Lithuania’s Ministry of Finance announced that the finance ministers of Lithuania, Latvia and Estonia have signed a joint statement to the European Bank for Reconstruction and Development (EBRD) on strengthening a pan-Baltic capital market, including an intention to renew the 2017 Memorandum of Understanding underpinning the initiative. The statement sets out priority areas for further work, including measures to encourage more companies to raise capital through Baltic trading venues, including through traditional and dual listings, and exploring ways to improve interaction with other securities depositories. It also highlights steps to increase participation by institutional investors, broaden the range of financial instruments and investment opportunities available to investors, and pursue legal convergence by identifying legal divergences that hamper cross-border investment. The ministers additionally point to financial education and investor confidence, including the possible establishment of a fiduciary institution alongside measures to ensure investor rights in bond issues and improve market transparency. A renewed Memorandum of Understanding is expected to be signed by the Baltic states on 5–7 June 2026 during the EBRD Annual Meeting in Riga.

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