European Central Bank

Three trade unions hold rally demanding for wage raise in public sector

On Friday, three trade unions are holding a march and a rally in Vilnius city centre in solidarity with other trade unions protesting in Europe and...

Central bank’s chief says ‘light at the end of the tunnel’ after ECB latest rate hike

The governor of the Bank of Lithuania believes the European Central Bank ’s ( ECB ) latest increase of key interest rates may be the last one in efforts...

Banking sector: term deposits and profits grew, quality of loans remained stable

As a result of changes in financing conditions and uncertainty about the outlook for economic growth, the growth of the bank loan portfolio was the lowest...

Banking Association: new tax on banking sector may have negative economic consequences

The European Central Bank (ECB) has expressed its opinion concerning the proposed new tax on banks, a temporary solidarity contribution, planned to be...

For national defence – temporary solidarity contribution by banks

The Government has approved the draft Law on Temporary Solidarity Contribution prepared by the Ministry of Finance and the Bank of Lithuania aimed to channel...