The fall session just completed by the Lithuanian parliament is historic, as it adopted a package of laws ensuring Lithuania's accession to the euro area, Parliamentary Speaker Loreta Graužinienė says.
Loreta Graužinienė
Loreta Graužinienė
© DELFI / Kiril Čachovskij

"We can call his Seimas session historic, as it passed the entire package of laws that paves way for Lithuania's accession to the euro area. I believe that the laws will enable smooth adoption of the euro in Lithuania," Graužinienė said in her final speech of the session on Tuesday.
Lithuania is due to become member of the euro area on January 1 next year.

Speaking about the key legal acts passed during the fall session, Graužinienė mentioned the 2015 budget, the decision to extend the 9 percent VAT privilege for heating and hot water until July 1 2015, raise of the minimum monthly wages starting mid-2015, the changes to the law on social insurance during illness and maternity leave, the decision to apply an analogous social benefits model in all municipalities and the adoption of the Law on Cyber Security.

"During this session, we had to focus on stepping up national defence and security. In response to the emerging external threats, the parliament decided to upgrade Lithuania's Armed Forces by amending the Law on State of War and other laws," said Graužinienė.

The fall session included a total of 45 plenary sessions, passed about 360 laws, 65 resolutions and five other legal acts. More than 125 laws had to do with recalculation of litas-denominated sums into the euros.

Under the Constitution, the fall session opens on September 10 and closes on December 23. The parliament will start its spring session on March 10.

|Populiariausi straipsniai ir video

Coronavirus emergency may mean restrictions, release from obligations for firms

The Lithuanian government's decision to declare a state-level emergency due to the coronavirus...

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Top news

1st coronavirus case confirmed in Lithuania (1)

The first coronavirus case was confirmed in Lithuania early Friday morning, the country's Health...

Hundreds of fans ask for refund of tickets to Zalgiris' Euroleague game

Several hundred basketball fans have asked for refunds of their tickets to the upcoming Friday game...

First Lithuanian coronavirus patient's family members undergoing tests

The Lithuanian woman, 39, who was diagnosed with the new coronavirus on Friday, evaded contact with...

Health ministry expands list of risky territories over coronavirus

Lithuania's Health Ministry has put Hong Kong , Iran, South Korea and Singapore onto the list...

Vilnius is 7th most accessible city in Europe

Vilnius came in 7th place beating many other European tourist hotspots.

|Maža didelių žinių kaina