The tendency to recalculate prices in the litas is more frequent among women, citizens of smaller towns and retired people. About a third of respondents still estimate prices of any goods they buy in the litas. One fifth only do so when buying more expensive commodities and around 10 percent only recalculate the final tab.
Lithuanians are trying to get rid of cash litas before the official date of the euro adoption. On 29 December alone LTL 27 million (EUR 7.8 million) was deposited in SEB Bank‘s ATMs. This is nearly four times more than on an average day. On 29 December the number of customers in the bank’s branches was also twice the average. […]
With the European Union (EU) expected to issue its final approval today for the adoption of the euro in Lithuania, businesses lowering their prices before the currency changeover should win the competitive race, the Lithuanian finance minister has said. […]