Bank of Lithuania

The Center for Excellence in Finance and Economic Research (CEFER), established by the Bank of Lithuania and Vilnius University, the largest public university in Lithuania, aims to:

  • Raise the quality of economic and financial sciences in Lithuania
  • Encourage quality discussions on relevant economic and financial issues
  • Educate the public
  • Enhance the image of the Bank of Lithuania as a centre of excellence in economics and finance


Povilas Lastauskas, PhD (Cantab)

Director of CEFER

Lithuanian and foreign economists who work at CEFER conduct economic and financial research. The researchers aim to apply their academic knowledge in creating innovative research methods that would allow addressing relevant issues creatively. Scientific research is an integral part of Bank of Lithuania activities and its decision-making process.

The CEFER team avidly seeks to publish scientific research papers in major internationally-acclaimed peer-reviewed journals and present their research results to the academia. To this end, CEFER researchers attend various international events, hosting renowned researchers specialising in relevant fields of economics and finance. CEFER organises international conferences on economic issues, bringing together highly-experienced economists from Europe, North America and Asia.

Publications of CEFER employees are available on the Bank of Lithuania website.

Last update: 15-05-2019