On Wednesday, the Government approved draft amendments to the Law on Securities and related laws aimed to develop the national capital market, to offer better opportunities for small and medium-sized enterprises to raise funds for the implementation of projects and to enhance Lithuania’s competitiveness in the European Union. The amendments to...

Lithuania takes hold as a leader in the Baltic Sea region in developing sustainable (green) finances. Our country is the first country which together with the European Commission and European Bank for Reconstruction and Development (EBRD) launches the project of sustainable finances which will offer more opportunities for financial institutions to...

How Brexit will change the European financial services markets, how to promote funding of sustainable development projects, under on-going discussions on climate change, how to exploit Lithuania’s leadership in Fintech area and to become the most attractive location for Wealthtech companies – these main topics will be discussed at the 7th International...

On Thursday, Minister of Finance Vilius Šapoka during his visit to Sarajevo had a meeting with Governor of the Council of Europe Development Bank (CEB) Rolf Wenzel and discussed the results of the successful collaboration between Lithuania and CEB as well as future perspectives. Since 1996 when Lithuania...

On Wednesday, Minister of Finance Vilius Šapoka attending the annual meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) in Sarajevo (Bosnia and Herzegovina) has been elected as Vice-Chairman of the Board of Governors out of the representatives of more than 60 countries....

At the annual meeting of the Council of Governors of the European Bank for Reconstruction and Development (EBRD) in Sarajevo (Bosnia and Herzegovina) Minister of Finance Vilius Šapoka had a meeting with EBRD President Suma Chakrabarti. Last year EBRD invested in Lithuania a record amount of funds – EUR 141 million. Since 1992, in total, the Bank...

On Monday, Minister of Finance Vilius Šapoka attended the European Business Summit in Brussels where discussed about the vision for the future of the EU and its priorities with the Danish Minister of Finance Kristian Jensen. The discussion focused on topics such as the EU future priorities, including the deepening of the...

On Wednesday, Minister of Finance Vilius Šapoka attended the European Covered Bonds Council (ECBC) meeting in Riga, where the investors, regulators and banks were presented the Baltic States Initiative – the development of a pan-Baltic framework for covered bonds. This is the biggest event with regard to covered bonds in Europe which takes place for the first time...

The Ministry of Finance of the Republic of Lithuania has joined the Advisory Council of the Energy Efficient Mortgages Pilot Scheme. The Advisory Council, currently composed of eleven national, European and International institutions, plays a key role in promoting and facilitating...

Minister of Finance Vilius Šapoka together with the delegation in Hague met Minister of Finance of the Kingdom of the Netherlands Wopke Hoekstra as well as the Members of the Financial Committee of the Parliament of the Netherlands. The issues...

Minister of Finance of Lithuania Vilius Šapoka and Minister of Finance of Germany Olaf Scholz met in Berlin to discuss the issues of deepening the Economic and Monetary Union, next Multiannual Financial Framework (MFF), tax policy issues, Brexit threats and possibilities, cooperation between Germany and Lithuania. Though the ministers...

Lithuania highly visible on the global Fintech innovation map also becomes a relevant risk management competence centre. By the initiative of Minister of Finance Vilius Šapoka, nine national institutions joined forces for a common goal – to promptly anticipate Fintech potential risks and effectively manage them. On Monday these intentions were endorsed by...