The Swedish Chamber of Commerce in Lithuania in partnership with law firm TGS Baltic and the Embassy of Sweden in Vilnius for the 6th time brought together about 100 banking and finance experts, regulators and […]
Almost fifty Lithuanian and foreign capital banks have worked in Lithuania since 1989. There have been German, Irish and Polish banks, which eventually withdrew from the country or went bankrupt, Association of Lithuanian Banks president Mantas Zalatorius recalls. More competition would only benefit Lithuania, he believes, thus there is need for an ever more appealing investment environment. Meanwhile, economist Romas Lazutka says that it is difficult to enter the small oligopoly bank market in Lithuania, lrt.lt writes. […]
There is too great a concentration of Swedish banks in Lithuania, thus one of them should be sold. This was a statement by Seimas Budget and Finance Committee chairman Stasys Jakeliūnas on Wednesday. SEB bank and Swedbank – these are namely two Swedish capital banks operating in Lithuania and other Baltic states and if they didn’t flinch, they must have at least been listening carefully, this was a statement by a politician from the ruling coalition. […]
A future without cash was the subject of the Swedish-Lithuania Business Forum on Thursday in Vilnius. How to achieve that cashless society, the merits and some of the challenges was the main subject of presentations and panel discussions. Sweden gives us a closer look as to how the cashless future is shaping up. […]
The Lithuanian central bank has initiated a dialog between commercial banks and virtual currency traders on their attitudes toward cryptocurrencies. […]
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