Lithuania to organize seminars on euro adoption

DELFI / Šarūnas Mažeika

During these seminars, the general public and entrepreneurs will be able to obtain relevant practical information about the euro directly from representatives of the Ministry of Finance, the Ministry of Economy, the Bank of Lithuania, the State Consumer Rights Protection Authority and other institutions.

Different seminar programmes have been prepared for the general public and business representatives as the interests of these target groups differ. The analysis of the calls to the toll-free Euro telephone line shows that entrepreneurs are mainly concerned with the display of prices in the two currencies as well as accounting and tax-related issues. The general public is, first of all, interested in the practical issues of currency exchange, payment of pensions and benefits, and the protection of consumer interests when exchanging litas into euro.

During the seminars, entrepreneurs will not only be able to receive information on the adoption of the euro that is relevant to business but also to complete applications for joining the Memorandum of Good Practices during the Adoption of the Euro. After these applications have been checked, the “fair pricing” stickers specifically designed for this purpose will be sent to the participating companies. Business representatives will be able to use these stickers to mark their trading and service desks and thus customers will be informed that these entrepreneurs are committed to fair conversion of prices.

Based on the Eurobarometer surveys conducted in late July, Lithuanians’ confidence in the euro has been growing. The survey shows that, compared to the last autumn, the number of people supporting the introduction of the euro in Lithuania increased from 40 percent to 50 percent. Meanwhile, the number of those against the euro dropped from 49 percent to 41 percent. Another 9 percent of the respondents had no opinion on the matter.

The euro will be introduced in Lithuania as of 1 January 2015. Lithuania will become the nineteenth full-fledged member of the euro area.

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