Lithuanian central bank head nominated for second term

“Obvious changes have taken place in the financial system during the five years of his [Vasiliauskas’] leadership, such as the assurance of stability and reliability of credit institutions, the launch of major reforms in the consumer credit and credit unions’ markets, implementation of vigorous efforts to enhance the protection of consumer rights and to improve access to financial services and their quality,” Grybauskaitė said in a statement.

She also noted that public trust in the Bank of Lithuania grew 14 points during Vasiliauskas’ tenure and now stands at 62%.

Related Post

President Grybauskaitė has also commended the central bank’s role in smoothing Lithuania’s transition to the euro. “Almost 90% of Lithuanians said the currency switch went smoothly and efficiently, while more than 90% also said they were properly informed about the euro,” according to the president’s statement.

Vasiliauskas has chaired the central bank since April 2011 and his first five-year term will expire on April 15. There is no limitation on how many times the same person can serve in the post.

Share

Recent Posts

  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 days ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

1 week ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 weeks ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 weeks ago
  • Tribune

The Citus projects: The Kaip Niujorke by CITUS project continues – the spirit of New York unfolds in Vilnius, and the second phase is launching

In September, Citus – a creative real estate projects’ development and placemaking company – began…

2 weeks ago
  • Latest

These parties will enter the Seimas for the third time in a row. How many votes did they lose, and how many did they gain?

As various parties emerge, disappear or reorganize themselves in the political space, the Lithuanian Social…

3 weeks ago