Business
 

FCMC applies 2.2 million euro fine to JSC LPB Bank and issues warning to Board member

  • 2018-10-23
  • FCMC/TBT Staff

RIGA – The Board of the Financial and Capital Market Commission (FCMC) on 16.10.2018 decided to impose a fine of 2 205 282 euro on the joint stock company "LPB Bank" (hereinafter – the Bank) for breaches of the anti-money laundering and counter terrorist ...

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Lithuanian top court halts national stadium construction tender

VILNIUS – The Supreme Court of Lithuania on Friday halted the 80 million euro worth concession tender for the construction of a national stadium in the Lithuanian capital. The Vilnius authorities will now have to accept a preliminary proposal from Vilniaus Nacionalinis St...

Lithuania can serve as gateway to Europe for China's fintech firms, c.bank says

VILNIUS - Lithuania is ready to take on a coordinating role in enhancing cooperation between China and Central and Eastern European (CEE) to create a favorable environment for fintech businesses, a member of the central bank's board said at an investment forum in Prague. &#...

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