Michel Barnier
Foreign affairs

EU Brexit negotiator Barnier to meet with Lithuanian leaders

The European Union‘s top Brexit negotiator Michel Barnier is starting his visit to Lithuania on Wednesday and is scheduled to meet with Lithuanian leaders. […]


Lithuania made a triple jump into becoming the European FinTech centre

The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 12. According the information, announced by the Bank of Lithuania on 29th January 2017, about 100 companies are on consultations about licencing opportunities in Lithuania and 19 are now under review. So what factors influenced such growth and interest in FinTech licensing in Lithuania? […]

Banksy painting Brexit

Lithuania – new destination for UK financial institutions loosing “passporting rights” after BREXIT

As it is almost clear that that UK banks, investment managers, payment service providers and other financial institutions will lose their “passporting rights” to do business in the European Union, Lithuania competes in attracting international financial companies leaving the UK. The Northern country uses the opportunity to become the forefront of financial technologies in the region and there are many reasons to believe about this success. An attractive legal and technological environment, business minded and advanced supervisory authority open to financial market innovations, qualified and competitive workforce, opportunities to operate across the EU basing from Lithuania – that‘s what put Lithuania to one of the best places on the global FinTech map already now. […]