Vitas Vasiliauskas EN

Lithuania's experts have named Darius Jauniskis, director of the country's State Security Department, Zydrunas Bartkus, director of the Special Investigation Service, and Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, as the most influential civil servants in Lithuania, accordi...

Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, has called on lawmakers to turn to the European Central Bank for the latter to assess plans to introduce a banking asset tax in Lithuania.

With more and more immigrants from third countries arriving in Lithuania, the country's central banker Vitas Vasiliauskas says Lithuania needs foreign workers with higher qualifications.

The ongoing trade pose a threat to Lithuania's open economy, therefore.

Vitas Vasiliauskas, the board chairman of the central Bank of Lithuania, has been named the most influential civil servant in Lithuania in the traditional elite survey, the delfi.lt news website reports on Tuesday.

Lithuania should consider expanding the real estate tax base, Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, says, doubting, however, such changes could be adopted during the existing "political cycle."

The financial market's new participants' interest in Lithuania has cooled, the head of the country's central bank Vitas Vasiliauskas says, citing discussions and doubts n the country's over the credibility of certain startups.

Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406 million U.S. dollars) in net profits in aggregate last year, the most since 2007, announced the country's central bank on Tuesday.

The cabinet’s tax and public sector policy is not contributing to resolving income inequality issues, Bank of Lithuania board chairman Vitas Vasiliauskas says.

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 recent money laundering story involving banks operating in the Baltic states has a negative impact on the reputation of the whole region's banking sector, says Vitas Vasiliauskas, board chairman of the Bank of Lithuania.

Lithuania's elite sees Darius Jauniškis, director of the State Security Department (VSD), as being the most influential among the country's civil servants and lawyers, Delfi.lt reported on Monday.

Government chancellor Milda Dargužaitė, central bank governor Vitas Vasiliauskas and public procurement chief Diana Vilytė are ranked as Lithuania's most influential civil servants, Delfi.lt reported on Monday.

Lithuania's Parliamentary Speaker Viktoras Pranckietis says he would approve introduction of new taxes in the country, noting it would not be a popular step in the society.

Lithuania's President Dalia Grybauskaitė says that the government-proposed tax changes should ensure more social justice, while the current proposals will raise heating prices and the new ceiling on social insurance payments will further increase the income of those making the highest salaries.

The accession of German-owned retail chain Lidl to Lithuania has pulled down the prices for food products in Lithuania, however, says Prime Minister Saulius Skvernelis, emphasizing they would never be as low in Lithuania as they are in the neighboring Poland.