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Financial market participants beginning to assess the increasing probability of the adoption of the euro
2013 10 25
Lithuania’s objective to adopt the euro from 2015 and its possibilities to implement this objective are already being assessed by global financial market participants. The international rating agency Standard & Poor’s on Friday upgraded...
Consumers increasingly tending to apply to the Bank of Lithuania
2013 10 17
Consumers increasingly tend to settle disputes arising with commercial banks by applying for a solution to an impartial arbitrator — the central bank of the country. As consumer disputes with banks are becoming increasingly abundant, the number of...
The Bank of Lithuania will more flexibly invest foreign reserve assets
2013 10 14
In response to the recent developments in the European and global economy and financial markets, as well as having taken in into account the recommendations of the World Bank, the Bank of Lithuania has updated its financial assets management...
Balance Sheet of the Bank of Lithuania, September 2013
2013 10 14
In September 2013, external assets of the Bank of Lithuania increased by LTL 188.2 million, while external liabilities decreased by LTL 74.3 million. At the end of the month these indicators were equal to LTL 20.4 billion and LTL 118.2 million...
V. Vasiliauskas: Major direction — fiscal discipline
2013 10 11
Lithuania has good opportunities to adopt the euro in 2015, and fiscal discipline should remain the major direction of economic policy, Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, stated after a meeting with Deputy Managing...
MintWorld Compendium: the Money Museum of the Bank of Lithuania — among the top five best money museums in the world
2013 10 11
The Money Museum of the Bank of Lithuania was selected to be among the top five best money museums in the world. The scientific journal MintWorld Compendium prepared a list of the world’s top five best money museum, and this list included the...
Balance of Payments of the Republic of Lithuania, August 2013
2013 10 11
(Survey of key indicators) The surplus current account balance (CAB) which built up in August 2013 was driven by the surplus balances of services and of current transfers as well as a strong decline in the trade balance deficit. The CAB...
Lithuania’s Financial Accounts for Q2 2013
2013 10 10
In the second quarter of 2013, the annual growth rate  of Lithuania’s financial assets (4%) exceeded that of liabilities (3%). In Q2 2012, the said growth rates accounted for 5 and 3 per cent, respectively. Net acquisition of financial assets...
V. Vasiliauskas: The international environment has been changing; however, financial sector restructuring and competitiveness of the economy must remain priorities
2013 10 09
The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, on 10–12 October will participate in the International Monetary Fund (IMF) and World Bank (WB) annual meetings, which will discuss global economic development, financial...
Official Reserve Assets, September 2013
2013 10 07
At the end of September 2013, official reserve assets amounted to LTL 20.5 billion (EUR 5.9 billion). They increased by LTL 133.3 million, or 0.7 per cent in September.
Study: the long-term benefit of the adoption of the euro could significantly exceed the one-off costs
2013 10 03
Having implemented the goal of introducing the euro in Lithuania in 2015, the benefits of joining the euro area would far exceed the cost of the introduction of the single currency and additional state contributions — this is indicated in the...
Direct Investment in Q2 2013
2013 10 01
(joint press release by the Bank of Lithuania and Statistics Lithuania) The Bank of Lithuania and Statistics Lithuania inform that at the end of Q2 2013, compared to Q1 2013, cumulative foreign direct investment into Lithuania was LTL 166.9...
Monetary Survey and Balance Sheet of Other MFIs, August 2013
2013 09 27
Over August 2013, the M3 broad monetary aggregate increased by LTL 324.8 million, while their annual growth rate at the end of the month was 4.6 per cent. The growth of the M3 broad monetary aggregate was largely influenced by the increased...
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Resolutions of the Board of the Bank of Lithuania
2013 09 24
To increase the resilience of the Lithuanian financial system
2013 09 23
The International Monetary Fund (IMF) European Department mission is completing its work in Lithuania today and notes increased resilience of the financial system as one of the positive changes in the country’s economic development.
Balance of Payments of the Republic of Lithuania for Q2 and H1 2013
2013 09 20
In Q2 2013 the building up of the current account surplus of LTL 1.5 billion was driven by substantial increases in the balances of services and of current transfers. Foreign trade and income balance deficits widened marginally in this period. A...
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