Signatories of the Act of Independence of Lithuania recognition. The signatories succeeded in their mission and independent Lithuania survived until the Soviet Union occupied the state on June 15, 1940. Their political, professional, and social backgrounds were diverse. Several rose to political prominence; Antanas Smetona and Aleksandras Stulginskis were later elected Presidents of Lithuania and Jonas Vileišis went on to become mayor of Kaunas, the temporary capital of Lithuania. After Lithuania lost its independence during World War II, six of the surviving signatories were sent to prison or executed by the Soviet government and six others emigrated to Western countries. The signatories came from a variety of social
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