The European Central Bank‘s support to Greek banks, the so-called Emergency Liquidity Assistance (ELA), is likely to continue, the Lithuanian central bank governor said on Tuesday. […]
After negotiations between Greece and its international lenders failed, the country’s future in the eurozone may not be settled until this autumn, says Lithuania’s Finance Minister Rimantas Šadžius. Asked to comment whether Greek banks will open on Monday, the minister said he was not sure. […]
The Bank of Lithuania forecasts that this year, due to the worse situation of exporters, the country’s GDP will grow 2 percent. The previous forecast was 2.7 percent. Next year, economic development is projected to accelerate to 3.4 percent (the previous projection was 3.5 percent). […]
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. […]
Lithuania’s Finance Minister Rimantas Šadžius does not expect any fast-track solutions to be found in negotiations between the European Union (EU) and Athens on Greece’s financing, which would help the country avoid a debt default. […]
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. […]
The period of dual circulation of litas and euro cash in Lithuania ended on 15 January. […]
On Wednesday, 7 January, Lithuania’s entry into the eurozone was a cause for celebration in the US capital. During a very well attended ceremony at the EU Delegation Lithuania was fêted as the 19th euro area member. […]
The first day of this year is the first day of Lithuania with the euro. It is an unavoidable fact, although probably everyone is already tired of hearing the word euro. I must admit: it is certainly much better that the euro is not in everyone’s lips but in everyone’s pockets. Soon enough the currency change fever will go down and we will be less concerned with the pros and cons of having the euro than with having as many euros as we can. […]
Lithuania’s government hopes that the euro adopted on Thursday will guarantee economic and political security for Lithuania, while the neighboring countries see the accession as an achievement of the entire euro zone. […]
In less than three weeks after the Euro Exhibition opened in Vilnius, the number of its visitors has exceeded 10,000. […]
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. […]
The European Central Bank (ECB) has set minimum reserve requirements for banks in Lithuania, the Bank said on Friday. […]
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. […]
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. […]
Lithuania shall maintain compliance with the Maastricht criteria after the entry to the euro area, president of the European Central Bank (ECB) has said. […]
The central Bank of Lithuania has signed an agreement to acquire euro banknotes from the German central bank, Bundesbank. […]
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