Economy

Profits in Lithuanian banking sector highest since 2007

Xinhua Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406 million U.S. dollars) in net profits in aggregate last year, the most since 2007, announced the country’s central bank […]

European Union

Finance Minister calls for EU-wide anti-money laundering system

Xinhua Lithuania’s Finance Minister Vilius Šapoka called on the eurozone and the European Union to establish a single anti-money laundering system after a money laundering scandal hit the Swedish banking group Swedbank on February 20. […]

Vilnius
Economy

Dream housing for a Lithuanian – somewhere in a major city or tucked away in the nature’s lap

With unlimited financial possibilities at hand, more than half of Lithuanians would choose to live in a major city – young people are mostly fond of the spirit of an old town and lively city centre, while the older ones would opt for more remote neighbourhoods and suburban areas of major cities. Every sixth resident in Lithuania would choose to live in the nature’s lap, close to a river or lake. The above preferences were revealed by a representative survey carried out by Spinter Tyrimai on the initiative of Citadele bankas. […]

Freetime

Women celebrate March 11 with weapons in hand

The event 101 Shots for Lithuania was held for March 11 in a forest firing range. The original celebration of the Restoration of Lithuanian Independence was held for the third year now and is becoming a tradition. Ever more female representatives from culture, business and entertainment are daring to try their hand at practical combat shooting. […]

Economy

Should we really worry that the RE market indicators have reached the pre-crisis levels?

Nobel laureate economist Robert Shiller has coined the term “Narrative economics” – a situation where the market is affected not only by data, but also by mood and opinion. This was the case of the “narrative economics” in the housing market last year: when, in January, as a result of pessimistic forecasts, the market has decelerated significantly for a month. Nevertheless, the id recovered after the forecasts did not come true. […]

No Picture
CORPORATE

“Adios, England. We return to Lithuania”: emigrants bring everything

“Adios, England. We return to Lithuania”. This phrase is not a headline intended to draw the reader’s attention. It is a part of an advert by an English Lithuanian. Coincidence or not, however in recent weeks, the number of signs of return from the UK to Lithuania has become greater. […]