Signatories of the Act of Independence of Lithuania Signatories of the Act of Independence of Lithuania The signatories of the Act of Independence of Lithuania were the twenty Lithuanian men who signed the Act of Independence of Lithuania on February 16, 1918. The signatories were elected to the Council of Lithuania by the Vilnius Conference in September 1917 and entrusted with the mission of establishing an independent Lithuanian state. The proclaimed independence was established only in late 1918, after Germany lost World War I and its troops retreated from Lithuanian territory. What followed was a long process of building the state, determining its borders, and gaining international diplomatic
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