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2021 09 27
At the Meeting of Minister G. Skaistė with OECD Secretary-General M. Cormann – the Issue of International Review of Corporate Income Tax Principles

Today Minister of Finance Gintarė Skaistė had a meeting with Secretary-General of the Organisation for Economic Cooperation and Development (OECD) Mathias Cormann. The meeting focused on the international process on the review of corporate income tax ...

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2021 09 13
Successful Auction: Eurobond Re-opened in the Domestic Market for the First Time

On Monday for the first time Lithuanian investors were offered to tap in an auction a Eurobond that was previously issued in the international markets. The auction was the first step in ensuring the investors have an option to buy more liquid Government securities, whereas Lithuania borrowed at better terms.

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2021 09 10
Minister of Finance G. Skaistė: „Lithuania’s ambition to become the European AML Competence Centre“

In Slovenia Minister of Finance Gintarė Skaistė during the meeting with the Euro Commissioner for Financial Markets Policy Mairead McGuinness noted that Lithuania has the ambition to become the AML competence centre in Europe. According to the Minister, Lithuania supports the European Commission’s proposal to ...

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2021 09 09
Minister G. Skaistė: “In Revising the EU Fiscal Rules it is Important to Ensure Sustainability of Public Finances and to Strengthen Incentives for Growth”

At the Eurofi Financial Forum in Slovenia Minister of Finance Gintarė Skaistė is participating in the discussion on the review of the Stability and Growth Pact (SGP), where she notes the importance of ensuring the sustainability of public ...

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2021 07 08
Lithuania has issued a 30-year Eurobond

Today Lithuania borrowed EUR 750 million in the international capital markets by issuing a 30-year Eurobond. The annual coupon was set at 0.75 per cent. Previously Lithuania had issued Eurobonds of the same maturity in 2017, 2019 and 2020 with annual coupon rates at 2.1 per cent, 1.625 per cent and 0.5 per cent, respectively. ‘This is already the fourth issue of a 30-year maturity, ...

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2021 06 01
Minister of Finance Gintarė Skaistė Urges the World Bank to Suspend Activities in Belarus

Minister of Finance Gintarė Skaistė together with other World Bank Nordic and Baltic Governors participated in the virtual meeting with the President of the World Bank Group David Malpass and in a bilateral meeting with the incoming World Bank Executive Director for the Nordic-Baltic constituency Lene Lind. During the meetings, in ...

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2021 05 21
Minister of Finance G. Skaistė: “Further Development of the Fintech Sector Needs to Be More Focused on Quality Rather Than Quantity”

Today’s meeting of the Advisory Commission on Financial Markets Policy Formation focused on the long-term perspective of the financial technology (fintech) sector and risk management. At the meeting the stress was made that in recent several years Lithuania succeeded ...

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2021 05 17
Anti-money laundering in Lithuania taken to a qualitatively new level

Today, the Centre of Excellence in Anti-Money Laundering starts its activities in Lithuania. Bringing together representatives of both the public and private sectors, it aims to lift anti-money laundering practices implemented in the country to a whole new level. The Centre will be led by Eimantas Vytuvis, a highly experienced lawyer and certified anti-money ...

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2021 05 15
The Government Approves the Revised Draft Budget for 2021

Today, the Government approved the revised draft State budget for 2021 prepared by the Ministry of Finance, where the majority of funds are earmarked for the management of negative coronavirus pandemic effects. The revised draft budget is prepared in order to finance newly emerging and lasting longer than planned needs and measures for reducing the COVID-19 effects. ...

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2021 05 14
The Government Approved the Integrated Plan “New Generation Lithuania”

Today, the Government approved the updated integrated plan “New Generation Lithuania” providing for reforms and investments for the development of Lithuania as a country generating high added value. Minister of Finance Gintarė Skaistė notes that this decision will allow to undertake necessary reforms which the Council of Europe has been talking about ...

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2021 04 16
“New Generation Lithuania” – the Government Plan to Ensure a Breakthrough

Today, Minister of Finance Gintarė Skaistė presenting the integrated draft plan “New Generation Lithuania” prepared by the Government said that the intensively prepared document will ensure the country’s breakthrough towards a more equitable, smarter and high added value generating country. “When yesterday the Government announced good news ...

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2021 04 06
PayRay Bank gets EU-backing to expand access to finance for Lithuanian SMEs

In order to support small and medium sized businesses in Lithuania, who are under strain from the COVID-pandemic, Lithuanian financial intermediary PayRay Bank has signed two guarantee agreements with the European Investment Fund. The two guarantees are made available under the European Guarantee Fund, an initiative of the EIB Group and EU Members ...

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