She heard about the Litas
while traveling abroad, and broached the idea to Fernandez, who runs her own digital advertising company, among other corporate pursuits, and Carol Karthe, a swimming coach, polo player and avid adventure rider.
"One of the guys I'm going with went to a travel agents and the girl said that they had hardly any litas
In January, domestic credit went up by 13.1 million litas
- credit to general government increased by 171.1 million litas
, while credit to other residents decreased by 158 million litas
Alcoholic beverage import turnover has been affected by the crisis as well, putting it at 416 million litas
last year, down from 475 million litas
Revenue fell an annual 25 percent to 38.1 billion litas
. Earnings at Lithuanian companies are tumbling as domestic demand weakens, wages fall and unemployment rises.
The Finance Ministry said the government received 330 million litas
from T-bill auctions, at an average interest rate of 8.07 percent, while private placements totaled 231.5 million litas
at a yield of 6.45 percent.
Initially, the local authority planned to spend 2.2 million litas
over 9 months for the needy, but has already spent 2.4 million litas
There are different loan programs for different types of companies, and already hundreds of millions of litas
have been disbursed to banks.
VILNIUS -- Lithuanians have begun another run on the litas
, changing their savings into euros in fear of a sudden devaluation--a decision that people think could be made by the government and central bank soon.