In Government – proposals of the Ministry of Finance to increase the attractiveness of Lithuania for investment

More Effective Insolvency Procedures and Less Creditor Losses Due to a Business Failure – Corporate Insolvency Bill, which the Department of Finance has submitted to the government today # 39; hui.

"The amendments seek to reorganize the insolvency system in accordance with the best international standards and consolidate the insolvency system that meets the needs of a modern enterprise." Finance Minister Vilius Šapoka [19659003] aims to create the most favorable conditions for companies to maintain and develop their activities, repay their debts, restore their solvency and contribute to the solvency of their companies. will have a significant impact on the insolvency rating of the Doing Business Survey conducted by the World Bank, thereby improving Lithuania's overall position relative to other World Bank countries. valued and increase the attractiveness of Lithuania for investment

Information from the Ministry of Finance