CORPORATE
household finance
CORPORATE
New consumer protections to stop hidden insurance charges on way – Lithuanian Central Bank
The Bank of Lithuania has proposed regulations for the insurance investment market, aimed at strengthening consumer protection and capping how much insurance companies can charge for asset management. […]
Economy
Economy
Lithuanians ‘missing out on lower interest rates by ignoring credit history’
Almost half of all Lithuanians have taken out loans or bought something on credit, but very few take an interest in their credit histories, something that may force them to pay higher interest rates on future loans, experts say. […]
CORPORATE
Highest monthly wage in Lithuania hits record €250k in 2015
The highest monthly salary in Lithuania last year hit €250,000 with about 200 people earning into the tens of thousands monthly according to TV3 news. […]
Economy
Credit company fined record €30k for giving loans to jobless
Lithuanian banking regulators have hit a consumer credit company with a fine of €30,000 for issuing loans to unemployed applicants, the biggest penalty of this kind to date. […]
Economy
Over half of Lithuanians stashing large amounts of money at home
Many Lithuanians are still keeping large amounts of money at home rather than lodging it in a bank, according to a new survey. […]
Economy
Lithuania’s central bank proposes to cap charges for basic banking services
The Bank of Lithuania has drafted a list of private banking services that it proposes should be made more accessible. If the proposal is endorsed by parliament, commercial banks will have to provide basic services like debit card administration, cash withdrawals and money transfers in the EEA to their clients at a fixed charge. […]
Economy
Loan insurance company to look for Lithuanian debtors in UK
The government-run company Būsto Paskolų Draudimas, or Housing Loan Insurance, will search for people who have defaulted on their loans and emigrated to the United Kingdom. […]
Economy
Most Lithuanians trust banks, but not instant credit companies
Two thirds of Lithuanians trust insurance companies and the same number of people is suspicious of instant credit companies. […]
Economy
Most Lithuanians don’t have ‘financial airbag’
The survey of financial literacy commissioned by the Bank of Lithuania has revealed that Lithuanians have only partially learned the lessons of the previous financial crisis. In case of losing the source of income, 30 percent of the polled said they would successfully cover living expenses for at least three months, while 29 percent – for a month. […]
Economy
Half of Lithuanian households would struggle to cover unplanned expenses
Although more than half of Lithuanians believe their knowledge of personal finance planning is “good” and a third think that it is at least “average”, as many as 45 percent of those surveyed would have difficulties to pay for unexpected expenses of up to EUR 300. […]
Society
More than half of married women in Lithuania feel financially insecure
Fifty-five percent of women in Lithuania who are married or have a partner feel financially insecure. The main factor of the insecurity is the lack of a financial back-up plan, according to a survey of married women commissioned by Lithuanian Life Insurance Companies’ Association and carried out by pollster Spinter Tyrimai. […]
Uncategorized
Lithuanians spend less on food than Latvians or Estonians
A study of the expenses of households carried out by Swedbank’s Institute of Private Finances has revealed that Lithuanians spend less money on food than Latvians and Estonians. A family of four people that lives in Vilnius spends EUR 291 per month on recommended food products. The same food products cost in Riga by 7.2 percent more – EUR 312, whereas in Tallinn by 2.7 percent more – EUR 299. […]
Economy
1 in 10 Lithuanians feel positive financial changes, survey shows
One in ten respondents in Lithuania reported that the economic situation of their household and the country as a whole has improved over the last two months. […]
Economy
Euro did not change Lithuanians’ household finance management habits
A telephone poll conducted by the company Provident Finansai revealed that the introduction of the euro did not change habits of personal financial management of many Lithuanians with lower income. […]
Economy
Economy
Economy
Economy
One in ten households in Lithuania financially better off than a month ago
In November, one in ten Lithuanians said that their household’s financial situation had improved. Five out of ten said it had not changed, while the rest maintained that their household’s finances took a turn for the worse. […]