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Economy

Lithuanian government okays first payment into ESM

The Lithuanian government on Wednesday, a day after the country formally joined the European Stability Mechanism (ESM), gave the green light for transferring the first tranche of paid-in capital. […]

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Economy

Lithuanian credit unions start operating at profit

Sixty-three credit unions operating under the Lithuanian Central Credit Union (Lietuvos Centrinė Kredito Unija – LCKU) earned LTL 183,000 (EUR 53,000) in profit in the first three quarters of 2014. In the first three quarters of 2013 they recorded a LTL 5.5 million (EUR 1.6 million) loss. […]

Vitas Vasiliauskas
European Union

Bank of Lithuania head: More funding options for small businesses should be available in EU

Chairman of the board of the Bank of Lithuania Vitas Vasiliauskas will take part in the meeting of the Economic and Financial Affairs Council (ECOFIN) in Milan, Italy, on 12-13 September. […]

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Economy

Losses of Lithuania’s credit unions narrow

Assets of 63 credit unions that are members of the Lithuanian Central Credit Union (LCKU) amounted to LTL 1.37 billion (EUR 397 million) by the end of the first half of 2014. The figure is 6.4 percent bigger compared with the first half of 2013 when it stood at LTL 1.29 billion (EUR 373 million). […]