Geography of Lithuania offers perhaps of oil deposits, and the southeast could provide high yields of iron ore and granite. According to some geographers, the geographical midpoint of Europe is just north of Lithuania's capital, Vilnius. Geographic coordinates: Lithuania is situated on the eastern shore of the Baltic Sea. Lithuania's boundaries have changed several times since 1918, but they have been stable since 1945. Currently, Lithuania covers an area of about 65,200 square kilometres. About the size of West Virginia, it is larger than Belgium, Denmark, Latvia, the Netherlands, or Switzerland. Lithuania is situated on the eastern shore of the Baltic Sea and
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