Temporary capital of Lithuania constitutional claims, Kaunas was designated as a temporary or provisional capital until Vilnius would be "liberated from Polish occupation". In March 1938, Lithuania accepted a Polish ultimatum, demanding diplomatic relations. Despite normalised relations, the new Lithuanian Constitution, in May 1938, still claimed Vilnius as the "de jure" capital of Lithuania, and Kaunas remained as the temporary capital. Temporary capital of Lithuania The temporary capital of Lithuania () was the official designation of the city of Kaunas in Lithuania during the interwar period. It was in contrast to the declared capital in Vilnius, which was under Polish control from 1920 until
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