Republic of Central Lithuania in 1991, the city's status as Lithuania's capital has been internationally recognized. Republic of Central Lithuania The Republic of Central Lithuania or Middle Lithuania (, , ), or Central Lithuania (, , ), was a short-lived political entity, which did not gain international recognition. The republic was created in 1920 following the staged rebellion of soldiers of the 1st Lithuanian–Belarusian Infantry Division of the Polish Army under Lucjan Żeligowski, supported by the Polish air force, cavalry and artillery. Centered on the historical capital of the Grand Duchy of Lithuania, Vilna (, ), for eighteen months the entity served as a
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