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The IMF mission will begin work in Lithuania

On 17–23 September of this year the International Monetary Fund (IMF) Mission, headed by Julie Kozack, a representative of the European Department of the IMF, will begin work in Lithuania. This Mission arrives in Lithuania every half-year.

The agreement between Lithuania’s and China’s supervisory institutions made way for Lithuania’s direct investments in Chinese yuan

The ECOFIN Council meeting in Vilnius discusses a restructuring system for problematic banks

Today in Vilnius work continues at the informal European Union (EU) Economic and Financial Affairs (ECOFIN) Council meeting, where twenty-eight EU Member State central bank governors and ministers of finance have begun discussions on a common...

The heads of the central banks of the EU countries and the Vice-President of the ECB will visit the Bank of Lithuania

Today the Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, will host twenty-seven EU country central bank governors and the Vice-President of the European Central Bank, Vitor Constancio. They will all participate in the European...

Vitas Vasiliauskas: Europe needs more efficient rules for the regulation of the financial system

Today in Vilnius the informal European Union (EU) Economic and Financial Affairs (ECOFIN) Council’s meeting has begun, where ministers of finance and twenty eight governors from the central banks of the EU Member States will discuss the status of...

Balance Sheet of the Bank of Lithuania, August 2013

In August 2013, external assets of the Bank of Lithuania decreased by LTL 322.8 million, while external liabilities increased by LTL 157.0 million. At the end of the month these indicators were equal to LTL 20.3 billion and LTL 192.5 million...

At the Bank of Lithuania — a symbolic visit from the former head of the Banque de France, who had returned Lithuania’s gold holdings

Balance of Payments of the Republic of Lithuania, July 2013

(Survey of key indicators) A significant increase in trade balance deficit and a strong decline in the balance of current transfers surplus in July 2013 led to the current account balance (CAB) being in deficit of LTL 345.7 million. In June,...

Official Reserve Assets, August 2013

At the end of August 2013, official reserve assets amounted to LTL 20.3 billion (EUR 5.9 billion). In August, they decreased by LTL 327.1 million, or by 1.6 per cent.

Survey of Foreign Exchange and Derivatives Market Activity in Lithuania in 2013

The Bank of Lithuania for the fourth time participated in the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, which revealed the development of Lithuania's financial derivatives market. The Bank for International...

Monetary Survey and Balance Sheet of other MFIs, July 2013

In July 2013 the monetary financial institutions’ (MFI) net external assets increased by LTL 963.3 million and amounted to LTL 9.8 billion. Over the month, M3 broad monetary aggregate increased by LTL 303.3 million, and its annual growth rate at...

At the Bank of Lithuania, with the Governor of the National Bank of Kazakhstan, opportunities for cooperation were discussed

Price tendencies, favourable to consumers, influence much lower inflation

The less-than-expected inflation in recent months, as well as the limited unit labour cost growth and favourable global raw material price trends, promote significant reduction of the inflation forecasts. The country’s general economic development...

Balance Sheet of the Bank of Lithuania, July 2013

In July 2013, external assets of the Bank of Lithuania increased by LTL 1.3 billion, while external liabilities decreased by LTL 95.1 million. At the end of the month these indicators were equal to LTL 20.6 billion and LTL 35.4 million...

The prudential measures for credit unions, which have come into effect, started to give results

Stricter prudential requirements for the operations of credit unions came into effect this year, and the enforcement measures applied to certain credit unions decreased irresponsible crediting by the credit unions and helped ensure more...

Balance of Payments of the Republic of Lithuania, June 2013

(Survey of key indicators) The LTL 1.1 billion current account balance (CAB) surplus in June 2013 was due to the greatly increased balance of current transfers surplus and the foreign trade balance surplus. The negative value (LTL 1.8...

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