Three years after Lithuania switched to the euro, people in the country and abroad still have over 469 million litas worth of notes and coins, accounting for some 8 percent of the former national currency in circulation as of Jan. 1, 2015, the central bank said. […]
Peculiar mentions regarding the pension system changes planned for next year which spread this week have not left a good impression on Bank of Lithuania board chairman Vitas Vasiliauskas. “Regarding pensions, if memory serves right, […]
Hot on the heels of issuing of the Europe’s fastest e-money (EMI) license to the numerous global tech companies, Lithuania has announced it will host Europe’s first international Blockchain Centre. The Centre’s mission: to unlock economic and social value by applying blockchain technology to business, finance, and public administration, a press release from the Blockchain Centre states. […]
20 Lithuanian companies of financial technologies merged into the association “Fintech Lietuva”, the establishment of which has been encouraged and supported by the Ministry of Finance, Bank of Lithuania and other public authorities. […]
Government chancellor Milda Dargužaitė, central bank governor Vitas Vasiliauskas and public procurement chief Diana Vilytė are ranked as Lithuania’s most influential civil servants, Delfi.lt reported on Monday. […]
Lithuania’s President Dalia Grybauskaitė says that the government-proposed tax changes should ensure more social justice, while the current proposals will raise heating prices and the new ceiling on social insurance payments will further increase the income of those making the highest salaries. […]
Returning from the head banker meeting in Frankfurt recently, the head of the Bank of Lithuania Vitas Vasiliauskas states that wage growth in Lithuania is, on one hand, a positive factor, however on the other […]
“The conducted analysis of the 2016 real estate marked by us revealed that while in the beginning of the year house prices increased by 3 pct. nearing the end of the year the number reached […]
Amid a rapid decline in Lithuania’s worker-to-retiree pension, the central Bank of Lithuania is sounding the alarm and calling for the pension system to be reformed and for future pensions to be linked to personal contributions. […]
Statistics show that Lithuania’s official emigration rate did not slow down in April and remained higher than in the same period last year. […]
Israel-capital company blender intends to join the Lithuanian peer-to-peer lending market after operating as provider of consumer credits in the country for six months, Verslo Žinios business daily said. […]
Lithuania is in the zone of influence of Scandinavian banks, however, Russian banks also have low-key operations in the country and hand out loans to Lithuanian businesses, which Scandinavian-operated local banks are not extremely happy about and warn about risks, Verslo Žinios daily said. […]
Employers are struggling for employees still remaining in Lithuania and are raising wages at the fastest rate in the European Union, but emigration is hurting long term economic growth. […]
Vilius Šapoka, a former director of the Financial Services and Markets Supervision Department at the central Bank of Lithuania, says that he is considering an offer to become the country’s next finance minister. […]
An IMF mission commenced work in Lithuania. Representatives from the International Monetary Fund met with Minister of Finance Rasa Budbergytė and discussed the economic situation of Lithuania, state fiscal policy, next year’s budget and measures […]
The mortgage market in Lithuania is showing strong signs of recovery, the Bank of Lithuania says. Growing income, low interest rates and optimistic outlook encourages people to take out loans in order to buy properties. […]
A recent study has shown that nearly 40% of Lithuanians do not know how much they are charged for banking services. Experts think this might come from many customers’ belief that monetary transactions entail no […]
Financial crime investigators suspect that €2.7 million could have been embezzled from the credit union Amber. One of its top managers was detained on Tuesday. Officers of the Financial Crime Investigation Service (FNTT) searched the […]
After the Brexit referendum, other European countries have been scrambling to attract startups and financial companies that might be considering leaving the UK – and Lithuania is no exception.
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