Vitas Vasiliauskas

Crisis is not around corner but slowdown signs are visible, Lithuanian central banker says

Lithuania’s central banker says he sees no clear signs of an upcoming new economic crisis but warns about slowing growth. […]

Building site

Real estate market forecast: pricing peak has been reached

Developers now openly talk that the rise in real estate prices that has been ongoing for a few years and rising sales have declined. Supply continues to rise, but increasingly fewer homes are being purchased […]

Lidl store

Food in Lithuania will never be as cheap as in Poland – PM

The accession of German-owned retail chain Lidl to Lithuania has pulled down the prices for food products in Lithuania, however, says Prime Minister Saulius Skvernelis, emphasizing they would never be as low in Lithuania as they are in the neighboring Poland. […]


Nordic bubble ‘a hazard’ to Lithuanian banking

While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania’s central bank. […]