299 articles
The Nemunas Dawn party plans to table a bill to extend the temporary bank solidarity contribution until 2029, but the Bank of Lithuania disagrees with the idea and stresses that this would deviate from the original goal of taxing extra banking profits caused by exceptional macroeconomic conditions. ...
The corporate income tax payable by the Bank of Lithuania to the state budget for 2024 has increased ninefold to EUR 130 million. The information was presented by Gediminas Šimkus, chairman of the Board of the Bank of Lithuania.
The Bank of Lithuania estimates that Lithuania’s economic growth might slow down by up 1% of GDP over the next 4 years a result of US tariffs on the European Union.
The Bank of Lithuania has published its latest economic forecast, projecting Lithuania’s gross domestic product (GDP) to grow by 2.9% in 2025, and 3% both in 2026 and 2027.
The Bank of Lithuania said in a statement Monday that credit institutions providing the basic payment account service to residents are required to provide information about the service on their websites and mobile apps in a clear and comprehensible manner. The said information includes the compositi...
The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for December 2024, which show that overnight deposits of Lithuanian households held with credit institutions rose by 6.8% and deposits with agreed maturity went up by 1.6%, the central b...
On Friday, President Gitanas Nausėda met with the head of the Bank of Lithuania to discuss potential revenue sources to boost defence funding. The president will propose to change legislation to increase the contribution of the Bank of Lithuania to the state budget to meet the growing defence needs....
President Gitanas Nausėda will propose to change legislation to increase the contribution of the Bank of Lithuania to the state budget to meet the growing defence needs.
The Bank of Lithuania on Friday released the balance of payments data for the third quarter of 2024, which shows that the surplus on the current account balance (CAB) declined by 20.0%, compared to the second quarter of 2024, and stood at EUR 498.6 million, or 2.4% of gross domestic product (GDP). T...
Lithuania’s economy has withstood the shocks of the recent few years and come back on track of growth, the central bank says.
Lithuania’s central bank has revoked the electronic money institution licence of Foxpay for gross and systemic violations of laws on anti-money laundering and counter-terrorist financing, protection of client funds and other legislation.
The Bank of Lithuania on Friday restricted the activities of payment processor Kevin EU until further notice.
On Monday, President Gitanas Nausėda accepted the resignation of member of the Board of the Bank of Lithuania Jurgita Šaučiūnienė.
The Bank of Lithuania on Friday announced to have restricted activities of financial technology company Foxpay and appointed a temporary representative to supervise its activities.
The Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in March 2024. Charts include euro area countries whose data are published on the website of the Europea...
The European Central Bank (ECB) is expected to cut interest rates by 25 basis points in June, says the board chairman of Lithuania’s central bank.
The Bank of Lithuania notes that Estonian authorities were responsible for overseeing BaltCap Infrastructure Fund, whose former partner is suspected of embezzling and gambling away millions of euros of the fund’s money. Managing Partner of BaltCap equity fund Simonas Gustainis describes the situatio...
The Bank of Lithuania has published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and deposits with agreed maturity (term deposits) in December 2023.
Lithuania is a priority market for Poland’s commercial banks, claims Lithuania’s Minister of Finance Gintarė Skaistė as the Government continues its efforts to attract a new foreign bank to set up shop in the country.
The Bank of Lithuania has announced that customers will be able to make instant payments during the upcoming holidays Most residents using payment services will be able to make instant payments to an account with another bank or electronic money institution (EMI) in a few seconds, the central bank s...
