After the European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, its board member and head of the Bank of Lithuania (LB), Gediminas Šimkus, refrains from making predictions…
Considering the increasing inflationary pressure in the region, the European Central Bank (ECB) is likely to raise interest rates on September 10, and they should continue to rise later, it says…
The Bank of Lithuania draws attention to the spreading practice where the consumer paying for a product or service has to pay the payment service provider chosen by the merchant. When…
Lietuvos bankas (LB) has allowed the Luxembourg companies of the international investment group EQT to acquire a stake in the peer-to-peer used clothing trading platform operator “Vinted”…
Currently for sale is a 145 sq. m apartment on V. Putvinskio St., Kaunas. This residence is located in one of the most distinctive and historically interesting buildings in the center of Kaunas – the Bank of Lithuania…
The Bank of Lithuania (LB), which revoked the license of the United Kingdom capital payment institution “AlphaPay” (formerly “NovaPay”) in July, is requesting the court to file a bankruptcy case against it.
Starting from August 1, when purchasing the first home with a loan, a 10% down payment is sufficient instead of the previously applied 15%. The Bank of Lithuania made this decision in order to…
The Bank of Lithuania (LB) in 2022 unlawfully refused to grant a specialized bank operating license to the company “Baltic Financial Company”, the latter’s demand for this from LB…
The Bank of Lithuania has obliged the electronic money institution UAB „Lux International Payment System“ temporarily, until an inspection is carried out and a decision by the Bank of Lithuania is made,…
Due to suspicions of serious violations, the Bank of Lithuania (LB) has ordered the electronic money institution “Lux International Payment System” to temporarily cease providing financial services to clients.