Minister Virginijus Sinkevičius met with Google CEO and discussed GovTech development possibilities

Date

2019 01 21

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V. Sinkevicius ir Google vadovas.jpg

Minister of the Economy and Innovation Virginijus Sinkevičius met with Google CEO Sundar Pichai in Warsaw and  discussed cooperation possibilities in the area of financial technology, artificial intelligence and GovTech.

‘Lithuania’s proposal to the Google CEO is to join Lithuania’s GovTech initiative. Governments around the world face too many challenges to afford failures in employing technology innovations and the most talented young minds. Governments can make use of the start-up ideas to encourage their growth. Google’s partnership in each stage of the GovTech industry growth, in particular using artificial intelligence tools disposed by Google, would significantly contribute to dealing with global problems’, said Minister of the  Economy and Innovation Virginijus Sinkevičius.

According to Minister Sinkevičius, Google is aware of Lithuania’s success story in the area of financial technology as in terms of growth rates Lithuania is second only to the United Kingdom. Last year, our success story also attracted the interest of Google Pay. The Bank of Lithuania has granted an e-money licence to Google Pay. At the meeting, Minister Sinkevičius talked about Lithuania’s investment environment, which could enable the company’s further development of financial technology services in Lithuania.

‘For several decades, Google has been dictating to the world what the future should look like and Lithuania is the country where the most ambitious future projections may become reality more quickly than elsewhere. Google should therefore consider further development opportunities in Lithuania’, Minister Virginijus Sinkevičius told Google CEO Sundar Pichai at the meeting.

In Warsaw, Minister Sinkevičius was also attending the meeting and discussion of representatives of European institutions in charge of innovation policy in Central Europe.