Lithuania–Russia relations called the Lithuanian Governorate, with its capital in Vilnius. By order of Tsar Alexander I on September 9, 1801, the Lithuanian Governorate was split into the Lithuania-Vilnius Governorate and the Lithuania-Grodno Governorate. After 39 years, the word "Lithuania" was dropped from the two names by Nicholas I. In 1843, another administrative reform took place, creating the Kaunas Governorate (Kovno in Russian) out of seven western districts of the Vilnius Governorate, including all of Žemaitija. The Vilnius Governorate received three additional districts: Vileyka and Dzisna from the Minsk Governorate and Lida from Grodno Governorate. It was divided to districts of Vilnius,
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