Finance

In the euro area the government deficit to GDP ratio declined from 3.7% in 2022 to 3.6% in 2023, and in the European Union (EU) it increased from 3.4% to 3.5%, reports Eurostat, the EU’s statistical office.

Several smaller banks are likely to enter the Lithuanian market later this year, the central bank’s board member says. These include both local and foreign financial companies.

Fixed-term deposits in banks grew significantly and their interest rates went up last year, while mortgage interest margins fell, the Bank of Lithuania said Thursday.

С 28 марта билеты на поезда жители смогут приобрести не только в кассах на вокзале или по интернету, но и в киосках Lietuvos spaudа и в Narvesen. С 16 апреля билеты на поезда будут продавать во всех терминалах Perlas.

Ten Lithuanian companies each earned more than EUR 100 million pre-tax profit in 2022, reports business news website Verslo žinios (vz.lt).

EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million and remained stable compared to EUR 24.7 million in 2022. The Group’s investment in projects to strengthen energy independence was a record of al...

In October 2023, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises included) amounted to 122 thousand and it was 10.2 percent of total number of employees (0.5 percentage point more compared to October 2022). The majori...

The Constitutional Court ruled Thursday that the pension accumulation law restricted the ability to withdraw money from pension funds and thus violated the Constitution.

Bendrovės „Neo Finance“ grynasis pelnas pernai išaugo 184 proc., nuo 103,9 tūkst. Eur 2022 m. iki 295,5 tūkst. Eur.

Law enforcement has detained and questioned Šarūnas Stepukonis, former partner of BaltCap Infrastructure Fund suspected of misappropriation of millions of euros, reports news website 15min.lt.

Former partner of BaltCap Infrastructure Fund, Šarūnas Stepukonis, might have gambled away millions of euros of the fund’s money by forging documents and lying. This was revealed in an interview to BNS by Simonas Gustainis, managing partner of BalCap private equity fund.

BaltCap private equity fund, the concessionaire of the National Stadium in Vilnius, which is undergoing construction, has confirmed that it is looking for an investor for this project, reports Verslo žinios.

In 2022, Thermo Fisher Scientific Baltics, Vilniaus prekyba and SEB were among the top profit earning companies that paid out the highest dividends, reports business news website vz.lt (Verslo žinios).

Medicinos bankas will change its name becoming Urbo bankas on 1 February. The decision was made at an extraordinary general meeting of shareholders on 29 January.

Swedbank has reported a net profit of EUR 361 million in Lithuania last year, which is 152% more than in 2022. The rise in the profit is due to significant growth in the corporate loan portfolio, high private client activity, the European Central Bank’s monetary policy and other reasons, the bank sa...

SEB Lithuania has published its latest economic projections on Tuesday. The bank upheld its previous forecast of 1.5% gross domestic product (GDP) growth for Lithuania in 2024 and 2.8% for 2025. Earlier projections were originally issued in November 2023.

Medicinos bankas plans to change its name in the first quarter of 2024, to expand the range of financial services to residents and to increase business client financing portfolio.

The latest report by the Organisation for Economic Co-operation and Development (OECD) indicates that Lithuania ranks last in the net pension replacement rate – net pension entitlement divided by net pre-retirement earnings – reports public broadcaster LRT.

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.

Lithuania on Friday sent in its official application to host the Anti-Money Laundering Agency (AMLA) to the European Commission, the Finance Ministry reports.