Lithuania’s central bank, the Bank of Lithuania, has called on Taiwan’s state-owned Bank of Taiwan (BOT) to provide as diverse banking services in Lithuania as possible, BNS reports. Earlier, business news outlet Verslo Zinios reported that BOT had obtained regulatory approval to open a representative office in Lithuania. Lukas Jakubonis, chief business development officer at…
Taiwan’s largest commercial bank, state-owned Bank of Taiwan, plans to open a representative office in Lithuania, BNS reports, citing business news website Verslo Zinios. The Financial Supervisory Commission of Taiwan has approved the bank’s application to open an office in Lithuania. The Bank of Taiwan said that the office would help expand business operations in…
Members of the Estonia-Taiwan Support Group of the Estonian parliament, the Riigikogu, will visit Taiwan on 4-8 March 2024, ERR reports. The largest ever Estonian delegation to Taiwan, the MPs will meet with Taiwanese President Tsai Ing-wen, parliamentary speaker Han Kuo-yu, Prime Minister Chen Chien-jen, and Foreign Minister Joseph Wu, as well as representatives of…
New players will enter the Lithuanian banking market in 2024, Simonas Krepsta, board member of the Bank of Lithuania, announced, BNS reports. Speaking in an interview with LRT, Krepsta said that Polish banks had contacted Lithuanian regulators and the business community. He noted that the Lithuanian banking sector was “exceptionally profitable.” Earlier, Poland’s Bank Pekao…
The EU has suspended its dispute proceedings at the World Trade Organization (WTO) over China’s trade embargo against Lithuania, Politico reported. A spokesman for the European Commission said that the move was a “procedural step” related to the preparation of written submissions. The case will be closed altogether if the suspension lasts longer than 12…
A delegation of 11 members of the Lithuanian parliament, the Seimas, will visit Taiwan on 20-27 January 2024, BNS reports. Freedom Party MP Vytautas Mitalas said that the Lithuanian delegation would be the first to meet with Taiwan’s newly elected president, William Lai. Mitalas noted that the visit would help bring Lithuania and Taiwan closer. Meanwhile,…
The chairmen of the foreign affairs committees of the Baltic parliaments, Estonia’s Marko Mihkelson, Latvia’s Rihards Kols, and Lithuania’s Zygimantas Pavilionis, praised Taiwan’s presidential and legislative elections held on 13 January 2023, LSM reports. In a joint statement, they said that the elections demonstrated the strength of Taiwan’s “robust democratic system,” saying that the country…
Lithuania’s decision to distance from China and forge closer ties with Taiwan is one of the government’s most influential foreign policy initiatives, LRT reports. The move is part of Lithuania’s “values-based foreign policy,” which touts the country as a “freedom-loving outpost” in an increasingly authoritarian region. At the same time, officials admitted that the move…
Estonia should strengthen cooperation with Taiwan and consider opening a Taiwanese representative office (Taipei Mission) in Tallinn, Marko Mihkelson, chairman of the foreign affairs committee of the Estonian parliament, the Riigikogu, stated, ERR reports. Speaking after a joint visit by the heads of the foreign affairs committees of Baltic parliaments to Taiwan, Mihkelson noted that…