In Paris, Vice-Minister of Finance J. Kizenevič discussed the Lithuanian Presidency of the EU and the development of financial services
Januš Kizenevič, Vice-Minister of Finance, is visiting Paris from 16 to 19 June for a meeting with the management of the Banque de France to discuss Lithuania's preparations for the EU Presidency, presented the priorities of the Lithuanian Presidency and issues related to the development of financial markets sectors.
"Today, Europe faces major challenges in the areas of security, energy, competitiveness, climate and social security, which require joint solutions from EU countries. Lithuania will hold the Presidency of the Council of the EU during a difficult geopolitical period, and in this context our goal is to ensure that the EU acts in a targeted and determined manner," Vice-Minister J. Kizenevič said.
According to the Vice-Minister, during the Presidency of the Council of the EU, Lithuania will actively contribute to the efforts to increase the competitiveness and resilience of the EU financial sector in a changing geopolitical environment and to achieve greater integration across the European Union.
According to the Vice-Minister, during the Lithuanian Presidency at the ECOFIN Council, four main work streams are envisaged: to ensure continued financial support to Ukraine in line with its budgetary and military needs, to improve the effectiveness of the Savings and Investment Union (SU), to make progress on initiatives related to tax avoidance and to improve the negotiations on the EU budget for the period 2028-2034.
Regarding the financial sector, the Vice-Minister underlined that a good business and financial sector environment is one of the most important priorities of the Lithuanian Government, and Lithuania is a well-known FinTech-friendly jurisdiction, currently ranked 10th in the Global FinTech Index and 1st in the EU in terms of the number of licensed FinTech companies (mostly payments).
Over the last ten years, the number of FinTech companies operating in Lithuania has increased 3 times from 82 to 248.
As the number of licensed FinTech companies grows, we also see a growing number of tech companies providing data analytics, financial software and hardware, BaaS (banking as a service), RegTech, compliance and cybersecurity solutions.
Last updated: 22-06-2026
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