Bad news for borrowers: ECB has decided on interest rates
As predicted, the European Central Bank (ECB) decided on Thursday to raise the three main interest rates by 25 basis points (0.25%).
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Nerijus Mačiulis. Why is the ECB raising interest rates and what to expect next?
Today, the European Central Bank (ECB) raised the key interest rates, on which Euribor also depends, to 2.5 percent. What are the reasons behind this decision and why do the markets…
STT: Completed Vilnius region waste investigation – accusations against former VAATC employees, company
The law enforcement has completed the pre-trial investigation and handed over the criminal case to the court regarding systemic corruption and financial criminal schemes in managing waste in the Vilnius region.
„Ekobana“ received a 25 million euro order in the „Harmony Link“ project
Lithuanian solutions company for industry and energy, “Ekobana”, having won an international competition, will supply five special autotransformers for 24.9 million euros (excluding VAT)…
„Volkswagen“ postpones 16 billion euros for layoffs and possible factory closures
The German automobile manufacturing giant “Volkswagen” estimates that the total costs associated with staff reductions and possible factory closures, which are part of last week’s…
Vaidas Žagūnis. Business moods at the beginning of autumn: what does the new season promise for companies?
Autumn for business this year begins against a backdrop of conflicting signals. Concerns include rising gas prices, accelerating inflation again, geopolitical uncertainty, and market expectations for more…
Guide: airBaltic continues to intend to maintain strong market positions in Lithuania and Estonia
Latvian national airline „airBaltic“ continues to intend to maintain strong market positions in Lithuania and Estonia, „airBaltic“ stated on Thursday at the Riga Aviation Forum…
„ConnectPay“ presents the main banking system to the market
„ConnectPay“ introduces „Serdis“ to the European financial market – a core banking system that enables financial institutions to migrate seamlessly and fully control their…
“Amazon” Chief Technology Officer: the number of jobs will not change, the nature of work will change
Artificial intelligence (AI) will change what people do at work, not eliminate jobs, says the vice president of the US e-commerce and technology giant Amazon…
The government will consider the generator reserve and faster cable laying next week
Almost 270 thousand users were left without electricity due to the storm that raged a week and a half ago, and with the problem of a shortage of power cables and generators arising again, the Government next…