European Central Bank

Loans became cheaper in Lithuania in December 2023 – central bank

The Bank of Lithuania has published a comparison of interest rates on loans of Lithuanian and euro area credit institutions (banks and credit unions) and...

Three trade unions hold rally demanding for wage raise in public sector

On Friday, three trade unions are holding a march and a rally in Vilnius city centre in solidarity with other trade unions protesting in Europe and...

Central bank’s chief says ‘light at the end of the tunnel’ after ECB latest rate hike

The governor of the Bank of Lithuania believes the European Central Bank ’s ( ECB ) latest increase of key interest rates may be the last one in efforts...

Banking sector: term deposits and profits grew, quality of loans remained stable

As a result of changes in financing conditions and uncertainty about the outlook for economic growth, the growth of the bank loan portfolio was the lowest...

European Economy faces deeper scars amid new restrictions

Europe ’s economy, freshly battered by coronavirus restrictions, is facing a sluggish recovery next year that leaves it open to rising company failures...