President of the Republic of Lithuania

The President invited London’s financial companies to expand business in Lithuania

2019-12-03

President Gitanas Nausėda arrived on a working visit to London for NATO’s 70th anniversary summit to be held on December 4.

On the eve of the gathering, December 3, the President visited the London business center where he met with Catherine McGuinness, Chair of the Policy and Resources Committee at the City of London Corporation, other corporate officials and members of the financial community. Gitanas Nausėda took part in a round table with management teams from large companies working in finance and financial technologies.

Taking part in the round table discussion were members of the City of London Corporation, representatives of the London Stock Exchange Group, UK Finance and Innovative Finance, as well as high executive officers from Citigroup, Credit Suisse, HSBC, JP Morgan, KPMG, Moody’s, Revolut, SEB, and Standard Chartered. 

The President spoke about Brexit’s possible impact on the economy and the future relationship between the United Kingdom and the European Union. He underlined that Lithuania would support close UK-EU political, defense and economic ties even after Brexit. The President said that he stood for sustainable cooperation between Britain and EU member states as well as for new opportunities of collaboration and partnership.

Gitanas Nausėda presented new developments in Lithuania’s digital economy, its favorable business ecosystem and good business opportunities. “Lithuania has become a leading hub for financial technologies in Europe. We are highly advanced in cyber security. We have much to offer to the British market,” the President said and invited companies and associations to develop business in Lithuania.

Special focus was placed on the capital markets union. The participants expressed their support for this initiative, especially for advancing innovation and digital technologies in finances. Among the other issues discussed were green finance tendencies and Lithuania’s achievements in green investment and attracting foreign funding for the deployment of renewable energy sources.

The President‘s Communication Group

Last updated 2019.12.03 14:50

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