Global LT
Finnish–Lithuanian Trade Association turns 20
The Finnish–Lithuanian Trade Association celebrated its 20th anniversary of activities on 23 September 2014. […]
Euro zone
Economy
Half of Lithuanian euro coins minted
The Lithuanian Mint has already minted 97 million Lithuanian euro coins, which is about half the amount to be minted this year and one-fourth of the total amount to be produced this year and next year, the central bank governor said on Monday. […]
Economy
Lithuanian prime minister: Euro adoption has had no effect on prices
Prime Minister Algirdas Butkevičius has emphasised that statistic data do not give grounds for concern over the effects of euro adoption on prices. […]
Economy
Lithuania to organize seminars on euro adoption
On 8 September, a cycle of seminars on the adoption of the euro, which will encompass at least 70 information events scheduled in all 60 municipalities of Lithuania within three months, is going to be launched in Šiauliai, euro.lt informs. […]
Economy
Economy
Lithuanian prime minister says zero tolerance for abuses during euro adoption
Lithuania’s prime minister has once again instructed supervisory authorities to maintain tight supervision over preparations for the adoption of the euro in the country and, if necessary, to impose penalties on breachers of requirements established for the period of currency changeover. […]
Economy
Lithuanian traders to start indicating prices in litas and euro
Starting on 22 August, it will be mandatory for all traders and service providers in Lithuania to indicate prices in two currencies, the litas and the euro. […]
European Union
Germany’s central bank to supply Lithuania with euro banknotes
The central Bank of Lithuania has signed an agreement to acquire euro banknotes from the German central bank, Bundesbank. […]
Economy
Lithuanian businesses sign memorandum on fair conversion to euro
On Monday, representatives of Lithuanian business associations and representatives of municipal authorities as well as the Government, signed the Memorandum of Good Business Practice during the Adoption of the Euro. […]
Economy
First shipment of Lithuanian euro coins delivered to central bank’s vaults
The first batch of Lithuanian euro coins are being delivered to the Bank of Lithuania‘s vault in Vilnius. On 1 January 2015, they will be released into circulation. The total amount of coins necessary for the euro adoption and to ensure reserves is about 370 million units; their weight – 1,740 tons, says the Bank of Lithuania in a statement. […]
European Union
Bank of Lithuania governor joins ECB policymakers in Frankfurt
Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, is attending a meeting of the Governing Council of the European Central Bank (ECB) in Frankfurt, says the Bank of Lithuania in a statement. […]
Economy
Amendments to Law on Companies proposed in Lithuania due to euro adoption
Because of the euro adoption in Lithuania, it has been proposed to regulate procedures related to alternating the authorised capital, the nominal value of securities and the articles of association for already founded companies. […]
Economy
Economy
Finance Minister Šadžius: Free market will regulate post-euro prices
According to Minister of Finance Rimantas Šadžius, the government is not going to specifically regulate prices after the adoption of the euro, since this will be done by the free market. […]
Politics
Euro to help improve Lithuanian government ratings
The director of the public opinion research company Vilmorus believes that Lithuania’s smooth changeover to the euro may increase the government’s popularity, daily Kauno Diena reported Wednesday. […]
Economy
Bank of Latvia: A special day and not only for Lithuania
This is an historic day for Lithuania and all the other Baltic States. Long and hard work on putting the economy right has been rewarded with an official invitation to join the euro zone as of 1 January 2015. Another wall then comes down for the people of the Baltic States, not least when it comes to business relations. This is one aspect that Latvia can’t help but value given its long border of almost 600 km with Lithuania. […]
Economy
Half people in Lithuania support euro
As Lithuania is moving closer to introducing the euro, half of the people in the country support Europe’s single currency, a recent Eurobarometer survey shows. […]
Economy
Check out the designs of Lithuanian euro coins
Even though Lithuania has received the final go-ahead from the European Union for switching to the euro this Wednesday, Lithuanian mints have been making euro coins for some time now. […]
Economy
Bank of Lithuania governor urges people not to rush to convert savings to euros
Following the final decision of the European Union’s General Affairs Council of Ministers on Lithuania’s participation in the Economic and Monetary Union (EMU) from 1 January 2015, governor of the Bank of Lithuania Vitas Vasiliauskas warns Lithuanians not to rush to exchange their savings in litas for euros. […]
Economy
Lithuania will feel benefits of euro in 3-5 years, analyst says
Lithuania, which will adopt the euro on Jan. 1, should feel positive effects of the new currency in three to five years. However, the new currency will bring both positive and relatively negative changes, an analyst with SEB Bankas, the largest Lithuania’s commercial bank, says. […]