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CORPORATE

€2.7m embezzlement suspected at Lithuanian credit union

Financial crime investigators suspect that €2.7 million could have been embezzled from the credit union Amber. One of its top managers was detained on Tuesday. Officers of the Financial Crime Investigation Service (FNTT) searched the […]

CORPORATE

Borrowing by small businesses doubles in Lithuania

The first quarter of 2016 saw increased borrowing by small businesses, improved corporate credit ratings and growing productivity. Farmers, retailers and manufacturing companies were the most active borrowers among small businesses, says Swedbank. Swedbank’s loans […]

International Monetary Fund
CORPORATE

Ukraine ‘to get $1.7bn funding from IMF within months’

The International Monetary Fund may resume credit to Ukraine in the coming months, according to the international rating agency Moody’s. In its review, Moody’s noted the Ukrainian government’s progress in reforming the country’s economy and […]

Economy

Lithuanians prioritize insuring possessions over life

Life insurance market in Lithuania has bounced back to the levels before the 2008 global downturn, the Bank of Lithuania says. […]