Stockholm
Economy

Air Lituanica to offer Vilnius-Stockholm flights 10 times a week

“Air Lituanica is already known name to Swedish aviators. A flight to the capital is always “a diamond in the crown”, after all, Stockholm and the surrounding region have the largest concentration of people, business, cultural and historical objects,” Eitvydas Bajarūnas, Lithuania’s ambassador to Sweden, welcomed the new route, Air Lituanica reports. […]

Statoil
Energy

Statoil to supply 540m cubic metres of gas to Lithuania’s LNG terminal annually

The Independence, a floating liquefied natural gas (LNG) terminal, was docked in the Lithuanian port of Klaipėda on Monday. The terminal gives Lithuania the capability to import up to 4 billion cubic metres of gas a year after 2015, Invest Lithuania said. […]

Economy

ECB stress test finds Lithuania’s banks secure and reliable

The three largest banks operating in Lithuania – SEB bank, Swedbank and DNB bank – have very solid capital buffers and assess risks conservatively enough. This became clear after the European Central Bank (ECB), in cooperation with the Bank of Lithuania, inspected the asset quality of the three commercial banks and performed stress testing, the country’s central bank said in a report on 26 October. […]

European Central Bank
Economy

ECB sets minimum reserves for Lithuanian banks

The European Central Bank (ECB) has set minimum reserve requirements for banks in Lithuania, the Bank said on Friday. […]