European Central Bank

56 articles

Lionel Laurent

When economic historian Charles Kindleberger charted the rise of financial centers around the world in 1973, he doubted London could take the top spot in Europe’s growing union of states: “Sterling is too weak, and British savings too little.” Instead, after assessing various cities’ economies of sc...

25.10.2020, 04:45

PayRay, a Lithuanian financial sector company, has started a new page of its business service activities. It has now begun operating as a bank and will soon start collecting deposits, as well as further focusing on developing capital financing solutions for businesses, the company announced in a pre...

15.10.2020, 09:51

Moody's Investors Service has upgraded Lithuania's long-term credit rating's outlook from stable to positive. And S&P Global Ratings once again affirms it’s A rating with a stable outlook.

26.08.2019, 11:37

Stasys Jakeliunas, former chairman of the Lithuanian Parliament’s Committee on Budget and Finance, plans to ask the government to appeal against prosecutors' decision not to defend the public interest in regard to alleged violations linked to a sharp increase in the Vilnius Interbank Offered Rate (V...

05.08.2019, 19:12

The US private equity giant Blackstone Group's acquisition of a majority stake in Luminor, one of the largest pan-Baltic banks, is likely to be closed in the second half of 2019, rather than in the originally planned first half of the year.

02.05.2019, 16:51

Prime Minister Saulius Skvernelis believes that another review is needed to determine if Revolut, a UK-based fintech startup that is setting up a specialized bank in Lithuania, meets the country's national security interests.

25.04.2019, 12:20
Media Briefing

A month ago, Lithuania was the first country in Europe to grant a specialised banking license to the company Revolut, which caused member of Seimas Stasys Jakeliūnas suspicions. The MP contacted the Financial Crime Investigation Service (FNTT) and State Security Department (VSD), asking them to chec...

23.01.2019, 15:43

On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through the Bank of Lithuania to engage in specialized banking activities. The provision of services is planned to start in June 2019.

17.12.2018, 12:16
Dario Cavegn, ERR News

The Netherlands is building new coalitions within the EU to compensate for the loss of the UK as the union's main free trade champion, and has found partners in the Baltic States. At the same time, a domestic policy issue involving gas supplies and the Dutch stance on Russia have the potential to pu...

14.06.2018, 14:12
the Lithuania Tribune, LRT

Growing consumer prices have irked many in Lithuania a year and a half after the country switched to the euro. While the prime minister has blamed it on retailer mark-ups, economists point to other reasons.

05.05.2016, 08:05

Lithuania's economy will grow by 2.8% in 2015 despite a range of headwinds, driven on by increased consumer spending, low oil prices and a recovering Eurozone, according to SEB Bank’s latest projections.

15.01.2016, 09:24
LT Daily

Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers.

21.12.2015, 16:07

On 19 November, a shipment of euro banknotes arrived in Vilnius International Airport. From there, the euro banknotes, with a police escort, were safely delivered to the Bank of Lithuania's vaults, the country's central bank said.

20.11.2015, 12:17