Economy
Lithuania ‘can have surplus budget’ this year
Lithuanian Finance Minister Rimantas Šadžius says that the government could finish the year with extra funds in the state coffers. […]
Finance
Defence
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 […]
CORPORATE
Salaries in range of Lithuanian sectors catching up to competing countries
While the average monthly salary in Lithuania is still the lowest of comparable countries like Hungary, Slovakia, Poland and the Czech Republic, wages in the IT, banking, retail sales and human resources fields are now […]
CORPORATE
Lithuania’s banks boost profits despite low interest rates
The beginning of this year has been successful for Lithuania’s banking sector, with most banks reporting profit growth despite historically low interest rates. Finance expert Mantas Valužis said that the good results are surprising given […]
CORPORATE
Are Lithuania’s regions benefiting from economic growth?
Despite the Lithuanian economy growing for six consecutive years, the gap between regions in the country is not decreasing, according to the Swedbank Finance Institute’s annual comparative analysis of municipalities. “Along with economic exclusion, social […]
CORPORATE
Credit unions oppose regulation aimed at solidifying the market
Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market. The Ministry of Finance drafted the law in response to a series of bankruptcies three years ago […]
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. […]
CORPORATE
Lithuania in world‘s top 10 for leasing finance
Lithuania has the ninth highest level of leasing finance in the world with lease agreements signed amounted to more than a billion euros last year in Lithuania. A third of leasing finance was used for […]
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
Negative interest forces SEB Bank to raise cash service prices
The Lithuanian branch of Sweden’s SEB Bank has announced that its clients will have to pay more for many of the services as of June. This way, the bank’s clients are to shoulder some of […]
CORPORATE
Lithuanian pension funds report losses
The first quarter of 2016 has been tough for Lithuania’s private pension funds, most of which suffered losses, except for the most conservative ones, LRT reports. Fund managers say it has to do with the […]
CORPORATE
Lithuania has potential to be ‘centre of digital currency’
Lithuania has the opportunity to become one of the leading crypto-financial centres in the world, said experts at the International Bitcoin Conference on Friday. “I will dare say that Lithuania is among the top five […]
CORPORATE
Number of Lithuanians without a bank account increasing rapidly
The number of Lithuanian citizens without bank accounts or other payment facilities has grown rapidly in Lithuania over the past three years, with the largest increase in the past year. A Bank of Lithuania survey […]
CORPORATE
Lithuania first in world to regulate peer to business lending
Lithuania is soon to become the first country in the world to regulate lending between enterprises and their customers. “There are many countries which have similar borrowing alternatives, but they do not have regulation. We […]
CORPORATE
Economy
Finance minister prefers across-the-board VAT cuts to exemptions on food
Lowering the value-added tax (VAT) rate for all goods and services would be preferable to exemptions on select products, like food, Lithuania’s Finance Minister Rimantas Šadžius. […]
Economy
CORPORATE
Global Finance names Šiaulių bank best bank in Lithuania
Šiaulių bankas was rated as the best bank in Lithuania in 2015 by the international business and financial magazine Global Finance which has been listing the best banks of the Central and Eastern European growing markets for 23 years. […]
Economy