Lithuania's Ministry of Finance reported that Vice-Minister Januš Kizenevic, during a visit to Austria, met Austrian Finance Minister Markus Marterbauer and representatives of financial institutions and encouraged Austrian banks to expand their operations in Lithuania as part of a drive to attract new banking entrants and increase competition. The outreach highlighted Lithuania’s stable and highly profitable banking sector and strong credit demand, and pointed to opportunities for Austrian banks to establish service centres in Lithuania by leveraging local IT talent. The ministry also cited growing economic ties, including bilateral trade growth and increases of more than 10% in imports and exports in the first half of 2025, alongside more than 12% growth in Austrian imports of services to Lithuania in recent years, as factors supporting demand for tailored financial services for Austrian companies operating in Lithuania. Discussions with Austria’s finance minister also covered the European Union’s newly introduced Savings and Investment Union, described as aiming to better match savings with investment needs, broaden options for private capital holders, and make it easier for companies to raise investment, including in the context of defence financing and innovation.

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