Lithuanian Prime Minister Saulius Skvernelis said on Tuesday he has no confidence in Vitas Vasiliauskas, the central bank governor.
Committee on Budget and Finance
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The Bank of Lithuania's board chairman Vitas Vasiliauskas has no plans to resign amid a parliamentary initiative to voice no-confidence in the central banker and calls for him to step down.
Members of the Lithuanian parliament's Committee on Budget and Finance (CBF), which is looking into the circumstances surrounding the 2009-2010 economic crisis, say the European Commission and the European Central Bank (ECB) should have contributed more to assessing the causes and effects of the glo...
The chairman of the Lithuanian parliamentary Committee on Budget and Finance (CBF), which is looking into the circumstances and consequences of the 2009-2010 crisis, expects to meet with the heads of Sweden's central bank and financial watchdog during his visit to the country next week.
The Lithuanian parliament's Committee on Budget and Finance (CBF) decided on Wednesday to propose that the Seimas ask a special government commission to look, for the third time, at whether the UK-based fintech startup Revolut meets national security interests.
The head of a Seimas committee investigating the circumstances that led to the 2009-2010 economic crisis in Lithuania proposes to ask prosecutors to look into whether the Bank of Lithuania properly supervised commercial banks which could have manipulated Vilnius interbank offered rates (Vilibor) dur...
Lithuanian commercial banks might have manipulated Vilnius interbank offered rates (Vilibor), which were used as the benchmark for lending in the litas, during the 2009-2010 economic crisis, Stasys Jakeliunas, chairman of the Seimas Committee on Budget and Finance (CBF), said on Tuesday.
Last year, bank profits were the largest since 2007 and their incomes were built by loan interest payments. Is the Lithuanian banking system stable and do the citizens actually receive the best possible services? Bank Association president Mantas Zalatorius and Seimas Budget and Finance Committee ch...
The Lithuanian Social Democratic Labour Party could back the presidential bid of Prime Minister Saulius Skvernelis if he chose to run for president, however the party is also considering the candidacies of Minister of Foreign Affairs Linas Linkevičius and former Prime Minister Algirdas Butkevičius, ...
The Seimas Committee on Budget and Finance will request President Dalia Grybauskaitė to answer questions on the financial crisis. She will be sent questions about the actions of commercial banks and the Bank of Lithuania by committee chairman Stasys Jakeliūnas. Former Prime Minister Andrius Kubilius...
There is too great a concentration of Swedish banks in Lithuania, thus one of them should be sold. This was a statement by Seimas Budget and Finance Committee chairman Stasys Jakeliūnas on Wednesday. SEB bank and Swedbank – these are namely two Swedish capital banks operating in Lithuania and other ...
Lithuania's central banker says he sees no clear signs of an upcoming new economic crisis but warns about slowing growth.
The Bank of Lithuania could have tightened supervision rules for the banking sector before the last crisis but failed to do so, Vitas Vasiliauskas, chairman of the Bank of Lithuania, says.
The Lithuanian parliament overturned on Thursday President Dalia Grybauskaitė's veto of amendments tightening the requirements for the construction of waste-to-energy plants, leaving in place the legislation it passed in September.
The Lithuanian government does not propose to increase the taxation of real estate, at least not for now, but it may ask the Seimas to tax polluting vehicles.
Economist Gitanas Nausėda, leaving the position of advisor to SEB bank president, plans to announce his decision on whether he will run for Lithuanian president soon.
Lithuania's three-year tax system reform on Tuesday passed the second reading in the Seimas.
The Lithuanian parliament on Friday took another step toward adopting a part of the government's proposed tax reform package, including setting a ceiling on social insurance contributions, shifting a part of these contributions onto the employee and taxing it at 19.5 percent, and using only central ...