Ahead of Lithuania’s accession to the euro zone and transition to the euro, Latvian chocolate factory Laima has produced a new end-year souvenir – 80,000 units of a chocolate bar branded Dvidešimt Litų (Twenty Litas), this way honouring the outgoing national currency of Lithuania, marketing manager at NP Foods Maija Brukle said. […]
On 31 December, the last day of 2014, interbank payments in the litas will be carried out only until 1 PM – at that time execution of payments will be stopped in the Bank of Lithuania systems that are used by banks. Interbank payment orders for the same day operations will be accepted until 12 PM 31 December. […]
In less than three weeks after the Euro Exhibition opened in Vilnius, the number of its visitors has exceeded 10,000. […]
The third and final shipment of euro banknotes was flown from Germany to Lithuania on Wednesday. […]
Starting in January, 330 post offices across the country will exchange cash litas to euros free of charge for a period of 60 days. To handle the extra workload, Lithuania Post will hire 75 employees throughout the country, the company said. […]
Lithuania’s real economy is experiencing a state similar to that of an airplane passenger who was warned by the pilot about upcoming turbulence – the feeling is definitely not the best, yet there is no need for an oxygen mask, says financial analyst Gitanas Nausėda, advisor to the SEB bank president. […]
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. […]
Residents of Lithuania are more worried about growing prices after the euro adoption than Latvians and Estonians were. […]
The European Central Bank (ECB) has set minimum reserve requirements for banks in Lithuania, the Bank said on Friday. […]
Prime Minister has apologized to the residents of Vilnius for traffic disruption caused by the delivery of the first batch of euro banknotes during Wednesday rush hour. […]
More than a quarter of Lithuanians expect the euro to bring direct benefits to them, such as creating more jobs in the country, increasing wages, bringing down costs of borrowing and currency exchange. […]
The first batch of the Lithuanian euro coins left the vault of the Bank of Lithuania on 6 October. It is designated to one commercial bank, which was the first to take 2-euro coins for EUR 45,000, the central bank said in a statement on Monday. […]
Fitch Ratings has affirmed Lithuania’s Long-term foreign and local currency Issuer Default Ratings (IDR) at A-. The outlooks are stable, the rating agency said in a statement, Reuters quotes Fitch. […]
Since the beginning of September, the State Consumer Rights Protection Authority (VVTAT) has received more than 150 complaints related to the Euro adoption. […]
The Euro area’s Economic Sentiment Indicator (ESI) fell to 99.9 in September, as compared to 100.6 in August, the European Commission said on Monday. […]
Lithuania, which is rated at Baa1 on Moody’s rating and at A- by both Standard and Poor’s and Fitch, has sent a request for proposals for a new Eurobond issue, according to Reuters sources. […]
Mario Draghi, President of the European Central Bank (ECB), has handed a symbolic “Euro Star” to Vitas Vasiliauskas, the governor of the central Bank of Lithuania, on the occasion of Lithuania’s upcoming accession to the euro area. […]
The European Union (EU) and the euro area may help Lithuania shield itself from Russia’s economic sanctions or outweigh those measures, president of the European Central Bank (ECB) believes. […]
The Lithuanians have slightly warmed up towards the euro, which the country will adopt next year, a recent Eurobarometer survey shows. […]
Copyright © 2026 | MH Magazine WordPress Theme by MH Themes