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...

After a six-year hiatus, Fitch Ratings upgrades Lithuania

Following a favourable assessment of Lithuania's public finance and economic situation, Fitch Ratings, the international credit rating agency, has upgraded Lithuania’s long-term and short-term Foreign-Currency Issuer Default Ratings from A- to A and from F1 to F1+, respectively. The agency's long-term credit rating is stable.

EIB opens regional office to strengthen presence in the Baltics

The European Investment Bank (EIB) Group has today officially inaugurated its regional representative office for the Baltic Region in Vilnius, Lithuania. At the inauguration ceremony in the presence of the Lithuanian Finance Minister Šapoka, the EIB’s President Hoyer and Vice-President Stubb unveiled of a commemorative plaque, officially kicking off the permanent...

Credit Rating Agency DBRS Morningstar Upgrades Lithuania's Credit Rating Outlook To Positive

International credit rating agency DBRS Morningstar has upgraded Lithuania's long-term debt rating outlook from stable to positive. The rating (A) has not yet been changed. DBRS Morningstar grounds its decision on Lithuania’s sound fiscal policy, improved economic resilience and its low debt-to-GDP ratio. According to the...