Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, has nominated thirty‑seven-year-old economist Simonas Krėpšta as a candidate for the position of Member of the Board of the central bank. The nomination has been presented to Gitanas Nausėda, President of the Republic of Lithuania. Over the past two years, Mr Krėpšta has served as Chief Adviser to the President and is Head of the Economic and Social Policy Group of the presidential office. Previously, Mr Krėpšta worked at the Bank of Lithuania for more than a decade.

The Bank of Lithuania published the balance of payments for May 2021, which shows that:

The offering of flights continues to grow in Lithuanian airports. In June, Vilnius, Kaunas and Palanga airports offered 71 routes, and in July, this number will continue to grow with at least 8 additional direct routes.

The European Commission has found that Daimler, BMW and Volkswagen group (Volkswagen, Audi and Porsche) breached EU antitrust rules by colluding on technical development in the area of nitrogen oxide cleaning. The Commission has imposed a fine of € 875 189 000. Daimler was not fined, as it revealed the existence of the cartel to the Commission. All parties acknowledged their involvement in the cartel and agreed to settle the case.

On Thursday, a meeting of Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania, and Kyrylo Shevchenko, Governor of the National Bank of Ukraine, took place in Vilnius, Lithuania.

Lithuania borrowed EUR 750 million in the international capital markets by issuing a 30-year Eurobond. The annual coupon was set at 0.75 per cent.

On 7 July, Minister of Transport and Communications of the Republic of Lithuania Marius Skuodis and Minister of Infrastructure of Ukraine Oleksandr Kubrakov met in Klaipėda and discussed cooperation between the countries in the transport sector and possible new projects. The countries intend to strengthen cooperation in the areas of railway and transport digitalisation, as well as increase the capacity potential of the seaports of both countries. During the study visit, the Ukrainian Minister was introduced to the opportunities and capacity of Klaipėda State Seaport and JSC Lithuanian Railways.

Lithuanian Airports are launching an international tender to lease the existing fuel storage facilities at Vilnius and Palanga airports for ten years to manage the existing infrastructure as efficiently as possible.

MEPs want to modernise the EU's airspace management to make it more efficient and greener. Learn more by watching our video.

At the end of Q1 2021, financial assets of households amounted to €56.7 billion and were more than four times higher than liabilities, which stood at €13.4 billion at the end of the same period.