Bank of Lithuania

The Bank of Lithuania has asked the Prosecutor General's Office to investigate alleged slander by a media group.

Productivity in Lithuania compared to Western European economies remains abysmally low. One of the ways to approach the problem could be by looking into ways to extend the population's life expectancy, say international experts.

Lithuania’s central bank, the Bank of Lithuania, has issued two commemorative two-euro coins with the country side minted with one of the most prominent Baltic cultural characters - Amber circle-amulet.

Vitas Vasiliauskas, the head of Lithuania's central bank, has been asked to provide an explanation to the Seimas after it was reported that he represented an offshore company linked to Russia's oligarch Nikolai Tsvetkov before becoming the head of the bank.

The leaked Panama Papers indicate that Lithuania's central bank chief once represented an offshore company linked to a Russian oligarch.

Life insurance market in Lithuania has bounced back to the levels before the 2008 global downturn, the Bank of Lithuania says.

Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, will head the bank for another five-year term.

Lithuanian commercial banks may have to accumulate additional capital buffers for risk control, said Vitas Vasiliauskas, the head of Bank of Lithuania, at the Lithuanian Banking Association conference.

Lithuanian President Dalia Grybauskaitė has nominated Vitas Vasiliauskas, the current chairman of the board at the Bank of Lithuania, for a second term in the post. The appointment has to be endorsed by parliament, the Seimas.

The Lithuanian parliament is to consider a bill allowing mergers of credit unions. The Bank of Lithuania says the measure would improve the credit unions' viability and introduce new players in the country's financial market.

Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble.