Economy
DNB Bank
CORPORATE
What will drive the Lithuanian economy this year?
A growing economy not only strengthens a country‘s image abroad, but also means better living conditions for its people. Lithuanian economists predict that this year the Lithuanian economy will grow far more rapidly than last year. Exports, however, will not be the main factor of this. […]
Economy
Economy
Economy
CORPORATE
Why is the European Commission repeating its recommendations for Lithuania?
The recommendations submitted to Lithuania by the European Commission are largely the same as they’ve been over the last few years, pointed out Swedbank economist Nerijus Mačiulis. According to him, this shows that Lithuania’s reforms […]
Economy
CORPORATE
Vilnius bypass construction may be halted
Vilnius residents and visitors are constantly caught in traffic jams in the city’s main streets, and it has been promised that the Vilnius bypass currently being built will reduce them. However, the construction of this […]
CORPORATE
Why Lithuania’s tax system is increasing inequality
Lithuania’s taxation system is conducive to social inequality with a disproportionate burden falling on labour income, and taxes on capital half that of the European Union average, according to leading economists. […]
CORPORATE
Economy
Scandinavian banks lose interest in Lithuania due to low returns
Scandinavian banks are no longer interested in expanding lending in Lithuania due to falling returns, said Stasys Kropas, the president of the Association of Lithuanian Banks. […]
CORPORATE
Economy
Tax and legal changes to drive growth in 2016
With the new year will come new changes to Lithuania’s tax codes and other laws that will change residents’ everyday lives and hopefully propel the country towards continued growth. […]
Economy
Economic growth widens income gap in Lithuania
While average pay in Lithuania has been growing uninterruptedly for some years now, part of the population still have not felt much improvement in their financial lot. […]
Economy
Politics
Lithuania’s Labour Party holds rally to protest ATM fees
On Friday, representatives of the Labour Party held a symbolic rally outside the Vilnius headquarters of the biggest commercial banks operating in Lithuania – SEB, Swedbank and DNB. […]
Economy
Prospects for Lithuanian exporters improving, DNB says
Bank DNB analysts say that it is clear when evaluating Lithuania’s short-term export prospects that the first six months of 2015 will be the hardest. Producers who incurred losses due to harsh sanctions imposed by Russia are now reorienting towards new markets and reforming their business models. […]
Economy
Economy
Lithuanian business start-ups to expand despite slowing economy
With the country’s economy growing slower than expected, most business start-ups in Lithuania are taking advantage of the situation in the domestic market. While the country’s largest companies are estimating the consequences of Russia’s embargo, Lithuanian business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement. […]
Economy
ECB stress test finds Lithuania’s banks secure and reliable
The three largest banks operating in Lithuania – SEB bank, Swedbank and DNB bank – have very solid capital buffers and assess risks conservatively enough. This became clear after the European Central Bank (ECB), in cooperation with the Bank of Lithuania, inspected the asset quality of the three commercial banks and performed stress testing, the country’s central bank said in a report on 26 October. […]