K. Sirvydo 6
LT-01101 Vilnius

Tel: +37 052618951
Fax: +37 052618951

President: Steponas Deveikis
Vice-President: Valdemaras Ivasko
Chief Executive: Dalia Bagdonaviciené
Secretariat: 2 staff

Number of direct members: 156

Number of qualified valuers (individuals): 156

Number of valuation companies: none

Member of TEGoVA since: 1995

Category of membership: Full

Steponas Deveikis
President

Tel.:+370 52618951
Fax: +370 52618951
Mob.: +370 687 43847

Daiva Albertaviciené FRICS

Head of Valuation in Baltics
CATELLA CORPORATE FINANCE
Vilnius street ,10
VILNIUS (Lithuania)

Mobile: +370 687 810 10
Tel: +370 524 211 01
Fax: +370 527 849 52

the Lithuanian Association of Property Valuers was established on 22 March, 1994 as a non-governmental professional organisation.

The Association plays a leading role in discussions with government on proposed legislative changes, publishes practice notes on valuation topics and co-operates in the formulation of national and international valuation best practice.

National Property and Business Valuation Standards was published in 2005 by Lithuanian Association of Property Valuers and Lithuanian Association of Property and Business Valuation Enterprises.

The aims for founding Association are the following:

* to organise a non-state qualified system for valuation of different property and capital;

* to take care of training of specialists for valuation of property and capital;

* to accumulate and provide methodical and other assistance including information on valuation issues

The Association's activity is to create a new field of professional activity, and to form a favourable environment for it to grow in a transition of the economy.

As the valuation network was created, the following tasks had to be solved: arranging of professional education and certification, creation of a framework of guidance and regulation, assuring the quality of valuation services, seeking recognition as a profession.

From 1995 on, the lectures at the training courses were mostly given by the members of the Association who had been involved in preparation of the Property Valuation Guidance Notes, the tests of the certification examinations, and the lectures of national university.

The Association’s experts are usually invited to lecture at the courses held by banks, insurance companies, some public agencies to their staff. Thus a winder audience is introduced to valuation issues.

In the Valuation area of the Association work the principal areas are:

* to analyse experience of property valuation in other countries using it in professional activities of property valuers in the Republic of Lithuania;
* to prepare professional valuers training programmes;
* to organise valuers training courses;
* to co-operate with state institutions in the field of development and implementation of valuation standards;
* to collect, store and provide information and research surveys related to valuers professional activities for Association's members;
* to develop relations with non-state and other organisations of the Republic of Lithuania;
* to develop relations with international and foreign organisations of property valuers and to participate in their activities;
* to keep accounts of evaluated property on data base

The management bodies of the Association are the General Meeting (the Conference) of Members, the Board and the President.

The General Meeting of Members is the supreme body of management. All members of Association have right to participate there. The General Meeting of Members has right to consider any problem within competency of the Board or of the President.

Valaution companies and individual aluers covering the fllowing areas:

* Immovable property valuation
* Movable property valuation
* Motor vehicles valuation
* Business valuation

The Association organize Conference every year and published the proceedings of Conference ('Towards an efficient Property Management', Conference proceedings, 2004; 'Park in the City'; social and economical Factor, international Conference proceedings, 2005.This can be accessed at www.ltva.lt