Republic of Central Lithuania authority over the area. Instead, it continued to treat the so-called Vilnius Region as part of its own territory and the city itself as its constitutional capital, with Kaunas being only a temporary seat of government. The dispute over the Vilnius region resulted in much tensions in the Polish-Lithuanian relations in the interwar period. Some historians have argued that if Poland had not prevailed in the Polish-Soviet War, Lithuania would have been invaded by the Soviets, and would never have experienced two decades of independence. Under this scenario, despite the Soviet-Lithuanian Treaty of 1920, Lithuania was very close to being
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