At its annual meeting on Tuesday in Vilnius, the Board of Governors of Nordic Investment Bank (NIB) decided to resume dividend payments to the Bank’s Nordic and Baltic member countries, writes the Baltic Course. The total dividend for the year 2012 amounts to EUR 52 …
Although a large share of households every month are able to put away a part of their money for savings, more than half of families do not plan their monthly earnings and expenses, writes the Baltic Course with reference to the news agency ELTA. This …
Kaunas regional court, after considering the statement of the applicant – Lithuanian bank, on Thursday opened insolvency proceedings to bank Ūkio Bankas, the Baltic Course reported with reference to the news agency ELTA. Following the ruling of the court, company Valnetas was appointed as bankruptcy …
According to the Baltic Course and Statistics Lithuania, based on the data of the 2011 population and housing census of the republic of Lithuania, reports that a wage or salary was the main source of livelihood in 2011. During the census, residents were asked to …
Vilniaus taupomoji kasa (VTK) may attempt to become the first credit union in Lithuania to transform into a fully-fledged bank. VTK today is the country’s biggest and one of the oldest credit unions, Baltic Business News reports with reference to news2biz Lithuania. In 2012, VTK …
Having considered the referral of the chairman of the Bank of Lithuania, Vitas Vasiliauskas, President Dalia Grybauskaitė has appointed a new member of the Board of the Bank of Lithuania – Marius Jurgilas, writes www.delfi.lt. This candidacy was approved by the Advisory Council, made up …
BNS Leaders of the financial centre of the City of London, currently visiting Lithuania, said they did not believe the European Union (EU) would introduce the financial transaction tax, which has been proposed by the European Commission and already taken to court by Great Britain. …
BNS Vladimir Romanov, the former majority owner of Lithuania’s collapsed Ukio Bankas, may be named a suspect in a pre-trial investigation into large-scale asset embezzlement at the bank, Kęstutis Jucevičius, the director of the Financial Crime Investigation Service (FCIS), has said. “It’s quite possible. He …
According to new portal the Baltic Course, after assessing the interim report on the financial standing of the notorious bank Ukio Bankas, presented by its Temporary Administrator, according to which the bank’s assets are less than its liabilities, the Board of the Bank of Lithuania …
BNS Lithuania has left the club of the most risky sovereigns and is gradually getting closer to the countries with low default probability, the Verslo Zinios business daily reports on Thursday. The country’s five-year Cumulative Probability of Default (CPD) reached 8.3 percent, CMA said its …
The decreasing foreign trade deficit of Lithuania was offset by the current transfers balance, which had gone from surplus to deficit,The Baltic Course and the news agency ELTA report, referring to the Bank of Lithuania. As a result, in February 2013 there continued to be …
According to the Baltic Business News (www.bbn.ee), ‘Swedbank’ has decided to discontinue its remaining operations in Ukraine and Russia, said the bank. “This is the final step in our strategy to concentrate ‘Swedbank’s’ business activities to Sweden and the three Baltic countries. The executive management …
Karmo Tüür, political scientist of the University of Tartu, believes that the estimated 10 billion euros that were withdrawn from Cyprus before the country went into crisis its bank accounts did not move back to Russia, but is flowing into Baltic states, bbn.ee reported referring …
The ‘Pohjola Bank plc’ – part of the largest Finnish financial services group ‘OP-Pohjola Group’ – has started its operations in Vilnius today. The company is set to provide loans to business customers, as well as payment and liquidity management and leasing services. The Finnish …
BNS Trust in the majority of institutions in Lithuania grew in March but banks saw public trust in them drop, a recent survey showed. According to the results of the survey carried out on Mar 8-17 by public opinion and market research company Vilmorus for …
SEB Bankas, Lithuania’s biggest bank by assets, is to lend 75.3 million euros to the state-controlled electricity distribution company Lesto. Lesto on Mar. 5 sent a notification to SEB about its intentions to sign an agreement, according to the central public procurement portal Cvpp.lt. SEB won …
During the period of 2000-2011, the largest effect of EU investments was noted in Lithuania’s economy. EU investments there formed 1.8% of GDP per period. On top of that, Lithuania’s GDP per capita increased from 40% of the average EU index in 2000 to 66% …
The Nordic Investment Bank (NIB) and the Klaipeda State Seaport Authority have signed a EUR 44 million loan agreement for investment projects in Klaipeda Seaport, lifting a major bottleneck to trade and expansion in the region, according to NIB, cited by bbn.ee. The scope of …
The terms of the Bank of Lithuania board of administration chairman’s assistant and two members of the board are ending this year. Unofficially it is said that soon the ex-Minister of Finance, Ingrida Šimonytė, may take one of the places, DELFI reported. According to Lietuvos Žinios, on Thursday Audrius …
Lithuania’s Finance Minister Rimantas Sadzius has admitted that, following collapse of banks Snoras and Ukio, the government is thinking about barring budgetary institutions and companies from juggling money received from the state. Speaking during the first meeting of the spring session on Sunday, he informed …
