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==Economy== {{scalable image|Vilnius Modern Skyline At Dusk, Lithuania - Diliff.jpg|650px|alt=Aerial view of the skyline and a bridge|The skyline at dusk, with the [[Vilnius Central Business District]] housing [[List of banks in Lithuania|banks]], financial services and businesses headquarters|tooltip=no}} [[File:Europa Tower in Vilnius, Lithuania.jpg|thumb|upright=0.8|[[Europa Tower]], the [[List of tallest buildings in the Baltic states|tallest building in the Baltics]], is a symbol of modern Vilnius.]] Vilnius is Lithuania's economic centre, with a per-capita GDP in the metropolitan area of almost [[EUR|€]]30,000.<ref>{{cite web |url=https://osp.stat.gov.lt/informaciniai-pranesimai?articleId=10447504 |title=Lietuvos statistikos departamentas |publisher=Department of Statistics to the Government of the Republic of Lithuania |date=2020-12-15}}</ref> The city's budget reached €1.0 billion in 2022.<ref>{{cite web |title=2022 m. Vilniaus miesto biudžetas |url=https://www.lrt.lt/naujienos/verslas/4/1604826/vilniaus-miesto-savivaldybes-taryba-prieme-2022-metu-biudzeta |access-date=5 March 2021 |language=lt-LT |date=22 January 2020}}</ref> In the second quarter of 2024, the average monthly salary in Vilnius was €2,501.1 (gross) and €1,526.2 (net).<ref>{{cite web |date=2 September 2024 |title=Darbo užmokestis regionuose ir savivaldybėse |url=https://osp.stat.gov.lt/informaciniai-pranesimai?articleId=12596411 |access-date=2 September 2024 |language=lt-LT}}</ref> [[File:K29 business centre in Vilnius by Augustas Didzgalvis.jpg|thumb|left|upright=0.8|alt=Aerial view of a modern, oval building|The K29 business centre is the first office in the Baltic states to receive an excellent [[BREEAM]] rating.<ref>{{cite web |title=Biurų pastatui Konstitucijos prospekte suteiktas aukščiausias Baltijos šalyse tvarumo įvertinimas |url=https://www.15min.lt/verslas/naujiena/kvadratinis-metras/nekilnojamasis-turtas/biuru-pastatui-k29-suteiktas-auksciausias-baltijos-salyse-tvarumo-ivertinimas-973-799132 |website=[[15min.lt]] |access-date=31 August 2019 |language=lt}}</ref>]] Lithuania's economic growth has been uneven, with [[Gross domestic product|GDP]] per capita at nearly 110 percent of the EU average in Vilnius but from 42 to 77 percent in other regions. The country's [[Convergence (economics)|convergence]] is fuelled by two regions (Vilnius and [[Kaunas County]]) which produce 42 and 20 percent of the national GDP, respectively. From 2014 to 2016, the Vilnius region grew by 4.6 percent.<ref>{{cite book |title=Country Report Lithuania 2019 |date=27 February 2019 |publisher=European Commission |location=Brussels |page=10 |url=https://ec.europa.eu/info/sites/info/files/file_import/2019-european-semester-country-report-lithuania_en.pdf |access-date=2 July 2019}}</ref> The supply of new housing in Vilnius and its suburbs has reached post-recession highs, and the stock of unsold apartments in Lithuania's three largest cities has begun to increase since the beginning of 2017. Demand for housing is strong, fuelled by rising wages, benign financial conditions and positive expectations. In the first half of 2018, the number of monthly transactions was the highest since its 2007–2008 peak.<ref>{{cite book |title=Country Report Lithuania 2019 |date=27 February 2019 |publisher=European Commission |location=Brussels |page=22 |url=https://ec.europa.eu/info/sites/info/files/file_import/2019-european-semester-country-report-lithuania_en.pdf |access-date=2 July 2019}}</ref> Most [[foreign direct investment]] and productive public investment in Lithuania is concentrated on Vilnius and Kaunas.<ref>{{cite book |title=Country Report Lithuania 2019 |date=27 February 2019 |publisher=European Commission |location=Brussels |page=42 |url=https://ec.europa.eu/info/sites/info/files/file_import/2019-european-semester-country-report-lithuania_en.pdf |access-date=2 July 2019}}</ref> Vilnius Industrial Park, 18.5 kilometres from the city, is intended for commercial and industrial use.<ref>{{cite web |title=Vilnius Industrial Park |url=https://www.investmentpartner.lt/vilnius-industrial-park/ |website=investmentpartner.lt |access-date=31 August 2019}}</ref> ===Science and research=== [[File:Vilnius University M. K. Sarbievijus Courtyard, Vilnius, Lithuania - Diliff.jpg|thumb|alt=An old university courtyard|The Vilnius University Astronomical Observatory]] Vilnius resident [[Tito Livio Burattini]] published ''Misura universale'' in 1675, in which he first suggested the term [[metre]] as a unit of length.<ref>{{cite book |last=Lucendo |first=Jorge |title=Centuries of Inventions: Encyclopedia and History of Inventions |date=23 April 2020 |publisher=Jorge Lucendo |page=246 |url=https://books.google.com/books?id=4l3eDwAAQBAJ&pg=PT246 |access-date=2 August 2021}}</ref> The [[Vilnius University Astronomical Observatory]], established in 1753 at the initiative of [[Thomas Zebrowski]], was one of Europe's first [[observatory|observatories]] and the first in the Polish-Lithuanian Commonwealth.<ref>{{cite web |title=Vilniaus universiteto Astronomijos observatorija |url=https://www.ff.vu.lt/tfai/struktura/vilniaus-universiteto-astronomijos-observatorija |website=ff.vu.lt |access-date=7 March 2021 |language=lt-lt |archive-date=25 September 2021 |archive-url=https://web.archive.org/web/20210925101503/https://www.ff.vu.lt/tfai/struktura/vilniaus-universiteto-astronomijos-observatorija |url-status=dead}}</ref> [[Marcin Odlanicki Poczobutt]] led the reconstruction of the observatory, designed by [[Marcin Knackfus]], from 1770 to 1772. Poczobutt began his [[Observational astronomy|astronomical observations]] in 1773, recording them in the journal ({{langx|fr|Cahiers des observations}}), and created the constellation ''[[Taurus Poniatovii]]''.<ref>{{cite web |title=Martynas Počobutas |url=https://www.vle.lt/straipsnis/martynas-pocobutas/ |website=vle.lt |access-date=7 March 2021 |language=lt}}</ref> [[Jean-Emmanuel Gilibert]] established the [[Botanical Garden of Vilnius University]] in 1781 with over 2,000 plants, and provided the first [[herbarium]]s, collections of stuffed animals and birds, [[Paleobotany|fossil plants]], animal remains, and a collection of [[minerals]] to Vilnius University.,<ref>{{cite web |title=Jean Emmanuel Gilibert |url=https://www.vle.lt/straipsnis/jean-emmanuel-gilibert/ |website=vle.lt |access-date=7 March 2021 |language=lt}}</ref> The observatory published the Russian Empire's first [[exact sciences]] journal, the ''Journal of Mathematical Sciences'' ({{langx|ru|link=no|Вестник математических наук}}), after the Third Partition of Poland.<ref name="Klimka"/> [[File:Scientific centers in Vilnius, Lithuania in 2017.jpg|thumb|left|alt=Aerial view of modern buildings and green space|Scientific centres and university faculties at Sunrise Valley]] Sunrise Valley Science and Technology Park ({{langx|lt|link=no|Saulėtekio slėnio mokslo ir technologijų parkas}}) is a non-profit organization which was founded in 2003. Over 20,000 students study in the Vilnius University and [[Vilnius Gediminas Technical University]] facilities in Sunrise Valley, and 5,000 scientists conduct research in its science centres.<ref>{{cite web |title=About us |url=https://ssmtp.lt/en/about-us/ |website=ssmtp.lt |access-date=25 September 2019}}</ref> The Centre for Physical Sciences and Technology ({{langx|lt|link=no|Fizinių ir technologijos mokslų centras}}, FTMC) is the country's largest scientific research institution, specialising in [[laser]] technology, [[optoelectronics]], [[nuclear physics]], [[organic chemistry]], [[Biotechnology|bio]] and [[nanotechnology]], electrochemical [[materials science]], and [[electronics]]. The centre was created in 2010 with the merger of the institutes of chemistry, physics and semiconductor physics in Vilnius and the Textile institute in Kaunas.<ref>{{cite web |title=About us |url=https://www.ftmc.lt/about-us-2 |website=ftmc.lt |access-date=25 September 2019}}</ref> With 250 laboratories (24 open to the public), it can accommodate over 700 researchers and students.<ref>{{cite web |title="Open House Vilnius" open architecture weekend |url=https://www.ftmc.lt/news/497/139/Open-House-Vilnius-open-architecture-weekend |website=ftmc.lt |access-date=25 September 2019}}</ref> The centre has a [[Doctor of Philosophy|PhD program]] and hosts annual conferences of PhD students and young researchers.<ref>{{cite web |title=FTMC announces an annual Conference |url=https://www.ftmc.lt/news/300/139/FTMC-announces-an-annual-Conference-FizTech-2018 |website=ftmc.lt – FizTech 2018 |access-date=25 September 2019}}</ref> FTMC is the founder and sole shareholder of the Science and Technology Park of Institute of Physics in Savanorių Avenue, which assists companies with [[research and development]].<ref>{{cite web |title=Research center |url=http://www.fimtp.lt/en/research-center/ |website=fimtp.lt |access-date=25 September 2019}}</ref> Vilnius University's Laser Research Centre ({{langx|lt|link=no|Vilniaus universiteto Lazerinių tyrimų centras}}) is one of five departments in the university's Faculty of Physics, which prepares physicists, laser physicists and laser-technology specialists. The department conducts research in [[laser physics]], [[nonlinear optics]], optical-component characterization, [[biophotonics]] and laser [[microtechnology]].<ref>{{cite web |title=About |url=https://www.ff.vu.lt/en/lrc/about |website=lasercenter.vu.lt}}</ref> Lithuania has over 50 percent of the world's market share in [[ultrashort pulse]]s lasers produced by Vilnius-based companies.<ref name="laser">{{cite web |title=Lietuviai pagamino vieną galingiausių lazerių pasaulyje |url=https://www.delfi.lt/mokslas/technologijos/lietuviai-pagamino-viena-galingiausiu-lazeriu-pasaulyje.d?id=81361994 |website=[[DELFI]] |access-date=26 September 2019}}</ref> A laser system was produced in 2019 for the [[Extreme Light Infrastructure]] laboratory in [[Szeged]] which produces high-intensity, ultra-short pulses with a peak power up to 1,000 times that of the most powerful [[nuclear power plant]] in the United States.<ref name="laser" /> [[Corning Inc.]] bought a glass-cutting licence from the Vilnius-based laser company Altechna and for manufacturing [[Gorilla Glass]].<ref>{{cite web |title=Lithuanian R&D company signs major deal with US market leader |url=https://investlithuania.com/news/lithuanian-rd-company-signs-major-deal-with-us-market-leader/ |website=investlithuania.com |access-date=5 October 2019}}</ref> [[File:VSiksnys.jpg|thumb|upright=0.9|alt=A smiling, bespectacled man speaking into a microphone|Virginijus Šikšnys is a biochemist at Vilnius University.]] The Vilnius University Life Sciences Centre ({{langx|lt|link=no|Vilniaus universiteto Gyvybės mokslų centras}}) is a scientific research centre which consists of three institutes: the Institute of Biochemistry, Institute of Biosciences, and Institute of Biotechnology. The centre was opened in 2016 and has 800 students, 120 PhD students, 200 teaching staff, and open-access scientific laboratories with advanced equipment.<ref>{{cite web |title=About Us |url=https://www.gmc.vu.lt/en/about/about-us |access-date=25 September 2019 |website=gmc.vu.lt |language=lt}}</ref> It has a technology [[business incubator]] for small and medium businesses in the life sciences or related fields.<ref>{{cite web |title=Technologinis verslo inkubatorius |url=https://www.gmc.vu.lt/apie-gmc/technologinis-verslo-inkubatorius |website=gmc.vu.lt |access-date=25 September 2019 |language=lt |archive-date=3 August 2020 |archive-url=https://web.archive.org/web/20200803183048/https://www.gmc.vu.lt/apie-gmc/technologinis-verslo-inkubatorius |url-status=dead}}</ref> Vilnius Gediminas Technical University has three research centres at Sunrise Valley: the Civil Engineering Research Centre, Technology Centre for Building Information and Digital Modelling, and Competence Centre of Intermodal Transport and Logistics.<ref>{{cite web |title=Research Centres |url=https://www.vgtu.lt/research-and-innovation/research-departments/research-centres/4326 |website=vgtu.lt |access-date=25 September 2019}}</ref> The Lithuanian Centre for Social Sciences ({{langx|lt|link=no|Lietuvos socialinių mokslų centras}}), which cooperates with the Lithuanian government, produces and disseminates scientific information in the fields of economics, sociology and law to implement public policy.<ref>{{cite web |title=About LCSS |url=https://lcss.lt/en/apie-lsmc/ |access-date=2 October 2019 |website=lstc.lt}}</ref> Santara Valley ({{langx|lt|link=no|Santaros slėnis}}) is a science and research facility which focuses on [[medicine]], [[biopharmaceutical]] and [[bioinformatics]].<ref>{{cite web |title=R&D areas |url=http://santarosslenis.eu/en/main/r-d-areas/ |website=santarosslenis.eu |access-date=5 October 2019}}</ref> The [[Vilnius University Faculty of Medicine]] Science Centre was scheduled for completion in Santara Valley in 2021.<ref>{{cite web |title="Santaros" slėnyje duris atvers VU Medicinos fakulteto mokslo centras |url=http://naujienos.vu.lt/santaros-slenyje-duris-atvers-vu-medicinos-fakulteto-mokslo-centras/ |website=naujienos.vu.lt |access-date=5 October 2019}}</ref> Vilnius University rector [[Jonas Kubilius]], known for [[probabilistic number theory]], the [[Kubilius model]], the Theorem of Kubilius and [[Turán–Kubilius inequality]], successfully resisted attempts to Russify Vilnius University.<ref>{{cite web |title=Iš Vilniaus universiteto istorijos, 1955–1990 |date=5 November 1995 |pages=1–2 |url=http://www.draugas.org/archive/1994_reg/1994-11-05-PRIEDAS-DRAUGAS-i5-8.pdf}}</ref> Vilnius' [[Marija Gimbutas]] was the first to formulate the [[Kurgan hypothesis]]. In 1963, [[Vytautas Straižys]] and his colleagues created the [[Vilnius photometric system]] used in [[astronomy]].<ref>{{cite web |title=Vilniaus astrofotometrinė sistema |url=https://www.vle.lt/Straipsnis/Vilniaus-astrofotometrine-sistema-116607 |website=vle.lt |access-date=26 October 2019}}</ref> [[Kavli Prize]] laureate [[Virginijus Šikšnys]] invented [[CRISPR]]-[[Cas9]] [[gene]]tic editing.<ref>{{cite journal |first=Giorgia |last=Guglielmi |date=31 May 2015 |journal=Nature |volume=558 |issue=7708 |pages=17–18 |title=Million-dollar Kavli prize recognizes scientist scooped on CRISPR |doi=10.1038/d41586-018-05308-5 |pmid=29872189 |doi-access=free}}</ref> ===Information technology=== [[File:Green Hall Complex in Vilnius by Augustas Didžgalvis.jpg|thumb|alt=Aerial view of modern buildings|The Green Hall business complex in [[Žvėrynas]], which houses IT companies and Europe's first international Blockchain Centre]] Vilnius is attractive for foreign companies because of its qualified employees and good infrastructure.<ref>{{cite web |title=Kaip informacinės technologijos keičia Lietuvą |url=https://www.lrytas.lt/it/ismanyk/2018/10/25/news/kaip-informacines-technologijos-keicia-lietuva-8013456/ |website=[[lrytas.lt]] |access-date=24 September 2019 |language=lt |date=25 October 2018}}</ref> Several schools are preparing skilled specialists, including the [[Vilnius University Faculty of Mathematics and Informatics]] and [[Vilnius Gediminas Technical University Faculty of Fundamental Sciences]].<ref>{{cite web |title=Faculty of Mathematics and Informatics |url=http://mif.vu.lt/lt3/en/ |website=mif.vu.lt |access-date=24 September 2019}}</ref><ref>{{cite web |title=Faculty of Fundamental Sciences |url=https://www.vgtu.lt/fundamental-sciences/6593?lang=2 |website=vgtu.lt |access-date=24 September 2019}}</ref> [[Information technology]] jobs are well-paid.<ref>{{cite web |title=Didžiausi atlyginimai Lietuvoje: pirmoje vietoje – nesuvokiama suma |url=https://www.tv3.lt/naujiena/verslas/1010499/didziausi-atlyginimai-lietuvoje-pirmoje-vietoje-nesuvokiama-suma |website=tv3.lt |access-date=24 September 2019}}</ref> The 2018 output of the Lituanian IT sector was {{Euro|2.296}} billion, much of which was created in Vilnius.<ref>{{cite book |title=Information technologies in Lithuania |publisher=[[Department of Statistics (Lithuania)]] |location=Vilnius |page=8 |edition=2018 |url=https://osp.stat.gov.lt/services-portlet/pub-edition-file?id=32060}}</ref> Vilnius Tech Park in Sapieha Park, the largest IT [[startup]] hub in the Baltic and [[Nordic countries]], unites international startups, technology companies, accelerators, and incubators.<ref>{{cite web |title=About |url=https://vilniustechpark.com/about/ |website=vilniustechpark.lt |access-date=24 September 2019}}</ref> ''[[fDi Intelligence]]'' ranked Vilnius number one city on its 2019 Tech Start-up FDI Attraction Index.<ref>{{cite web |last=Irwin-Hunt |first=Alex |title=Tech Start-up FDI Attraction Index 2019 |url=https://www.fdiintelligence.com/Locations/Asia-Pacific/Singapore/Tech-Start-up-FDI-Attraction-Index-2019 |website=fdiintelligence.com |access-date=21 October 2019 |archive-date=21 October 2019 |archive-url=https://web.archive.org/web/20191021152643/https://www.fdiintelligence.com/Locations/Asia-Pacific/Singapore/Tech-Start-up-FDI-Attraction-Index-2019 |url-status=dead}}</ref> Vilnius had the world's fastest internet speed in 2011<ref>{{cite web |title=Vilniuje internetas greičiausias pasaulyje |url=https://www.delfi.lt/mokslas/technologijos/vilniuje-internetas-greiciausias-pasaulyje-kaunas-ketvirtas.d?id=52441535 |website=[[DELFI]] |access-date=24 September 2019}}</ref> and, despite its fall in the rankings, remains one of the world's fastest.<ref>{{cite web |title=Monthly comparisons of internet speeds from around the world |url=https://www.speedtest.net/global-index |website=speedtest.net |access-date=24 September 2019}}</ref> [[Vilnius Airport]] has one of Europe's fastest airport [[Wi-Fi]] speeds.<ref>{{cite web |title=Vilniaus oro uosto internetas – vienas greičiausių Europoje |url=https://investlithuania.com/lt/naujienos/vilniaus-oro-uosto-internetas-vienas-greiciausiu-europoje/ |website=investlithuania.com |access-date=24 September 2019 |language=lt-LT}}</ref> The [[National Cyber Security Centre of Lithuania]] was established in Vilnius to address internet attacks on Lithuanian government organizations.<ref>{{cite web |title=Veiklą pradeda Nacionalinis kibernetinio saugumo centras |url=https://www.delfi.lt/news/daily/lithuania/veikla-pradeda-nacionalinis-kibernetinio-saugumo-centras.d?id=66799894 |website=[[DELFI]] |access-date=24 September 2019}}</ref> [[:lt:Bebras (konkursas)|Bebras]], an international informatics and IT contest, has been held annually for pupils in grades three through 12 since 2004.<ref>{{cite web |title=Apie Bebrą |url=http://bebras.lt/1s/apie-bebra/ |website=bebras.lt |access-date=24 September 2019}}</ref> Since 2017, [[computer programming]] is taught in primary schools.<ref>{{cite web |title=Lietuvos mokyklose – pirmoji nuo pradinių klasių programuoti mokančių vaikų karta |url=https://www.delfi.lt/mokslas/technologijos/lietuvos-mokyklose-pirmoji-nuo-pradiniu-klasiu-programuoti-mokanciu-vaiku-karta.d?id=76287367 |website=[[DELFI]] |access-date=24 September 2019}}</ref> Vilnius is a popular [[fintech]] hub due to Lithuania's flexible [[e-money]] licence regulations.<ref>{{cite web |title=Lithuania sees flood of fintech firms apply for licences ahead of Brexit |url=https://www.reuters.com/article/uk-lithuania-fintech/lithuania-sees-flood-of-fintech-firms-apply-for-licences-ahead-of-brexit-idUSKCN1PX15X |website=[[Reuters]] |access-date=5 October 2019 |date=8 February 2019}}</ref> The Bank of Lithuania granted an e-money licence in 2018 to Vilnius-based Google Payment Lithuania.<ref>{{cite web |title=Google grupės įmonei Lietuvoje suteikta elektroninių pinigų įstaigos licencija |url=https://www.lb.lt/lt/naujienos/google-grupes-imonei-lietuvoje-suteikta-elektroniniu-pinigu-istaigos-licencija |website=lb.lt |access-date=22 October 2019 |language=lt}}</ref> The startup [[Revolut]] also has an e-money licence and headquarters in Vilnius, and began moving its clients to the Lithuanian company Revolut Payments in 2019.<ref>{{cite web |title="Revolut" nesikrausto – klientus perkelia į lietuvišką įmonę |url=https://www.15min.lt/verslas/naujiena/bendroves/revolut-nesikrausto-klientus-perkelia-i-lietuviska-imone-663-1220510 |website=[[15min.lt]] |access-date=22 October 2019 |language=lt}}</ref> On 23 January 2019, Europe's first international blockchain centre opened in Vilnius.<ref>{{cite web |last=Zalanskaite |first=Agne |title=Europe's First International Blockchain Centre Launches in Vilnius |url=https://bcgateway.eu/europes-first-international-blockchain-centre-launches-vilnius/ |website=bcgateway.eu |access-date=5 October 2019 |date=8 February 2018 |archive-date=5 October 2019 |archive-url=https://web.archive.org/web/20191005155354/https://bcgateway.eu/europes-first-international-blockchain-centre-launches-vilnius/ |url-status=dead}}</ref> ===Finance and banking=== [[File:LB by Augustas Didzgalvis.jpg|thumb|alt=Aerial view of an old, square building with trees in front|[[Bank of Lithuania]] headquarters in [[Gediminas Avenue]]]] Vilnius is Lithuania's financial centre. The [[Ministry of Finance (Lithuania)|Ministry of Finance]] in Vilnius is responsible for an effective public financial policy to ensure the country's economic growth.<ref>{{cite web |title=Competence Areas |url=http://finmin.lrv.lt/en/competence-areas |website=finmin.lrv.lt |access-date=31 August 2019 |language=lt}}</ref> The [[Bank of Lithuania]] fosters a reliable financial system and ensures sustainable economic growth.<ref>{{cite web |title=Mission, vision, values |url=https://www.lb.lt/en/mission-vision-values |website=lb.lt |access-date=31 August 2019}}</ref> The [[Nasdaq Vilnius]] stock exchange is in the K29 business centre.<ref>{{cite web |title=Nasdaq Vilnius |url=https://nasdaqbaltic.com/en/about-us/nasdaq-vilnius/ |website=nasdaqbaltic.com |access-date=31 August 2019 |archive-date=16 July 2019 |archive-url=https://web.archive.org/web/20190716221115/https://nasdaqbaltic.com/en/about-us/nasdaq-vilnius/history/ |url-status=dead}}</ref> <!-- Commented out irrelevant image [[File:Baltasis tiltas, Vilnius - 52575844262.jpg|thumb|alt=|Šnipiškės hosts Lithuania's main commercial-bank headquarters]] --> The [[National Audit Office of Lithuania]] ({{langx|lt|link=no|Lietuvos Respublikos valstybės kontrolė}}) helps the government manage public funds and property,<ref>{{cite web |title=Vision Mission and Strategic Goal, Values |url=https://www.vkontrole.lt/page_en.aspx?id=238 |website=vkontrole.lt |access-date=31 August 2019 |archive-date=31 August 2019 |archive-url=https://web.archive.org/web/20190831204651/https://www.vkontrole.lt/page_en.aspx%3Fid%3D238 |url-status=dead}}</ref> and the [[State Tax Inspectorate]] ({{langx|lt|link=no|Valstybinė mokesčių inspekcija}}) is responsible for collecting and refunding [[Taxation in Lithuania|taxes]].<ref>{{cite web |title=Public services |url=https://www.vmi.lt/cms/en/viesosios-ir-arba-administracines-paslaugos |website=vmi.lt |access-date=31 August 2019 |archive-date=31 August 2019 |archive-url=https://web.archive.org/web/20190831204651/https://www.vmi.lt/cms/en/viesosios-ir-arba-administracines-paslaugos |url-status=dead}}</ref> In 2023, 13 [[List of banks in Lithuania|banks]] held a bank or specialised-bank licence; six banks are foreign-bank branches. Most of the Lithuanian financial system consists of capital banks of Nordic countries.<ref>{{cite web |title=Lietuvos bankas: kaistanti NT rinka ir priklausomybė nuo Šiaurės šalių bankų kelia riziką |url=https://www.lrt.lt/naujienos/verslas/4/1068927/lietuvos-bankas-kaistanti-nt-rinka-ir-priklausomybe-nuo-siaures-saliu-banku-kelia-rizika |website=lrt.lt |access-date=31 August 2019 |language=lt |date=13 June 2019}}</ref> The two largest banks registered in Lithuania ([[SEB bankas]] and Swedbank) are supervised by the [[European Central Bank]] and the Bank of Lithuania.<ref>{{cite web |title=Banks |url=https://www.lb.lt/en/fs-banks |website=lb.lt |access-date=31 August 2019 |archive-date=18 November 2020 |archive-url=https://web.archive.org/web/20201118233457/https://www.lb.lt/en/fs-banks |url-status=dead}}</ref>
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