Lithuanian Prime Minister Saulius Skvernelis says that his government experienced pressure to introduce a blanket tax on real estate, describing its current proposal as a compromise.
Bank of Lithuania
285 straipsnių
The Bank of Lithuania says that last weekend's hackathon showed that it is possible to develop a digital collector coin.
As Lithuania's population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on Friday.
A proposal to increase the minimum wage by 20 euros to 420 euros next year has reached Lithuania's Tripartite Council which is set to make the decision later.
Experts predict that the wave of emigration from Lithuania will this year be smaller than in was in 2017, while immigration into the country will grow, shows a survey conducted by BNS.
The Lithuanian central bank has initiated a dialog between commercial banks and virtual currency traders on their attitudes toward cryptocurrencies.
Risks in connection to investments in the rapidly growing sector of financial technologies, also known as fintech, are under control, and the licensing requirements remain high, the central Bank of Lithuania said on Monday.
The Bank of Lithuania is planning to issue this year the world's first digital collector coin, to be designed using blockchain or similar technologies.
The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 1...
As it is almost clear that that UK banks, investment managers, payment service providers and other financial institutions will lose their “passporting rights” to do business in the European Union, Lithuania competes in attracting international financial companies leaving the UK. The Northern country...
Three years after Lithuania switched to the euro, people in the country and abroad still have over 469 million litas worth of notes and coins, accounting for some 8 percent of the former national currency in circulation as of Jan. 1, 2015, the central bank said.
Hot on the heels of issuing of the Europe’s fastest e-money (EMI) license to the numerous global tech companies, Lithuania has announced it will host Europe’s first international Blockchain Centre. The Centre’s mission: to unlock economic and social value by applying blockchain technology to busines...
20 Lithuanian companies of financial technologies merged into the association “Fintech Lietuva”, the establishment of which has been encouraged and supported by the Ministry of Finance, Bank of Lithuania and other public authorities.
Government chancellor Milda Dargužaitė, central bank governor Vitas Vasiliauskas and public procurement chief Diana Vilytė are ranked as Lithuania's most influential civil servants, Delfi.lt reported on Monday.
Lithuania's President Dalia Grybauskaitė says that the government-proposed tax changes should ensure more social justice, while the current proposals will raise heating prices and the new ceiling on social insurance payments will further increase the income of those making the highest salaries.