Increased Protection of Insurance Service Customers

The Seimas adopted the new recast Law on Insurance. The law aims at supplying honest, fair and professional services by insurance distributors to insurance service customers under optimum conditions and serving their interests. A consumer will be granted a possibility of getting more comprehensible information and consultations of a better quality. “We are seeking to improve...

Promoted More Innovative and Safer Financial Services

The Seimas adopted the package of the Law on Payments and related draft laws. They aim at promoting innovation in the payments area, competition of the payments market, Fintech development, as well as enhancing the payment security and strengthening the protection of payment service users. “The amendments aim at exploiting possibilities of financial innovations,...

Lithuania Will Issue Green Bonds

The Government supported the decision on granting a loan to the Public Investment Development Agency (hereinafter - VIPA) by issuing Government securities – green bonds. The generated funds will be invested in modernisation of multi-apartment buildings as well as in enhancing energy efficiency. The Government of the Republic of Lithuania will be the first public authority issuing green bonds in the...

Green Bonds for Modernisation of Multi-Apartment Buildings

The Government of the Republic of Lithuania, the first in the Baltic states, intends to issue Government securities – green bonds and to use the generated funds for modernisation of multi-apartment buildings as well as for enhancing energy efficiency. “The main objective of green bonds is financing of green projects. They have to solve the major environmental...