During visit to Poland, Vice-Minister of Finance J. Kizenevič discussed prospects for the development of financial sector of this country in Lithuania
During his visit to Poland, Vice-Minister of Finance Januš Kizenevič met with Undersecretary of State of the Ministry of Finance of Poland Jurand Drop. The meeting focused on mutual cooperation in the financial and capital markets sectors, the situation in the banking sectors of the countries and the EU agenda.
The Vice-Minister also participated in high-level discussions and met with representatives of Polish financial institutions.
“Poland is Lithuania’s largest trading partner, with a direct investment flow of more than EUR 1.6 billion. Naturally, with the expansion of economic relations, the need for stronger and closer cooperation between the financial sectors is also growing,” Vice-Minister Kizenevič states.
Lithuania’s financial sector is one of the most concentrated in the EU, so new market entrants – especially from neighbouring Poland – would mean more competition, better conditions for business, a wider and more flexible choice of financial services for individuals.
According to J. Kizenevič, the growing business interaction between Lithuania and Poland creates preconditions not only for a more active development of the banking sector, but also of the financial technology (Fintech) sector.
In a high-level discussion "Promoting regional prosperity: the strategic role of the financial sector", the Vice-Minister highlighted the growing interest of the Polish financial sector in the Baltic market. According to him, a decision by PKO Bank Polski to enter the Lithuanian market is an important step in strengthening bilateral financial integration. Common priorities were also discussed: development of capital markets, digital financial services, green economy.
Participating together with experts from Poland, Belgium, Turkey and other countries in the discussion "From local strengths to global impact: how to rebuild a strong Europe", the Vice-Minister underlined that the regional partnership could become a response to global competition – the integration of the Baltic, Polish, Nordic and other markets would allow the creation of a common digital finance area in Europe.
"Lithuania is ready to further strengthen Fintech cooperation, share its experience and contribute to Europe's overall leadership in financial innovation", Kizenevič notes.
Last updated: 10-11-2025
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