Finance

Several new banks likely to open in Lithuania this year

Several smaller banks are likely to enter the Lithuanian market later this year, the central bank ’s board member says. These include both local and...

Banking sector profits total EUR 986mn last year

Fixed-term deposits in banks grew significantly and their interest rates went up last year, while mortgage interest margins fell, the Bank of Lithuania...

Ten Lithuanian companies earned over EUR 100mn pre-tax profit in 2022

Ten Lithuanian companies each earned more than EUR 100 million pre-tax profit in 2022, reports business news website Verslo žinios (vz.lt).

EPSO-G Group directs record investment towards energy independence

EPSO-G Group, a group of energy transmission and exchange companies, has reported that its audited adjusted net profit for 2023 amounted to EUR 24 million...

In Lithuania, 122,000 employees received minimum wage and less in October 2023

In October 2023, the number of employees receiving minimum monthly wage (MMW) and lower gross earnings in the whole economy (individual enterprises...