Economy
Nordea Bank
Economy
Economy
CORPORATE
Lithuanian political parties ‘should sign national agreement on tax reform’ – economist
Nordea Bank economist Žygimantas Mauricas accused Lithuanian political parties of offering primarily cosmetic tax and economic reforms that were failing to solve the disparity between taxation and income in Lithuania. “People’s greatest complaint in Lithuania, […]
Economy
CORPORATE
CORPORATE
What are the key risks facing the Lithuanian economy?
Gitanas Nausėda, Žygimantas Mauricas and Nerijus Mačiulis, all economists at leading commercial banks in Lithuania, are optimistic about Lithuania’s economy in the coming year but they highlighted some of the greatest economic risks Lithuania faces in the coming year – most of them international rather than domestic. […]
CORPORATE
CORPORATE
Is a new real estate bubble inflating in Lithuania?
Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble. […]
Economy
Scandinavian banks lose interest in Lithuania due to low returns
Scandinavian banks are no longer interested in expanding lending in Lithuania due to falling returns, said Stasys Kropas, the president of the Association of Lithuanian Banks. […]
CORPORATE
Lithuanian housing bubble to unwind not burst say experts
Last year, investment into residential real estate in Lithuania returned to the pre-crisis levels of 2007. Economists say, however, that the growth is sustainable and a real estate “bubble” could, in worst case, deflate a little rather than explode as it did in 2008. […]
Economy
Bank ordered to charge negative interest rates on its loans
The Bank of Lithuania, Lithuania’s central bank, has ordered Nordea Bank AB to charge negative interest rates on its loans after the basic interest rate dropped below the bank’s surcharge rates. […]
CORPORATE
Banks fail to develop common solution to replace code cards
Commercial banks in Lithuania have still not developed a common alternative for code cards, whose use will be restricted from April. […]
Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]