Today the proposals to the legislative package initiated by the Ministry of Finance and the Bank of Lithuania, which will allow further strengthening of investors’ interests and consumer protection as well as harmonisation of supervision rules for different financial market...

Lithuania is among the first EU countries that has developed the detailed guidelines to secure more transparent activities of the initial coin offering (ICO) projects. This will help to attract foreign investments and to create a favorable and more secure environment for fintech and blockchain business in Lithuania. “ICO market has not been  regulated yet. It has huge...

At the China International Fair for Trade in Service (CIFTIS) in Beijing Minister of Finance Vilius Šapoka accompanied by the delegation met the Vice-President of the Central Bank of China, where the Minister presented Lithuania and discussed possibilities for cooperation. During the meeting with the leaders of the Central Bank the...

Today the statement given by Minister of Finance Vilius Šapoka in the China International Fair for Trade in Service (CIFTIS) has attracted a great deal of attention. The Minister of Finance presented Lithuania and its potential to several thousand people. Mr. Vilius Šapoka participated in the...

On 27 May, Minister of Finance Vilius Šapoka starts the visit to China, where he will participate in the China International Fair for Trade in Service ( CIFTIS ), meet the management of the Ministry of Finance of China and representatives from the financial services sector of China. At the CIFTIS Mr. Vilius Šapoka will present...

Today, at the annual summit of the European Bank for Reconstruction and Development (hereinafter – EBRD) Lithuania was awarded a gold medal in environmental and social innovation for the project for renovation of multi-apartment buildings. “At the annual summit of business leaders the name of Lithuania has been mentioned for many times. It is good to take a pride in the achievements of our country....

World’s first security ICO platform DESICO aims to create a safe and legally regulated environment in order to develop global financial and blockchain technologies, this is in line with Lithuania's ambition to become the most progressive fintech center. An ICO is becoming an increasingly popular way to...

In the 6th International Financial Markets Conference “Expanding Market-Based Finance for Economic Growth” financial and business experts will discuss the developments in financial markets, impact of financial technologies on capital markets, green finance perspectives and other issues. The Conference...

The Government of the Republic of Lithuania has issued a green bond issue, which is listed on the Nasdaq Baltic Debt Securities List. This is the first issue of Government securities issued by the Baltic States, which raised funds to be used to implement green projects, i.e. the modernization of multi-apartment buildings and increase of energy efficiency. ‘We are...

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...

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,...

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...