Administrative divisions of Lithuania 1561, became a condominium (joint domain) of both Lithuania and Poland. This left Lithuania with eight voivodeships and one eldership: After the Livonian War (1558–1582), Lithuania acquired the vassal state of Duchy of Courland with its capital Jelgava. This administrative division remained without any major changes until the partitions of the Polish–Lithuanian Commonwealth in the late 18th century. Under the Russian Empire, the territory of the former Grand Duchy of Lithuania was divided into governorates (Russian: "guberniya", Lithuanian: "gubernija") and districts (Russian: "uyezd", Lithuanian: "apskritis"). Such system was introducing in Russia during the reforms of 1775. The first governorates, Vilna
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