ArcaPay granted a payment institution licence in the EU

ArcaPay UAB, the subsidiary of ArcaPay Ltd, a UK-based and FCA regulated cross-border payments platform, has been granted a Payment Institution licence by the Bank of Lithuania. The company, founded in London in 2011, is […]

Vilius Šapoka

Planned tax, pension reforms require agreement, Finmin nominee

Economist Vilius Šapoka, candidate for Lithuania’s new finance minister, has so far refused to elaborate on the possible pension and tax reform, saying that all changes would need to be analyzed. […]

No Picture

Lithuanian court’s decision to allow credit companies use data on social media ‘ground-breaking’

After the Supreme Administrative Court of Lithuania recently ruled that companies can use information people share on social media to assess their credit worthiness, specialists say the decision will have a huge influence on credit prices.

To read this article, try a €5.99 monthly subscription by clicking here. […]

International Monetary Fund

IMF calls on Lithuania to reform credit union sector

The International Monetary Fund (IMF) has said Lithuania needs to carry out structural reforms to its credit unions sector. Lithuania‘s central bank said the IMF in its latest report on Lithuania said that the country’s […]