthen the fight against money laundering and terrorist financing, the Ministry of Finance...

2018 08 29
Promoting Competition on Motor Insurance Market and Protection of Drivers

In order to promote competition on motor insurance market, enhance the protection of policyholders, reduce the accident rate and to improve cooperation between the representatives of the society and business concerned, the Ministry of Finance developed the Plan for Improving the Performance of Motor Third Party Liability Insurance Market that has been...

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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