Recent news

The Ministry of Finance of the Republic of Lithuania has proposed increasing the cash payment limit to EUR 10,000. According to business organizations, such a decision under Lithuanian conditions would increase the risk of the shadow economy, weaken tax collection, and reduce economic transparency. The association Investors’ Forum, which brings together the largest and most active investors in the Lithuanian economy, together with the transparency ambassadors’ community White Wave, opposes this proposal and calls for maintaining the currently applicable EUR 5,000 limit.

The associations Unicorns Lithuania and Investors’ Forum, which unite startups as well as foreign and Lithuanian investors, together with the Lithuanian Confederation of Industrialists, have addressed the President, Members of Parliament, the Minister of Culture, and the Prime Minister.

Every year, when we begin discussions about the state budget, the same feeling arises – we start from the wrong end.

Transparency is not solely a matter for the state or for business. It is a shared principle that determines whether our institutions function effectively and whether companies operate reliably. When the public sector chooses transparency, it saves all of us money and time. When business does so, it secures its reputation and long-term growth. So it does not matter whether results are measured in terms of the state budget or in profit margins. In both cases, the same rule applies – transparency is an investment that pays off.