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2017 05 04
New Established Long-Term Financing Framework Offers More Opportunities for Business

The Ministry of Finance together with the European Bank for Reconstruction and Development (EBRD) implements the project aimed at introduction of the legal and regulatory framework of covered bonds and securitisation in Lithuania. At present the European Union lacks sustainable sources of funding for the economy, therefore, this long-term...

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2017 05 03
Financial Market Professionals From All Over the World Will Meet for the Fifth Time in Vilnius

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. Political, academic society and financial market leaders will discuss financial market trends and development perspectives, the development of...

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2017 04 10
Lithuania’s Message to the World at Global Fintech Conference: “Our Goal – Leadership in the Region”

Today the representatives of the global financial sector, Fintech service providers, representatives of banks, risk and investment funds are gathering to probably the most important and prestigious event of the year – “Innovate Finance Global Summit”. There, Finance Minister of the Republic of Lithuania Vilius...

2017 04 03
The Government Receives Proposals for Developing Fintech

The Ministry of Finance submitted the proposals for the further development of financial technology (fintech) industry in Lithuania to the Government on Monday. The proposals have been prepared by the Inter-institutional Working Group on Fintech Development, which included both state institutions and business community. “We see larger contributions of the Lithuanian financial market towards the economic growth as a goal. Favourable conditions for the development of financial technologies are one of the measures. The innovations created by the companies in fintech become services which will be of vital importance for business development and competitiveness. Lithuania goes hand in hand with Fintech industry. It is important not to stop now. We should properly exploit the opportunities at hand”, said...

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2017 03 21
Macroeconomic Projections – Wages Will Grow, Unemployment Will Fall

The Ministry of Finance has updated projections of basic macroeconomic indicators for 2017-2020 – economy will grow at a moderate pace as a result of a substantial contribution of the domestic demand and exports, while wage growth will surpass inflation. “For further successful growth of the economy, we must certainly implement the structural reforms. First,...

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2017 02 10
Additional Measures for Fintech Development in Lithuania

The representatives from the Ministry of Finance, Bank of Lithuania and other public authorities discussed further measures to foster the development of the financial technology (Fintech) industry in Lithuania. The proposals will shortly be forwarded to the Government. “Lithuania has the potential to be a leading Fintech player in the region. After considering the comments...

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2017 01 24
Vilius Šapoka: Proper Implementation of Structural Reforms is Important

On 17 January the European Commission delivered the opinion on the updated budgetary plan of Lithuania for 2017. The European Commission in its opinion states that after application of the social model clause, Lithuania would substantially meet the requirements of the Stability and Growth Pact. “The viewpoint of the European Commission and the Ministry of...

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