BNS The interest of small countries is to participate in the decision making processes related to the eurozone, Estonia’s President Toomas Hendrik Ilves has said. Asked by the business daily ‘Verslo žinios’ whether the euro zone needed the Baltic countries, he said: “Political coordination within the …
BNS The Czech Republic has no plans to rush into introducing the euro as the existing flexible koruna rate is beneficial for the country’s economy, Czech Prime Minister Petr Necas said in Vilnius on Thursday. Following a meeting with Lithuanian Prime Minister Algirdas Butkevičius, Necas …
BNS Finland’s President Sauli Niinisto says it is useful for countries to meet the euro adoption criteria and supports Lithuania’s ambition to join the euro zone. “I think it’s favourable for both countries if you comply with the accession criteria, and you, as far as …
Lithuanian Confederation of Industrialists carried out a survey which revealed that Lithuanian entrepreneurs approve of the euro, but they disagree on the timing for the euro adoption, the Baltic Course informs with reference to the news agency ELTA. Some 84 per cent of 130 surveyed …
BNS Lithuania needs to introduce the euro as the litas is already pegged to the common currency, but the country does not have the benefit eurozone members enjoy, Lithuanian President Dalia Grybauskaitė said in an interview to Spiegel Online on Friday. “Our currency has already …
BNS The President of the European Commission Jose Manuel Barroso said at a meeting with Lithuania’s government in Brussels on Wednesday that he would help Lithuania to seek euro adoption in 2015. “I congratulated Prime Minister for the Lithuania’s intention to join euro area in …
BNS Leaders of the financial centre of the City of London, currently visiting Lithuania, said they did not believe the European Union (EU) would introduce the financial transaction tax, which has been proposed by the European Commission and already taken to court by Great Britain. …
BNS The executives of Scandinavia’s financial groups SEB and Swedbank support Lithuania’s ambition to join the euro zone, Prime Minister has said. “The executives of both banks approve of this course since they believe that Lithuania actually does not have any other choice – due …
BNS Bankruptcy of Ukio Bankas may become an obstacle on Lithuania’s way towards euro adoption in 2015, Prime Minister Algirdas Butkevicius has said adding that, in his view, the odds of the country joining the euro zone in a couple of years are fifty-fifty. “I …
The Lithuania Tribune presents the interview with Bodo Schäfer by Ugnė Karaliūnaitė from www.delfi.lt. German millionaire Bodo Schäfer arrives at the interview in his black Audi A8 W12. He certainly can enjoy his car now, but he still remembers the time then he was earning …
BNS Lithuanian President Dalia Grybauskaite said on Friday that the authorities must consult the people on euro adoption, but decisions on what form this should take are yet to be made. “As to asking for people’s permission and consulting them, I think we must always …
BNS The euro brings only positive things for countries like the Baltic states, while negative aspects are mostly emotional, the Estonian finance minister said in Vilnius on Thursday and his Lithuanian and Latvian counterparts backed this view. “I’m very happy that the Lithuanian government has …
BNS The euro brings only advantages to a country, while negative aspects are mostly emotional, Estonian Finance Minister Jürgen Ligi said in Vilnius on Thursday, calling on Lithuania to join the single currency. “I’m very glad that Lithuania has expressed its determination. I can say …
BNS The Baltic countries have the potential to become the fastest-growing region in the coming decades, Latvian Finance Minister Andris Vilks said in Vilnius on Thursday. “I think that there are many chances for the Baltic countries to be the fastest-growing region not only for …
In an interview to www.balsas.lt, the political analyst Liudas Mažylis stated that the referendum regarding the introduction of euro in Lithuania is not necessary. “The initiators of referendums on various European issues usually seek negative outcomes,” thinks Mažylis. He continued: “Every time referendums on European …
Gediminas Kirkilas, Deputy Speaker of the Seimas and Chairman of European Affairs Committee After the Government had announced the plan for euro introduction in 2015, the intimidation, doubts and critique have poured out. Strangely, the bank experts were especially active. Even more strangely, speaking about …
BNS The example of Cyprus has unmasked deficiencies in the work of the European Union’s (EU) institutions, Nerijus Udrėnas, chief adviser to Lithuania’s President Dalia Grybauskaite, has said adding that the example of Cyprus, which adopted the euro five years ago, unveiled another problem as …
BNS Lithuania ’s euro adoption plan and the related public awareness strategy will be approved by July, the Finance Ministry said. The terms were approved by a coordination task group for euro adoption, which held a meeting on Monday, 25 March, 2013. “We have to …
BNS Lithuania ’s government will wait until mid-April for the task groups to submit proposals for the euro adoption plan, Finance Minister Rimantas Sadzius said. “We have been briefed about the situation with the task groups. Some of them have already started doing their job. …
Among 17 Eurozone members, Estonians are one of the poorest by net value of their assets, shows statistics published by Swedish business newspaper Dagens Industri, writes Äripäev cited by bbn.ee. In a survey in which Credit Suisse and Oxford University measured the net value of …
