Bank Snoras headquarters on Vivulskio Street in Vilnius
Economy

Bank Snoras headquarters in Vilnius to be sold

Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than 1,500 movable and 250 immovable properties, including the bank’s former headquarters in Vilnius. The building, located on Vivulskio Street, will be the most expensive item on the list. Its initial price will be set at EUR 5.31 million. […]

Economy

Bankruptcies increase in Lithuania in January

Compared to December 2014, the number of bankruptcies in January increased by a third, while the number of distraints decreased by a third. […]

Economy

Snoras Bank creditors have already been paid almost 0.5bn euros

In accordance to the third payout plan approved by Vilnius Regional Court, Snoras Bank bankruptcy administrator has paid out LTL 750 million (EUR 217 million) to secondary creditor, state company Deposit and Investment Insurance. After the transaction, primary and secondary creditors of Snoras will have received a total of LTL 1.7 billion (EUR 487 million). […]