Lithuania issued government bonds worth €15 million on Monday. The state will pay 0.489% interest on average for the bonds that will mature in eight years. By 1 July, the central government’s debt amounted to […]
Lithuanian Banking Association says that people in the country are borrowing far more actively this year than in 2015. Lithuanians are also more using bank cards more actively, even though cash remains the most popular […]
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. […]
4finance, the leading consumer credit company in Lithuania, has had its licence revoked by the Bank of Lithuania following repeated violations. […]
Liberal Remigijus Šimašius, who has been serving as the mayor of Vilnius for 100 days, says that he managed to reduce the city’s debt by 2.4 percent or EUR 8.6 million in the period from late April to early July. […]
Lithuania’s parliamentary speaker, Loreta Graužinienė, said on Wednesday that Lithuanian people “do not have to cover Greek debts” and that she doubted if Greece‘s parliament would pass the reforms promised by Prime Minister Alexis Tsipras in exchange for financial assistance. […]
Economist Dr.Zoltan Pogatsa believes that the Eurozone states of the former Eastern bloc have been duped by the major powers into firmly opposing Greece. They are being led to believe that Athens is damaging to their economies. It’s all a deception, the Hungarian professional of political economy argues, as Eastern Eurozone members’ money never actually went to Greece, but to Brussels, in order to support the euro. […]
Europeans are starting to realize how sombre the situation is for the Greek people and sympathize with their plight, says Dimitris Papanikolaou, academic from Oxford University. The austerity measures imposed on Greece have done little to get the country out of debt and a lot to dismantle welfare provisions and workers’ rights. The fight to prevent this, he says, is not Greece’s alone – the Europe we joined is a Europe that ensures the minimum of dignified life for everyone. […]
Greek Prime Minister Alexis Tsipras’ speech in Strasbourg on Wednesday did not convince Lithuanian MEPs who said they only heard excuses but not real proposals on ways to deal with the debt crisis after Greek voters turned down creditors’ demands in a referendum on Sunday. […]
Lithuanian President Dalia Grybauskaitė says that the Greek government still does not understand what may happen to the state if its authorities do not take responsibility for their actions and that the eurozone’s leaders are still “far away from” a deal with Greece to resolve the debt crisis. […]
Lithuanian President Dalia Grybauskaitė said on Monday that Greece would not leave the eurozone, but if it did, this would have no negative impact on the Lithuanian economy. […]
Greece wants to feast and to have other countries pay its bills, Lithuania’s president has said, adding that Lithuania has a tough stance towards the Greek debt crisis in particular as the country does not want, in the president’s words, to take responsibility for several decades of living beyond its means. […]
Lithuanian President Dalia Grybauskaitė, who took part in an informal meeting of the European Council on Thursday, says that all member-states of the eurozone must carry out a responsible fiscal and economic policy and Greece is no exception. […]
According to the Ministry of Finance of Lithuania, the central government’s debt in November stood at 39.7 percent of Lithuania’s total projected gross domestic product (GDP) of 2014, LTL 49.673 billion (EUR 14.39 billion). […]
International freight transportation and international trade in general is a great environment for unfair debtors to prosper. A lack of knowledge about international debt recovery is one of the main reasons why debts accumulate. […]
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