Successful financial technology (Fintech) in Lithuania, potential US investment opportunities and Lithuania‘s investments lead by cooperation — the issues discussed at a high level meeting yesterday by Minister of Finance  Vilius Šapoka and Governor of the US State of Pennsylvania Tom Wolf.

Lithuania’s long-term rating outlook from stable became positive. It has been upgraded by the international credit ratings agency Moody‘s after the positive assessment of the fiscal policy pursued by the country. Currently, long-term and short-term credit ratings affirmed by the agency (A3 and P-2) remain unchanged. 

DBRS Ratings GmbH (DBRS) upgraded the Republic of Lithuania’s Long-Term Foreign and Local Currency – Issuer Ratings from A (low) to A, and maintained the Stable trend. The A ratings are underpinned by Lithuania’s sound fiscal position and its low public debt ratio. According to DBRS, other credit strengths are as follows: meeting OECD standards and benchmarks, Euro system...

Today, Lithuania borrowed EUR 1.5 bn in the international capital markets by issuing two Eurobond issues of different maturities, the 10-year Eurobond of EUR 650mn face value and 30-year Eurobond of EUR 850 mn face value. The decision to borrow for a long period was made due to the favourable situation in the international financial markets, the...

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...