The European Investment Bank (EIB) Group has today officially inaugurated its regional representative office for the Baltic Region in Vilnius, Lithuania. At the inauguration ceremony in the presence of the Lithuanian Finance Minister Šapoka, the EIB’s President Hoyer and Vice-President Stubb unveiled of a commemorative plaque, officially kicking off the permanent...

International credit rating agency DBRS Morningstar has upgraded Lithuania's long-term debt rating outlook from stable to positive. The rating (A) has not yet been changed. DBRS Morningstar grounds its decision on Lithuania’s sound fiscal policy, improved economic resilience and its low debt-to-GDP ratio. According to the...

Fintech Inn, the largest financial technology (fintech) conference in the Baltic and Nordic countries, opened in Vilnius; this year it will be a record with over 3,000 participants, representing more than 500 companies from around the world. Organizers of the conference say that these figures show that Lithuania is visible and known on the world map of Fintech, and,...

Lithuania highly visible on the global Fintech map also becomes the 17 + 1 financial technology coordination centre. This was formally confirmed on Wednesday at the 17 + 1 High Level Fintech Forum for the first time taking place in Vilnius and bringing...

Next week, the focus of global Fintech companies, investors and people interested in financial technologies will be targeted on Lithuania – the week from 25 to 28 November is announced to be the Fintech week. During the week the latest Fintech trends will be presented in the largest Nordic and Baltic Financial Technology Conference “Fintech Inn”,...

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...