The Bank of Lithuania

Renewed credit union sector posted profits at the start of the year

The first quarter of the year was a success for the strengthened and restructured credit union sector, with its profits and the proportion of sustainable capital shares growing.

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First international Baltic Economics Conference to take place in Vilnius

The inaugural Baltic Economics Conference starts in Vilnius today, during which the Baltic Economic Association is to be established and Baltic Journal of Economics, a journal of economics in English, to become an official scientific outlet of the...

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Fast decrease in the export of goods led to a build-up of deficit on the current account balance

Balance of Payments of the Republic of Lithuania, April 2018

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Sustainable and robust growth of insurance market continues 

In the first quarter of this year, the insurance market grew by 18.3%, the premiums amounted to almost €220 million, and claims paid – €115 million.

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V. Vasiliauskas goes to high-level meetings in Washington

Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, will meet with representatives of the US Federal Reserve System, the US Department of the Treasury, and the International Monetary Fund (IMF) in Washington on 5 – 7 June, to discuss...

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The digital collector coin hackathon goes LIVE

The Bank of Lithuania digital collector coin hackathon goes live: Friday, 1 June, 6:30 pm – 7:30 pm (local time): welcome speech by Marius Jurgilas, Member of the Board of the Bank of Lithuania, team introductions and hackathon pitches....

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The digital collector coin hackathon

Aimed to propose and test the underlying technology for the digital collector coin, the Bank of Lithuania hackathon took place on the 1st and 2nd June. Eight teams from Lithuania, Cyprus and Ukraine took part in the event. To...

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Where tradition meets innovation: the digital collector coin hackathon to commemorate Lithuania’s centenary

After a two-day hackathon held in Vilnius, the Bank of Lithuania has announced the winning team – DLTeam from Ukraine. The hackathon was the first step towards creating the state-of-the-art digital collector coin dedicated to the restoration of...

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Cooperation with the National Bank of the Republic of Belarus continues

During an official meeting held today and tomorrow in Minsk, the governors of the Bank of Lithuania and the National Bank of the Republic of Belarus (NBRB) will discuss bilateral cooperation, economic development trends in the two neighbouring...

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Collector coins dedicated to Joninės feature a stylised fern blossom

On 7 June the Bank of Lithuania will issue into circulation two collector coins dedicated to Joninės (Rasos). The coins from the series ‘Traditional Lithuanian Celebrations’ will have the same design but different denominations: a €5 coin minted in...

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Deposits of Lithuanian residents with credit institutions increased

Balance Sheet of Monetary Financial Institutions, April 2018

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Licence of electronic money institution issued

The Board of the Bank of Lithuania decided to issue a license of an electronic money institution to UAB ZEN Global.

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V. Vasiliauskas: The financial system should take advantage of the economic upswing to accumulate additional buffers

The domestic financial system is stable and resistant to shocks. Lithuania’s economy is currently in an upswing: households and enterprises are getting financially stronger, lending is growing, and the real estate market remains active. Such a point...

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Bank of Lithuania presents position regarding tax and pension system reform

With the Government having launched a public consultation, the Bank of Lithuania presents its assessment of and proposals for the presented changes in the tax and pension system. The assessment relays the results of the central bank’s analysis of...

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Eight teams to participate at the Bank of Lithuania hackathon

Aimed to propose and test the underlying technology for the digital collector coin, the Bank of Lithuania hackathon, which will be held at the beginning of June this year, will bring together eight teams from Lithuania, Cyprus and Ukraine.

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