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2017 12 13
Seimas Adopted Historical Budget for Upcoming Year

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 ...

2017 11 29
At the Largest Fintech Conference – Discussions on Future Technologies

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 Ministry of Finance together with the Bank of Lithuania and association “Tech City Lithuania”. “An ambitious goal to become the Fintech leader in the Baltic-Nordic region has already been globally noticed. When half a year ago at the international conference in Paris we said that we would become Fintech leaders in the region, many shrugged their shoulders. And now we receive questions from the neighbouring countries on how we have succeeded ...

2017 11 22
Independent Payments Council will strengthen dialogue within payments market in search for benefits for users and service providers

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, ...

2017 11 08
Lithuania takes advantage of the low interest rate environment to borrow EUR 550 million at favourable terms

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 ...

2017 11 06
Baltic states to create a pan-Baltic capital market

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]  ...

2017 09 12
At the Meeting with Vice-President of the EIB Alexander Stubb – Attention for Future Cooperation Perspectives

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 ...

2017 08 31
Lithuania Has a Great Potential to Become the Leader of Financial Technologies in the Region

20 Lithuanian companies of financial technologies merged into the association “Fintech Lietuva”, the establishment of which has been encouraged and supported by the Ministry of Finance, Bank of Lithuania and other public authorities. “In my opinion, it is the most important to have not only an idea and direction, but also a plan ...

2017 06 29
Sails – a Symbol of Moving Forward – to the Best EU Funds’ Investment Projects

In Raudondvaris manor the most relevant and attractive projects of the European Union (EU) Funds’ investments in Lithuania were granted “Europos burės 2017 (“European Sails 2017”) awards. Almost 10 thousand people voted for the projects implemented by the EU funds and determined which ones deserve to win – those with the highest value added ...

2017 06 01
For Financial Education of the Public – Concentrated Efforts of Institutions

In order to improve financial literacy of the population, five public authorities have agreed on implementing together the Financial Education Plan for the Public by 2021. The Ministry of Finance, the Ministry of Education and Science, the Bank of Lithuania, the State tax Inspectorate and Sodra acting together will aim at improving the skills of ...

2017 05 19
Lithuania takes advantage of the low interest rate environment to borrow EUR 1.3 billion at favourable terms

Lithuania successfully issued two Eurobonds in the international capital markets today – EUR 750 million 10-year and EUR 550 million 30-year bonds. „Lithuania has borrowed a large amount for a long duration by issuing a dual tranche Eurobond. The decision to borrow for such duration was made taking into ...

2017 05 11
The Fifth Annual International Financial Markets Conference in Vilnius Is Upcoming on May 18th

On 18 May 2017 the Ministry of Finance together with the Lithuanian Financial Markets Institute (LFMI) will host the Fifth Annual International Financial Markets Conference in Vilnius. According to Minister of Finance Vilius Šapoka, it is gratifying to know that so many top-level experts are coming to Lithuania to share their ...

2017 05 04
We Create the Best Environment for Innovations

Lithuania creates the most favourable across the European Union (EU) tax regime for investments in research, commercialisation of inventions, new technologies. Today the tax proposals opening the way for it have been presented by Prime Minister Saulius Skvernelis and Minister of Finance Vilius Šapoka. “I believe that these decisions together with other measures may contribute to ...

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