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.
© V.Cesevičiūtės nuotr.

“The current situation shows that the country’s authorities, businesses as well as regulators are well prepared for the adoption of the euro,” Juozas Bernatonis said at a news conference on Friday.

Some 11,400 checks carried out from Aug. 22 until now had revealed 734 violations, or 6.4 percent of all checks, he said, adding that the share of violations established in Latvia and Estonia in the first months of controls before the changeover was as high as approximately 40 percent.

Meanwhile, Feliksas Petrauskas, the head of the Lithuanian State Consumer Rights Protection Authority, pointed to a continuous decrease in the number of violations. In particular, they accounted for 10.2 percent of all checks in August yet later decreased to 7.5 percent in September, to 6.3 percent in October and to just 4.9 percent in November.

Although the euro will be adopted in less than three weeks, checks will continue until Jul. 1.

Moreover, this term may be extended until the end of 2015, in line with a recommendation provided in the European Commission’s latest report about Lithuania’s progress towards euro changeover.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Heating season has started: Lithuanian homeowners face the poorest heat retention in the Baltics

Start of a new heating season not only boosts household bills for the municipal services, but also...

Lithuanian robotics industry is ready for a growth spurt: from robots that think to smart things that save lives

The latest innovative products and solutions under development and already in application by...

Ellex wins prestigious Mergermarket M&A Award for the Baltics

Ellex was awarded “Baltic M&A Legal Adviser of the Year” at Mergermarket’s prestigious European...

AI goes banking: Ondato presented unique KYC solution at Slush in Helsinki

Major start-ups conference Slush in Helsinki featured a Lithuanian accent as Vilnius based fintech...

A growing number of Balts are struggling with debt despite the growing economy (1)

In the wake of a long period of economic growth, savings have gone up – but so has indebtedness. A...