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Today the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released information on the Corporate...

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UK opposition calls for election or second referendum on Brexit deal

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said Tuesday. Fintech refers to IT companies developing new software, applications or business models for the financial sector.

"We expect to receive around 100 applications from fintech companies this year," Marius Jurgilas, a member of the board at the central bank, told AFP.

The Lithuanian fintech cluster already includes over 110 licensed companies, second only to Britain in the European Union, while another 61 applications are under review, according to central bank figures.

The surge is driven by speedy processing and fears that British licences may lose rights to provide payment or e-money services to EU customers after Britain leaves the bloc as expected on March 29.

"Brexit is certainly encouraging those firms who need the EU market to seek locations and licences in EU states," Jurgilas said.

The recent newcomers in Lithuania, a eurozone nation of 2.8 million people, include Google's payment arm and Revolut, a British digital-only bank.

Jurgilas admitted the drive received attention from the "shadow economy" but said the central bank has stepped up efforts to prevent money laundering, including a new department for e-money supervision and closer ties with security agencies.

"The Lithuanian central bank is extremely cautious with persons who have links to tax havens," Jurgilas said.afp

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EU seeks better coordination to tackle coronavirus

Feb 13,2020

European Union nations will on Thursday (Feb 13) discuss ways to increase cooperation in a bid to tackle...

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Returning Clijsters targets Dubai for eagerly-awaited comeback

Feb 10,2020 NYCourier - avatar NYCourier

Four-time Grand Slam winner Kim Clijsters announced Sunday she will return after seven years in retirement at the WTA ...

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Jan 21,2020 NYCourier - avatar NYCourier

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Dec 06,2019 NYCourier - avatar NYCourier

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Nov 30,2019 NYCourier - avatar NYCourier

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Oct 25,2019 NYCourier - avatar NYCourier

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Oct 22,2019 NYCourier - avatar NYCourier

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