Swedbank
CORPORATE

Swedbank Lithuania reports profit growth

Swedbank Lithuania made €22 million in profits in January-March 2016, 3% more than during the first quarter last year. Swedbank, which is part of the Swedish Swedbank group and the second biggest bank in Lithuania, […]

CORPORATE

Lithuanian corporate profits come close to record highs but labour costs pose threat

Last year Lithuanian corporate profits almost hit the record levels of 2007 with pre-tax profits reaching €4.2 billion or 40% more than in 2014. […]

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CORPORATE

Lithuanian exporters to beat Russian embargo to grow strongly in 2016

Lithuanian exports grew by 2.6% last year, excluding oil products, despite the Russian embargo on many Lithuanian goods, with exports to Russia falling by more than 50%. […]

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Economy

Danske Bank to establish IT service centre in Vilnius

Danske Bank, the largest financial services group in Denmark and the second largest in terms of assets owned in Northern Europe, is establishing an IT service centre for its group of companies, Danske Group IT Lietuva (DGITL), in Vilnius. […]