For almost every second family with financial liabilities, those liabilities are a great financial burden, but households with instant credit face the most difficulties, according to the latest survey of household financial behaviour commissioned by the Bank of Lithuania. […]
The Lithuanian parliament, with the blessing of President Dalia Grybauskaitė, approved a generous government budget for the year 2016 but views of whether such a budget is prudent are mixed. […]
After the Bank of Lithuania revoked the licence of 4finance, the country’s leading consumer loan company, last week, it said it would contest the decision. Less than a week later, however, the company’s shareholders sacked its general manager Gediminas Velička. […]
The introduction of the euro at the beginning of 2015 has had a significant economic impact on Lithuania, its citizens and businesses, according to the Bank of Lithuania (LB). […]
Nearly a year has passed since the adoption of the euro, but nearly LTL 525 million (€152 million) in cash still remains unexchanged by Lithuanians. […]
Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers. […]
A monument to the first manager of the Bank of Lithuania, Vladas Jurgutis, has been unveiled near the headquarters of the Bank of Lithuania. […]
4finance, the leading consumer credit company in Lithuania, has had its licence revoked by the Bank of Lithuania following repeated violations. […]
Lithuania’s economy should grow 2.9% next year, almost double this year’s rate of 1.7%, according to the director of Economics and Financial Stability Service of the central Bank of Lithuania. […]
The Bank of Lithuania has released a new euro coin which is a tribute to the Lithuanian language. While some of the one million new coins will be reserved for collectors, most will be put into circulation, according to Miglė Mockutė-Zaleckienė, a representative of the Bank of Lithuania. […]
As of 1 January 2016, Lithuania is going to join the electronic euro payments area SEPA, encompassing 34 countries. From that day, the same payment order form will be completed for domestic payments and payments to other SEPA countries, whereas one account in any SEPA country will be enough in order to perform or receive payments, the Bank of Lithuania reports. […]
The key risks to Lithuania‘s financial system come from geopolitical tensions in Eastern Europe and a prolonged low interest rate period, according to a survey by the Bank of Lithuania. […]
The Lithuanian Parliament has adopted the final amendments satisfying legal conditions that will ensure Lithuania’s full-fledged participation in the banking union. […]
The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]
Remittances from the Lithuanian diaspora has long played a significant role in the country’s economy. Expatriates send a lot of the money they make in the UK or Norway to their families that stayed behind in Lithuania, stimulating domestic consumption and keeping some low-earning relatives from falling into poverty. Statistics indicate, however, that remittances have dropped significantly this year. […]
On 19 November, a shipment of euro banknotes arrived in Vilnius International Airport. From there, the euro banknotes, with a police escort, were safely delivered to the Bank of Lithuania‘s vaults, the country’s central bank said. […]
The Bank of Lithuania has drafted a list of private banking services that it proposes should be made more accessible. If the proposal is endorsed by parliament, commercial banks will have to provide basic services like debit card administration, cash withdrawals and money transfers in the EEA to their clients at a fixed charge. […]
According to the assessment of commercial banks, the financial status of residents and of the majority of the economic activities is improving – the survey of banks, initiated by the Bank of Lithuania, reveals that banks plan to increase loan portfolios moderately, the country’s central bank reports. […]
Ingrida Šimonytė, deputy chairwoman of the Board of the Bank of Lithuania, will be running in next year’s parliamentary elections in one of Vilnius single-member constituencies. Her candidacy was put forward by the conservative Homeland Union – Lithuanian Christian Democrats (TS-LKD). […]
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