Vice-Minister Miglė Tuskienė has been invited to join the team of President-elect of the European Commission Ursula von der Leyen. She will be an economic adviser. “I am very pleased and proud of my colleague’s professional achievements and competences, which have not only brought value to our country, but also have...

A unified regulatory framework for covered bonds in the Baltic states is at an advanced stage of development which will offer more opportunities to attract investment. The European Bank for Reconstruction and Development (EBRD) with consultants presented the final report on the development of the Pan-Baltic Covered Bond Framework. On...

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...