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...

The Government of the Republic of Lithuania, the first in the Baltic states, intends to issue Government securities – green bonds and to use the generated funds for modernisation of multi-apartment buildings as well as for enhancing energy efficiency. “The main objective of green bonds is financing of green projects. They have to solve the major environmental...

Today the Ministry of Finance submitted for public consultation the draft laws the purpose of which is to improve conditions for the Investment Funds’ activities in Lithuania. “A new package of draft laws has been developed, which will abolish current excess restrictions for the Investment Funds. When drafting...

The heads of relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability. ‘I believe that the memorandum signed by the Baltic and Nordic countries...

Lithuania together with other technology giants joined Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. Project representatives welcomed our country becoming a part of the innovative breakthrough. Lithuania has a good shot in this area, as for the time being there is no one exceptional locality or...

The financial technology sector in Lithuania is growing fast, innovations are not only used, but also created, new companies and jobs are established in the country – this is how the report on the Fintech sector development in Lithuania was presented to the Government. “The year was really incredible – starting with a bold statement that we will become the leaders of...

Poverty reduction, ensuring of national security, promotion of entrepreneurship and productive investments as well as increasing financial self-sufficiency of municipal budgets – ways forward for the growing country viewed by both the Government and the Seimas. Today, 84 members of the Seimas voted for the Law on the Approval of Financial Indicators of the State Budget and...

More than 800 financial market policy makers, academics and business representatives from Lithuania, USA, Sweden and other countries, guests from all over the world and Lithuania will gather at the international Fintech Conference in Vilnius. On 30 November the largest ever event on financial technologies will take place, which is organised by the...

An independent Payments Council, which is to help develop Lithuania’s payments market, commenced work on 21 November this year. During their first meeting, representatives of payment service providers, enterprises and residents, state authorities and the academic community,...

Lithuania reopened two Eurobonds issues of 10 years and 30 years, both issued initially on May, 2017, and issued EUR 350 million and EUR 200 million tranches respectively in the international capital markets today. „This transaction completes our borrowing programme in the international capital markets. We...

Estonia, Latvia and Lithuania have agreed to create a pan-Baltic capital market to strengthen their economies and stimulate investment to create jobs with support of the European Commission (EC) and the EBRD. The Ministers of Finance – Toomas Tõniste for Estonia, Dana Reizniece-Ozola for Latvia and Vilius Šapoka for Lithuania – signed a Memorandum of Understanding (MoU)[RA1] ...

Today, the Minister of Finance had a meeting with recently appointed Vice-President of the European Investment Bank (EIB) Alexander Stubb responsible, among other tasks, for the EIB activities in the Baltic States. During the meeting they discussed the implementation of the Multi-Apartment Building...