Lithuania’s government hopes that the euro adopted on Thursday will guarantee economic and political security for Lithuania, while the neighboring countries see the accession as an achievement of the entire euro zone. […]
Many Lithuanians once sceptical of the euro are now ready to embrace it. Lithuania this night will become the 19th member of the euro zone. […]
Latvian Prime Minister Laimdota Straujuma (Unity) has congratulated Lithuania with its accession to the euro zone on 1 January 2015, the government’s press service informed LETA. […]
By joining the euro zone, Lithuania is becoming part of an area of stability, security and prosperity, says European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici. […]
On Wednesday, Lithuania is bidding farewell to its national currency, the litas, and welcoming the common European Union (EU) currency, the euro, which will be adopted on 1 January 2015. […]
The euro which will shortly replace the litas will have a positive effect on the IT services market of Lithuania, however, it will hardly bring any significant changes. Antanas Ursulis, general manager of CSC Baltic which provides IT services, says that the euro will not bring any dramatic changes to working conditions or expectations of employees; nevertheless, the new currency will help Lithuania enhance its image as a reliable and attractive country for investors. […]
Adopting the euro will benefit Lithuania’s domestic businesses and households and will also help lure more foreign investment to the country, Prime Minister Algirdas Butkevičius has said. He has recalled the initial difficulties of convincing other politicians to have the euro which almost cost him his post. […]
The European Commission has congratulated Lithuania on its forthcoming euro zone membership on 1 January with a huge banner on the Berlaymont building in Brussels. […]
Lithuania’s commercial banks have already sub-frontloaded nearly one-fifth of euro coins and banknotes to domestic companies, the governor of the central Bank of Lithuania has said. […]
A survey of small and medium-sized businesses commissioned by Lithuania’s Central Credit Union (LCKU) and carried out by Spinter Tyrimai has shown that 43 percent of respondents think that the euro adoption will be beneficial for long-term business development. […]
The press service of the Lithuanian prime minister has announced that on the night of 1 January Prime Minister Algirdas Butkevičius, together with his Estonian counterpart Taavi Rõivas and Latvian Foreign Minister Edgars Rinkēvičs, will make the withdrawal of the first banknotes of the new Lithuanian currency, the euro. […]
The Lithuanian parliament has ratified the treaty establishing the European Stability Mechanism. The agreement was signed by the euro area countries in Brussels in 2012 and amended in 2014. […]
The Bank of Lithuania has organised seminars for 1,200 cash handlers from postal, financial services and trade enterprises related to the upcoming euro adoption. The participants went on to transfer their knowledge about the single currency of the European Union to their colleagues all across Lithuania. […]
January 1, 2014, will mark one year since Latvia replaced its national currency, the lats, with the euro. Looking back at this important event, one can conclude that hopes of the euro kickstarting a rapid increase of inflow of investments in Latvia and membership in the euro zone making Latvia more attractive have not come to pass. […]
The ranks of euro supporters in Lithuania, which will adopt the single currency next month, have swelled to 63 percent, the recent Eurobarometer survey has shown. […]
With just slightly more than two weeks to go before Lithuania adopts the euro, different opinion polls show different results for how people feel about the new currency. […]
Fifty-three percent of the Lithuanian population are in favour of the upcoming euro adoption, according to a representative survey conducted in mid-November and released by the Bank of Lithuania on Monday. […]
At the stroke of midnight on New Year’s Day 2015 the bell will toll, heralding the start of a new year and a new era for Lithuania. Yet the fireworks and jubilation will play out against a backdrop of sadness as Lithuania’s national currency, the litas, dies a death. […]
The number of violations related to dual display of prices in the litas and the euro has been decreasing, which shows that Lithuania has duly prepared for the currency changeover, Justice Minister has said. […]
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