Act of Independence of Lithuania Act of Independence of Lithuania The Act of Reinstating Independence of Lithuania () or Act of 16 February was signed by the Council of Lithuania on 16 February 1918, proclaiming the restoration of an independent State of Lithuania, governed by democratic principles, with Vilnius as its capital. The Act was signed by all twenty representatives of the Council, which was chaired by Jonas Basanavičius. The Act of 16 February was the result of a series of resolutions on the issue, including one issued by the Vilnius Conference and the Act of 8 January. The path to the Act was long
Economy of Lithuania of 178 countries in the Index of Economic Freedom, measured by The Heritage Foundation. On average, more than 95% of all foreign direct investment in Lithuania comes from European Union countries. Sweden is historically the largest investor with 20% – 30% of all FDI in Lithuania. FDI into Lithuania spiked in 2017, reaching its highest ever recorded number of greenfield investment projects. In 2017, Lithuania was third country, after Ireland and Singapore by the average job value of investment projects. Based on OECD data, Lithuania is among the top 5 countries in the world by postsecondary (tertiary) education attainment. Educated