The Seimas approved the Law on the Adoption of the Euro in the Republic of Lithuania On 17 April 2014, the Seimas, in a plenary session, approved the Law on the Adoption of the Euro in the Republic of Lithuania (project No XIIP-1450(2), which provides the guidelines for the preparations to adopt the euro, exchange of litas to euro, conversion of values denominated in litas to values denominated in euro and the withdrawal of litas from circulation. 87 members or the Seimas voted in favour of the legislation, 7 — against and 13 members of parliament abstained. More...

The European Parliament's Committee on Economic and Monetary Affairs preliminary approved of the euro adoption in Lithuania The European Parliament's Committee on Economic and Monetary Affairs (ECON) on 7 April preliminary approved of the adoption of the euro in Lithuania on 1 January 20015. More...

V. Vasiliauskas, with the heads of the central banks of Luxembourg and the Netherlands, discussed Lithuania’s economic situation and preparations to adopt the euro The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, continues to meet with heads of the euro area states’ central banks and on Tuesday met in Amsterdam with the head of the central bank of the Netherlands (De Nederlandsche Bank), Klaas Knot. On the evening before, in Luxembourg, V. Vasiliauskas discussed the latest economic indicators and projections with the head of the country’s central bank, Gaston Reinesch. More...

Consultations will begin in Brussels on the adoption of the euro in Lithuania on 1 January 2015 Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, will be visiting in Brussels on 17–18 March, where he will participate in the European Parliament’s Economic and Monetary Affairs Committee (ECON) meeting; he will also meet with the Deputy Chairman of the European Commission and the head of the national bank of Belgium. More...

The ECB assessed the Draft Law on the Adoption of the Euro in the Republic of Lithuania The European Central Bank (ECB) published an opinion on the Draft Law on the Adoption of the Euro in the Republic of Lithuania. The opinion was stated after receiving a request from the Ministry of Finance of the Republic of Lithuania to present an opinion on the Draft Law on the Adoption of the Euro in the Republic of Lithuania. More...

Nearly 200 answers to questions about Europe’s single currency and its adoption in Lithuania — on the Internet The website www.euro.lt posts nearly 200 answers to frequently asked questions about preparations for euro adoption in Lithuania and the future currency. The answers to the questions were prepared by the Bank of Lithuania, Ministry of Finance, State Tax Inspectorate, Sodra and other state institutions. More...

Forecast: No changes pending in the real estate market due to the adoption of the euro Most commercial banks and households are expecting stability in housing prices in the next 12 months. While there are those who are expecting more extreme changes, there are no grounds for these expectations to come true, noted Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, at the conference “The RE market 2014: New Opportunities” arranged in Vilnius by the Lithuanian Real Estate Development Association (LREDA). The preparations for the adoption of the euro in Lithuania in 2015 were also discussed at this conference. More...

Key achievements of the Lithuanian Presidency The approval of the Multiannual Financial Framework, the 2014 annual budget and a stronger Eastern Partnership are among the key achievements of the Lithuanian Presidency. More...

Dalia Grybauskaitė to present the results of Lithuanian EU Presidency to European leaders President Dalia Grybauskaitė will attend a European Council summit in Brussels. Ahead of the summit, the Lithuanian President together with European Council President Herman Van Rompuy and European Council President José Manuel Barroso will hold a coordination meeting to discuss the most topical issues on the European Council agenda and align the positions. More...

Lithuania handed over the EU presidency to Greek counterparts Minister of Foreign Affairs of Lithuania Linas Linkevičius on 18 December in Brussels handing over the Presidency of the Council of the EU to Greek Deputy Minister for European Affairs Dimitris Kourkoulas stressed that approval of the Multiannual Financial Framework, 2014 annual budget and stronger Eastern Partnership are among the key achievements of the Lithuanian Presidency. More...