History of Lithuania (1219–95) the first capital of Lithuania. The attack failed and Tautvilas' forces retreated to defend themselves in Tverai Castle, in the present-day Rietavas municipality. Vykintas died in or about 1253, and Tautvilas was forced to rejoin Daniel of Galicia. Daniel reconciled with Mindaugas in 1254; the Black Ruthenian lands were transferred to Roman, the son of Daniel. Vaišvilkas, the son of Mindaugas, decided to join a monastery. Tautvilas recognized Mindaugas' superiority and received Polatsk as a fiefdom. As promised, Mindaugas and his wife Morta were crowned at some time during the summer of 1253, and the Kingdom of Lithuania, proclaimed by
Economy of Lithuania degrees of business, fiscal, and financial freedom. Lithuania is a member of the EU and the WTO, so regulation is relatively transparent and efficient, with foreign and domestic capital subject to the same rules. The financial sector is advanced, regionally integrated, and subject to few intrusive regulations. One of Lithuania's most important reforms was the privatization of state-owned assets. The first stage of privatization was being implemented between 1991 and 1995. Citizens were given investment vouchers worth €3.1 billion in nominal value, which let them participate in assets selling. By October 1995, they were used as follows: 65% for acquisition