Economy

Lithuania’s central bank begins discussions on more efficient cash management in country

The Bank of Lithuania, seeking to make the cash management system more efficient, prepared proposals on how to optimise cash management. They are presented in the public discussion document Reform of the Cash Supply System, the Bank of Lithuania announced. […]

Economy

Lithuania’s Invalda LT signs Finasta group share purchase agreement

Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement. […]

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European Union

European Commission approves EUR 7.89bn investment programme for Lithuania

On Monday, the European Commission approved EUR 7.89 billion EU Structural and Investment Funds Programme for Lithuania. Its goal is to ensure employment and economic growth. The European Union investment constitutes approximately EUR 6.7 billion of the sum, while Lithuania’s contribution is around EUR 1 billion. […]

Economy

Snoras Bank creditors have already been paid almost 0.5bn euros

In accordance to the third payout plan approved by Vilnius Regional Court, Snoras Bank bankruptcy administrator has paid out LTL 750 million (EUR 217 million) to secondary creditor, state company Deposit and Investment Insurance. After the transaction, primary and secondary creditors of Snoras will have received a total of LTL 1.7 billion (EUR 487 million). […]