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...

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...

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...

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...