History of Lithuania German-held city during the ill-fated Operation Ostra Brama. The Red Army captured Vilnius with Polish help on 13 July. The Soviet Union re-occupied Lithuania and Joseph Stalin re-established the Lithuanian Soviet Socialist Republic in 1944 with its capital in Vilnius. The Soviets secured the passive agreement of the United States and Great Britain (see Yalta Conference and Potsdam Agreement) to this annexation. By January 1945, the Soviet forces captured Klaipėda on the Baltic coast. The heaviest physical losses in Lithuania during World War II were suffered in 1944–1945, when the Red Army pushed out the Nazi invaders. It is estimated
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