Lithuania ran a current account surplus of €37.1 million in the first quarter of 2016 compared to a deficit of over €300 million in the first quarter of 2015. The current account surplus was equal […]
A range of economists and employers have criticised the decision of Lithuania‘s government to raise the minimum wage again in July saying it has a limited effect on improving the lives of low income groups […]
The accelerating rate of Lithuanian wage growth has not been met with an increase on labour productivity and the Bank of Lithuania says this could be a problem for the country’s economy. Labour productivity has […]
The Bank of Lithuania expects the country’s economy to grow 2.6%, leaving its earlier projections unchanged.
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Lithuania’s financial system could withstand a series of international and domestic shocks, including a sudden deep recession according to the chairman of Lithuania’s central bank. “Banks can withstand large shocks. Our stress tests shows that […]
While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania’s central bank. […]
Lithuanian courts have ruled that a Bank of Lithuania rule forbidding the granting of credit to people who must spend more than 40% of their income to cover their debts is unconstitutional. The courts’ ruling […]
In three weeks, British citizens are voting on whether to remain in the European Union. The results of the referendum are hard to predict with any certainty, but one thing is clear – Brexit would be most painful for the United Kingdom itself and the country’s economy. The situation of expat Lithuanians would also be inevitably affected. […]
Having identified that the Vilniaus Kreditas credit union did not maintain sufficient capital or a limit for the largest sum of loans to a single debtor, the board of the Bank of Lithuania has selected […]
The Bank of Lithuania has asked the Prosecutor General’s Office to investigate alleged slander by a media group. […]
The average wage in Lithuanian was 6.9% higher in the first quarter of 2016 than the same period last year. This is the fastest rate of growth in pay packets since the Lithuania‘s economic recovery […]
The International Monetary Fund (IMF) has said Lithuania needs to carry out structural reforms to its credit unions sector. Lithuania‘s central bank said the IMF in its latest report on Lithuania said that the country’s […]
Lithuanian population productivity, compared to Western European countries remains very low and the International Monetary Fund (IMF) think this problem could be best solved by extending the life expectancy rate in Lithuania. “Life expectancy is […]
Vitas Vasiliauskas, chairman of the board of the Bank of Lithuania, has admitted to representing numerous offshore companies but also said that he did not open any accounts and did not break any laws. Speaking […]
Lithuania’s central bank, the Bank of Lithuania, has issued two commemorative two-euro coins with the country side minted with one of the most prominent Baltic cultural characters – Amber circle-amulet. […]
Vitas Vasiliauskas, the head of Lithuania’s central bank, has been asked to provide an explanation to the Seimas after it was reported that he represented an offshore company linked to Russia’s oligarch Nikolai Tsvetkov before becoming the head of the bank. […]
The leaked Panama Papers indicate that Lithuania’s central bank chief once represented an offshore company linked to a Russian oligarch. […]
Life insurance market in Lithuania has bounced back to the levels before the 2008 global downturn, the Bank of Lithuania says. […]
Lithuanian businesses are decreasing savings and increasing investment as profits almost hit pre-crisis highs, with growing salaries and domestic consumption, and positive trends in Lithuania’s main export markets. Bank of Lithuania data shows that the […]
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