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...

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...

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...

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....