Nordic-Baltic Ministers, Governors of the Nordic Investment Bank (NIB), have today invited the Bank to take swift action to help alleviate the effects from the corona crisis

The Governors urge the Bank to increase lending to the maximum level to businesses in the region affected by the crisis. In this way, the Bank can support stabilization of the economy in the Nordic-Baltic countries.

EUR 5 billion for public health and the national economy

Ambitious, showing solidarity, effective and therefore significant: this is a plan that today the Ministry of Finance has submitted to the Government together with the Ministry of Social Security and Labour, the Ministry of Economy and Innovation, the Ministry of Health, and the Bank of Lithuania. It is planned that 10% of the country’s gross domestic product (GDP) will be...

Recommendation - prepare for the Ignitis Group IPO

Today, the Working Group which was set up by the Ministry of Finance to assess Ignitis Group long-term financing alternatives, provided a recommendation to prepare for the Company’s initial public offering (IPO). The Working group provides its recommendation confirming that the Company will need 5-6 billion EUR during the period of 2020–2030 in order to achieve the goals...

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...