Economy
All euro banknotes delivered to Lithuania
The third and final shipment of euro banknotes was flown from Germany to Lithuania on Wednesday. […]
Bank of Lithuania
Economy
Lithuanian banks lower expectations for real estate price rise
Lithuanian commercial banks expected a sharp rise in real estate prices early next year, but now they have reduced expectations. The number of banks expecting real estate prices to increase has halved, while most think that prices will not change. […]
Economy
Second shipment of euro banknotes delivered to Lithuania
The second shipment of euro banknotes was delivered to Lithuania on Wednesday. […]
Energy
Lithuania’s LNG terminal: Less dependence on Russian gas, but more dependence on fossil fuel?
This Monday, Lithuania congratulated itself on finishing a seminal project in its energy independence policy and welcomed the floating liquefied natural gas terminal in the Baltic port of Klaipėda, from where it will open a second gas import line, an alternative to Russia’s gas giant Gazprom that had monopolized the Lithuanian gas market. […]
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. […]
Economy
Invalda LT-led consortium to negotiate acquisition of Finasta Banking Group
The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]
Economy
PM apologizes to for massive traffic disruption in Vilnius during euro banknote delivery
Prime Minister has apologized to the residents of Vilnius for traffic disruption caused by the delivery of the first batch of euro banknotes during Wednesday rush hour. […]
Foreign affairs
President Grybauskaitė: Lithuania-Norway cooperation growing
Lithuanian President Dalia Grybauskaitė met with the heads of 18 major Norwegian business companies and investment funds to discuss the investment climate and business opportunities in Lithuania, the presidential press service said. […]
Economy
Finance minister: Lithuania’s economic growth won’t be explosive next year
Despite criticism of the Finance Ministry’s optimistic Lithuanian GDP growth forecasts for next year, Finance Minister Rimantas Šadžius says that the country’s economic growth will be faster than in the euro zone but “not explosive” and warns that difficulties caused by the crisis in the EU-Russia relations will be long-lasting. […]
Economy
Bank of Lithuania kicks off frontloading euro cash to commercial banks
The first batch of the Lithuanian euro coins left the vault of the Bank of Lithuania on 6 October. It is designated to one commercial bank, which was the first to take 2-euro coins for EUR 45,000, the central bank said in a statement on Monday. […]
Economy
Bank of Lithuania invests in China’s capital market
The Bank of Lithuania, for the first time, invested a small part of its foreign reserve assets in China‘s securities. To do that, Lithuania’s central bank had to receive the approval of the People’s Bank of China and finish necessary legal procedures for investment in China’s capital market. […]
Economy
Advice to Lithuanian exporters: Forget China, concentrate on Chinese region or city
Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods. […]
Economy
Lithuania’s domestic credit up EUR 53.2m in August
Over August, the M3 broad monetary aggregate in Lithuania increased by LTL 244.6 million (EUR 70.9 million) and its annual growth rate was 3.6 percent at the end of the month, the Statistics Department of the Bank of Lithuania reports. […]
Politics
Former finance minister Šimonytė turns down offer to run for Vilnius mayor
Former Lithuanian Minister of Finance and now deputy chair of the central Bank of Lithuania Ingrida Šimonytė has decided against running for Vilnius mayor. […]
European Union
ECB President Draghi in Vilnius: Lithuania would be disadvantaged among Baltics without euro
Mario Draghi, President of the European Central Bank (ECB), has handed a symbolic “Euro Star” to Vitas Vasiliauskas, the governor of the central Bank of Lithuania, on the occasion of Lithuania’s upcoming accession to the euro area. […]
Economy
Half of Lithuanian euro coins minted
The Lithuanian Mint has already minted 97 million Lithuanian euro coins, which is about half the amount to be minted this year and one-fourth of the total amount to be produced this year and next year, the central bank governor said on Monday. […]
European Union
Bank of Lithuania head: More funding options for small businesses should be available in EU
Chairman of the board of the Bank of Lithuania Vitas Vasiliauskas will take part in the meeting of the Economic and Financial Affairs Council (ECOFIN) in Milan, Italy, on 12-13 September. […]
Economy
Lithuania to organize seminars on euro adoption
On 8 September, a cycle of seminars on the adoption of the euro, which will encompass at least 70 information events scheduled in all 60 municipalities of Lithuania within three months, is going to be launched in Šiauliai, euro.lt informs. […]
European Union
Germany’s central bank to supply Lithuania with euro banknotes
The central Bank of Lithuania has signed an agreement to acquire euro banknotes from the German central bank, Bundesbank. […]
Culture
Lithuanian central bank issues collectors coins to commemorate Baltic Way
The two collectors coins – 25 and 50 litas – issued into circulation by the Bank of Lithuania to commemorate the 25th anniversary of the Baltic Way depict a tree that is symbolic of Lithuania, Latvia and Estonia joining together in a living chain. […]