Public information

MANAGEMENT

Legal information

Personal data protection policy

Public information

In the section “Public Information” you will be able to get acquainted with the State Investment Capital (VIKA) and management structure.

UAB Valstybės investicinis kapitalas
Legal form: Private limited company
Company code: 305611945
Data is collected and stored in the Register of Legal Entities, SE Center of Registers.
Head office: Gedimino ave. 38, LT-01104, Vilnius
E-mail: info@vika.lt
State representative body: Ministry of Economy and Innovation
State share: 100%

The main nature of the activity: management of the transferred state-owned assets, establishment, financing and participation in the company’s legal entities for the purpose of the company, issuance of bonds and attraction of private investments.

Articles of Association of UAB Valstybės investicinis kapitalas

MANAGEMENT

Private limited liability company Valstybės investicinis kapitalas (VIKA) is a private legal entity with limited civil liability, the form of activity of which is a private limited company. The founder of the Agency is the State of Lithuania, represented by the Ministry of Economy and Innovation of the Republic of Lithuania.

The aim of VIKA’s activities is to help medium-sized and large companies operating in Lithuania affected by the COVID-19 outbreak. In addition to other financing instruments already in place for small and medium-sized enterprises, the fund intends to invest in medium-sized and large Lithuanian companies that have experienced financial difficulties that may jeopardize their business continuity.

Legal information

In this section you can get acquainted with the relevant legal acts of Lithuania and the European Union.

RESOLUTION ON THE ESTABLISHMENT OF THE PUBLIC JOINT STOCK COMPANY „VALSTYBĖS INVESTICINIS KAPITALAS“ AND THE PUBLIC JOINT STOCK COMPANY STATE INVESTMENT MANAGEMENT AGENCY AND THE INVESTMENT OF STATE ASSETS

APPROVAL OF THE DESCRIPTION OF THE ACTIVITY OF THE BUSINESS AID FUND

Temporary framework for State aid measures to support the economy in response to the current COVID-19 outbreak

Declaring certain categories of aid compatible with the internal market pursuant to Articles 107 and 108 of the Treaty

Personal data protection policy

This personal data protection policy sets out the general principles, objectives and grounds for the protection of personal data managed and processed by the Company, the principles and procedures for the implementation of data subjects’ rights, the main rights, duties and responsibilities of members of the Company’s management and supervisory bodies. technical measures ensuring the protection of personal data managed and processed by the Company.

The policy has been prepared in accordance with BDAR, the Law on Personal Data Protection of the Republic of Lithuania and other valid legal acts.

Team

CHAIRMAN OF THE TEAM
ŠARŪNAS RUZGYS

More than 20 years of active management experience in the field of top management. With specialist knowledge of corporate governance, investment and pension fund management and the regulatory environment, he has been involved in many interregional and multifunctional projects.

Other activities: General Director of UAB Signeda, independent member of the Board of UAB Victory Funds.

Previous activities: General Manager and Chairman of the Board of Luminor Asset Management Company, President of the Lithuanian Investment and Pension Fund Management Association, Member of the Board of the Lithuanian Business Confederation.

Education: EMBA from the Baltic Institute of Management and Vytautas Magnus University, Master’s degree in economics, Vytautas Magnus University.

MEMBER OF THE TEAM
JONAS BLOŽĖ

More than 18 years of professional experience in commercial and business law risk management, business development and strategy consulting.

Other activities: lawyer, local and foreign court arbitrator, mediator.

Previous activities: INVEGA independent board member, board member of various companies.

Education: Mykolas Romeris University, Master of Laws.

MEMBER OF THE TEAM
TOMAS URBAN

More than 10 years of experience in the consulting sector: project financing, management, procurement, legal advice.

Other activities: Head of the Business Environment Department of the Ministry of Economy and Innovation, member of the Investment and Business Guarantee Board (INVEGA).

Previous activities: Member of the Board of CPO LT, Adviser to the Minister of Economy and Innovation, Project Manager for Strategic Change in the Government Chancellery, General Manager and Founder of JCI Public Solutions.

Education: Mykolas Romeris University, Master of Management and Business Administration (Strategic Organizational Management), Master of Law (Business Law).

GENERAL DIRECTOR
ROBERTAS VYŠNIAUSKAS

20 years of professional experience in commercial and business law, in-depth knowledge of corporate governance, business development and strategy, mergers and acquisitions, and management of multilateral complex projects.

Other activities: Independent member of the Board and member of the Audit Committee of UAB EPSO-G, independent member of the Board of UAB Vilniaus vystymo kompanija.

Previous activities: Independent member of the Board of UAB Valstybės investicinis kapitalas, independent member of the Board of the state-owned company Infostruktūra, Member of the Board of UAB Vilniaus prekyba, General Manager and lawyer of related or controlling companies.

Education: Mykolas Romeris University, Master of Laws.

History

2020m.
March 19

2020m.
May 27

2020m.
August 26

2020m.
September 30

2021m.
January 25

The European Commission has adopted a temporary framework for State aid measures to support the economy during the current COVID-19 outbreak.

The European Commission has approved the establishment of the State Aid Fund for Business in Lithuania under the temporary state aid system.

UAB "Valstybės investicinis kapitalas" (VIK) was established.

The Minister of Finance and the Minister of Economy and Innovation of the Republic of Lithuania approved the description of the activities of the State Aid Measures for Business.

The European Central Bank (ECB) has recognized the VIK as an agency.

Goals

In addition to other financing instruments already in place for small and medium-sized enterprises, the fund intends to invest in medium-sized and large Lithuanian companies that have experienced financial difficulties that may jeopardize their business continuity.

The fund also seeks to promote the development of the capital market by attracting institutional investors operating the funds to insure the investment returns of the fund’s participants.

PROVISION OF INVESTMENTS TO MEDIUM AND LARGE ENTITIES WHICH MEET THE FUND REQUIREMENTS

MAINTAINING KEY SECTORS OF THE ECONOMY WHICH WILL BE BETTER PREPARED FOR THE RECOVERY PERIOD

Another objective of this fund is to consolidate the funds of the Republic of Lithuania, as well as private investors, in order to finance medium and large companies operating in Lithuania whose activities have been or will be affected by the COVID-19 outbreak, which may disrupt operations and adversely affect other businesses. to the stability of entities operating in Lithuania and / or have other material, social or economic consequences in the Republic of Lithuania.

STATE INVESTMENT CAPITAL

Public information