Latest news with #BankofLithuania
The Star
4 days ago
- Business
- The Star
U.S. tariff hikes to slow Lithuania's economic growth by 0.36 to 0.82 pp: economist
VILNIUS, June 10 (Xinhua) -- The combination of falling external demand and heightened uncertainty caused by the U.S. tariff hikes could shave 0.36 to 0.82 percentage points off Lithuania's economic growth this year, according to an economist from the Bank of Lithuania. Kasparas Vasiliauskas, an economist at the central bank, said on Tuesday that the impact on Lithuania comes through both direct and indirect channels, with the latter playing a more substantial role due to the country's deep integration into global supply chains. "The United States is Lithuania's most important non-European Union (EU) export market, and its significance has been steadily increasing," Vasiliauskas said. "Higher U.S. tariffs raise the cost of Lithuanian goods in the American market, reducing their competitiveness and potentially leading to lower demand and turnover." He explained that while bilateral trade is affected directly, the broader concern stems from Lithuania's role in producing intermediate goods and services for EU manufacturers. These are often incorporated into final products destined for the U.S. market. "Even if the final goods are not exported directly from Lithuania, the added value generated here is exposed to risk through indirect trade links," Vasiliauskas noted. Lithuania's key trading partners, such as Germany, Sweden, Denmark, and the United Kingdom, are major exporters to the U.S. and are likely to see reduced demand due to the new tariff hikes. This, in turn, could lead to lower demand for Lithuanian inputs, hitting exports, business revenues, and overall gross domestic product (GDP), he explained. "The extent of the economic impact varies based on different tariff scenarios modeled," Vasiliauskas added.
Yahoo
02-06-2025
- Business
- Yahoo
Approved base prospectus of UAB 'Atsinaujinančios energetikos investicijos'
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW. On 16 May 2025 an extraordinary general meeting of shareholders of UAB 'Atsinaujinančios energetikos investicijos', the closed-end investment company intended for informed investors (hereinafter, the 'Company') approved up to EUR 100,000,000 nominal value Unsecured Fixed Rate Note Programme (hereinafter, the 'Notes'). The Company has drafted the base prospectus for the Notes issued under the programme to be introduced to trading on the regulated market AB Nasdaq Vilnius Bond list (hereinafter, the 'Prospectus'), which was approved by the Bank of Lithuania on 27 May 2025 (please see the attached documents). IMPORTANT NOTICE: This notification is not for distribution to United States news agencies or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate. Distribution of this announcement and other information in connection with the securities may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. The Prospectus is the only legally binding document containing information on the Company, the Notes and their admission to trading on the regulated market. The Prospectus is published on the website of the Company as well as on and Approval of the Prospectus shall not be understood as an endorsement of the securities admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Furthermore, the securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. Additional information: Mantas Auruškevičius Manager of the Investment Company Attachments: Base Prospectus Decision of the Bank of Lithuania regarding approval of the prospectus (in Lithuanian) Attachments Base Prospectus Elektroninio dokumento nuorašas
Yahoo
02-06-2025
- Business
- Yahoo
NOTICE REGARDING THE OFFERING OF EUR 5M 3rd TRANCHE OF UAB 'KVARTALAS' BONDS
UAB 'Kvartalas', legal entity code 305475438, registered address at Jogailos str. 4, Vilnius, the Republic of Lithuania (the Issuer). The Issuer announces that pursuant to the Final Terms of the third Tranche of the Issuer's Bonds (ISIN LT0000411167) (the Final Terms) that were adopted in accordance with the Issuer's Base Prospectus approved by the Bank of Lithuania on 18 November 2024 (the Prospectus), offering of the Bonds under the Final Terms in the amount of up to EUR 5M (subject to increase as provided for in the Final Terms) will be carried out in the Republic of Lithuania, Latvia and Estonia from 3 June 2025 under the following main terms (other terms applicable to the offering are detailed in the Final Terms and Prospectus): Nominal Value of a Bond – EUR 100; Issue Price of a Bond – EUR 101.7737 (with accrued interest); Final Maturity Date – 19 December 2026; Interest Rate – 8.00% (fixed) annually; Yield – 6.75% annually; Subscription channels – subscription by way of Nasdaq Auction through the Exchange Members (list Subscription Period – 3 June 2025 – 13 June 2025, unless the Subscription Period is shortened because the Issuer determines that sufficient investor demand has been reached. In such an event, the Issuer will publicly announce the early closure of the Subscription Period, and no further Subscription Orders will be accepted; Announcement of Offering results – 16 June 2025, or earlier if the Subscription Period is shortened. Please note that no single investor will be allocated more than EUR 2,000,000 worth of Bonds; Payment Date – the settlement for the Bonds shall be carried out on the Issue Date (Delivery versus Payment); Issue Date – 20 June 2025, which will not change even if the Subscription Period is shortened. Before deciding to invest in the Bonds, each prospective investor shall read the Prospectus and Final Terms (as may be updated) with the attached relevant language summary. All aforementioned documents are attached herein and are published on the Issuer's website at On behalf of the Issuer: Ieva Antanaitytė-GenevičienėGeneral Attachments UAB Kvartalas Base Propectus Summary_3rd Tranche_EE UAB Kvartalas Base Propectus Summary_3rd Tranche_LV UAB Kvartalas_Final Terms +EN Summary_3rd Tranche_30.05.2025 Kvartalas-Base-Prospectus_18.11.2024 SĄVARŽĖLĖ-Investor presentation-3rd trancheError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Approved base prospectus of UAB 'Atsinaujinančios energetikos investicijos'
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW. On 16 May 2025 an extraordinary general meeting of shareholders of UAB 'Atsinaujinančios energetikos investicijos', the closed-end investment company intended for informed investors (hereinafter, the 'Company') approved up to EUR 100,000,000 nominal value Unsecured Fixed Rate Note Programme (hereinafter, the 'Notes'). The Company has drafted the base prospectus for the Notes issued under the programme to be introduced to trading on the regulated market AB Nasdaq Vilnius Bond list (hereinafter, the 'Prospectus'), which was approved by the Bank of Lithuania on 27 May 2025 (please see the attached documents). IMPORTANT NOTICE: This notification is not for distribution to United States news agencies or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate. Distribution of this announcement and other information in connection with the securities may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. The Prospectus is the only legally binding document containing information on the Company, the Notes and their admission to trading on the regulated market. The Prospectus is published on the website of the Company as well as on and Approval of the Prospectus shall not be understood as an endorsement of the securities admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Furthermore, the securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. Additional information: Mantas Auruškevičius Manager of the Investment Company Attachments: Base Prospectus Decision of the Bank of Lithuania regarding approval of the prospectus (in Lithuanian) Attachments Base Prospectus Elektroninio dokumento nuorašasError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Approved base prospectus of UAB 'Atsinaujinančios energetikos investicijos'
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW. On 16 May 2025 an extraordinary general meeting of shareholders of UAB 'Atsinaujinančios energetikos investicijos', the closed-end investment company intended for informed investors (hereinafter, the 'Company') approved up to EUR 100,000,000 nominal value Unsecured Fixed Rate Note Programme (hereinafter, the 'Notes'). The Company has drafted the base prospectus for the Notes issued under the programme to be introduced to trading on the regulated market AB Nasdaq Vilnius Bond list (hereinafter, the 'Prospectus'), which was approved by the Bank of Lithuania on 27 May 2025 (please see the attached documents). IMPORTANT NOTICE: This notification is not for distribution to United States news agencies or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate. Distribution of this announcement and other information in connection with the securities may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. The Prospectus is the only legally binding document containing information on the Company, the Notes and their admission to trading on the regulated market. The Prospectus is published on the website of the Company as well as on and Approval of the Prospectus shall not be understood as an endorsement of the securities admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Furthermore, the securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. Additional information: Mantas Auruškevičius Manager of the Investment Company Attachments: Base Prospectus Decision of the Bank of Lithuania regarding approval of the prospectus (in Lithuanian) Attachments Base Prospectus Elektroninio dokumento nuorašas
