Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras, shall be extradited to Lithuania, two judges of the High Court in London have said after hearing the case, the web portal lrytas.lt reports. […]
The new 20 euro banknote and its innovative security features were presented at the Bank of Lithuania on Tuesday, 5 May. The new 20 euro banknotes, from the Europa series, will be put into circulation across the euro area on 25 November 2015 and will circulate together with the current banknotes of the first series, said the Bank of Lithuania. […]
Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, begins his visit in Washington, DC, where he will attend the meetings of the International Monetary Fund (IMF) on 16-18 April. At these meetings, central bank governors and finance ministers will discuss measures for accelerating global economic recovery, the Bank of Lithuania reports. […]
On Tuesday, 14 April, the International Monetary Fund (IMF) published its World Economic Outlook in which Lithuania has been classified as an advanced economy. Previously the IMF regarded Lithuania as an emerging market. […]
The Bank of Lithuania has presented to market participants its proposals concerning changes to the Responsible Lending Regulations. They would introduce the requirement to responsibly assess customer’s risk due to likely interest rate increases, while the proposed shorter maximum maturity of a housing loan would speed up the repayment of the loan and reduce the possibility of over-indebtedness, the Bank of Lithuania said. […]
In 2014, insurance undertakings registered in Lithuania, according to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of profits, a year-on-year increase of 36 percent. The highest profits were generated by the insurance activity; however, the overall result was significantly enhanced by profits from the investing activity, the Bank of Lithuania reports. […]
In 2014, the foreign direct investment (FDI) flow into Lithuania increased, while the Lithuanian direct investment abroad decreased, Statistics Lithuania and the Bank of Lithuania report. […]
Even though the Lithuanian central bank last week cut its GDP growth forecast for this year, Prime Minister Algirdas Butkevičius says that the government is not planning to revise the national budget, at least for now, adding that EU support should help cushion the impact of slower growth. […]
The Bank of Lithuania forecasts that the domestic demand-driven Lithuanian economy will continue growing, albeit at a slower pace than previously expected. The worse outlook for the Russian economy, determined by persisting geopolitical tensions and falling oil prices, will have an essential influence on this change, the central bank said. […]
Lithuania’s authorities should postpone plans for a minimum wage hike after the central bank on Friday cut its GDP growth forecast for this year, a senior expert at the Lithuanian Free Market Institute (LLRI) said. […]
The Bank of Lithuania, jointly with the European Central Bank (ECB) and other central banks of the Eurosystem as of 9 March is undertaking an expanded asset purchase programme. Under this programme, the central banks of the Eurosystem will buy bonds issued by euro area governments, agencies and European institutions in the secondary market, Lithuania’s central bank has announced. […]
Some 68 percent of Lithuanians were in favour of the euro in mid-February, up by 8 percent from December, the latest poll commissioned by the central Bank of Lithuania has shown. […]
The surpluses on the balances of services and secondary income did not offset Lithuania‘s negative trade and primary income balances and this led to a build up (EUR -16.5 million or LTL -56.9 million) of a deficit in the current account balance (CAB) in December 2014, the Bank of Lithuania reports. […]
The 500th anniversary of, Mikolaj Radziwill the Black, one of the most prominent noblemen of the Grand Duchy of Lithuania, is commemorated by the Bank of Lithuania with the issue of a 20-euro collector coin. It was presented to the public at the Vilnius Radziwill Museum, the Bank said. […]
Lithuania’s economy is expected to maintain growth of 3.0 percent in 2015, despite a fall in exports to Russia. Domestic demand is set to remain the main growth engine, as employment and real disposable incomes rise. Inflation stays low and public finances improve slightly, the European Commission said in a statement. […]
The Bank of Lithuania, seeking to make the cash management system more efficient, prepared proposals on how to optimise cash management. They are presented in the public discussion document Reform of the Cash Supply System, the Bank of Lithuania announced. […]
On 29 January, the Bank of Lithuania issued into circulation a 50-euro collector coin, dedicated to coinage in the Grand Duchy of Lithuania. This is the first collector Lithuanian euro coin, the Bank of Lithuania said. […]
The period of dual circulation of litas and euro cash in Lithuania ended on 15 January. […]
Professional services firm EY (Ernst&Young) forecasts that Lithuania’s GDP will grow 3.6 percent in 2015. The adoption of the euro, reduced financial risks and cheaper borrowing will allow the Lithuanian economy to grow three times faster than the euro area average, whereas in two years economic growth can reach a 5-percent rate. […]
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