Europe

Germany’s central bank says accessing cash is becoming tougher

March 17, 2025

Germany’s supply of cash remains secure, despite the removal of thousands of ATMs and the closure of bank branches, but the future looks less certain, the German central bank said [..]

Latvia

Kazaks re-elected to central bank presidency

February 7, 2025

Latvia’s Parliament, the Saeima, voted today to re-elect Martins Kazaks as president of the Bank of Latvia. Opposition votes were needed to ensure his re-election. Kazaks received 67 votes against [..]

Europe

ECB publishes second progress report on the digital euro preparation phase

December 4, 2024

The European Central Bank (ECB) has published its second progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the [..]

Lithuania

Lithuanian c. bank proposes reviewing taxes, reducing VAT gap as population ages

July 9, 2024

As the population ages, the Bank of Lithuania proposes reviewing existing tax exemptions and privileges, and income and wealth taxation, and reducing the VAT gap to increase budget revenue collection. [..]

Estonia

Bank of Estonia governor Madis Muller – the central bank should not be involved in shaping climate policy

April 30, 2024

Bank of Estonia governor Madis Muller and Prime Minister Kaja Kallas responded to MPs’ interpellations concerning the connection between European banking and climate policy in the Riigikogu on Monday. Muller [..]

Estonia

Estonian cbank issuing silver coin for 150th anniversary of birth of Konstantin Pats

February 7, 2024

On Feb. 23, the Bank of Estonia will release a silver collector coin to mark the 150th anniversary of the birth of Konstantin Pats, one of the founders of the [..]

Lithuania

Lithuania’s c. bank orders Paysera to provide info on Stepukonis’ gambled away millions

February 6, 2024

The central Bank of Lithuania has ordered Paysera to provide related information as Sarunas Stepukonis, a former partner at BaltCap Infrastructure Fund, an fund managed by BaltCap, an investment company, [..]

Latvia

EUR 871,000 worth of Latvian lats banknotes and coins exchanged for euros in 2023

January 3, 2024

Last year LVL 611,900 (EUR 871,000) Latvian banknotes and coins were exchanged for euros at the Bank of Latvia, LETA was told at the central bank. The money exchanged in [..]

Latvia

Bank of Latvia leaves inflation forecast for this year at 9%

December 15, 2023

The Bank of Latvia has left its inflation forecast for 2023 at 9 percent, LETA was told at the central bank. In the following years, Latvian inflation is expected to [..]

Europe

Eurosystem proceeds to next phase of digital euro project

October 19, 2023

Governing Council to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro Preparation phase will lay foundations for a potential [..]

Lithuania

Banks in Lithuania saw their H1 profit plunge 2.5 times to EUR 515 mln – central bank

October 12, 2023

Banks operating in Lithuania earned 515 million euros in combined profit in the first half of this year, 2.5 times less than in the same period last year (203 million [..]

Latvia

Bank of Latvia raises inflation forecast for 2023 to 9%

September 29, 2023

The Bank of Latvia’s inflation forecast for 2023 has been revised to 9 percent, up from 8.5 percent in the June forecast, as the central bank’s representatives told reporters on [..]

Opinions

Governor of Eesti Pank: the economy is going to recover slowly

September 28, 2023

Governor Madis Müller says a quick recovery in Estonian economy is not to be expected, as purchasing power is improving at a slow pace in both domestic and foreign markets. [..]