aA
"Euro in Lithuania is good news for the Baltic States – it will once again prove accomplishments of the Baltic States in securing financial stability and economic growth. It also demonstrates the attractiveness of this region for investments," said Latvian MEP Valdis Dombrovskis, commenting the news about EP’s decision to let Lithuania join the euro zone.
Valdis Dombrovskis
Valdis Dombrovskis
© AFP/Scanpix

He says Lithuania’s entry into the monetary union will bring down the last barrier that still separates the Baltic States – the currency. This step will undoubtedly contribute to trade in the region.

"It is especially beneficial for Latvia because Lithuania is our country’s largest trade partner. Euro introduction in Lithuania is a positive sign for entire Europe. Contrary to recently voiced concerns over problems in the euro zone and its possible collapse, we see exactly the opposite – the euro zone continues to expand and become stronger," says Dombrovskis.

The MEP notes Latvia’s joining the euro only benefited the country’s economic growth and strengthened its financial stability. The euro has also made Latvia more attractive for foreign investments.

"Lithuania can expect similar positive impact on economic growth and financial stability after joining the euro zone. In preparations for the euro, Lithuania will also learn of Latvia’s experience in this process – ministries and other institutions are busy exchanging information," notes Dombrovskis.

|Populiariausi straipsniai ir video

Lithuania gives nod to relaunch flights to 3 more countries

The government on Wednesday gave the green light for airlines to relaunch regular flights from...

CEO of Kauno Tiltai detained as part of corruption probe (1)

Aldas Rusevicius , board chairman and CEO of construction company Kauno Tiltai , was on Tuesday...

Only 2 new coronavirus cases in Lithuania

On Tuesday, Lithuania has recorded only 2 new coronavirus cases in the country. Overall, there have...

Head of banking body released after being detained as part of corruption case

Mantas Zalatorius , president of the Association of Lithuanian Banks , who was on Tuesday detained...

Poland wants to follow 'Baltic bubble' example hopes to lift ban for neighbors to come soon

As the coronavirus situation is improving, Poland plans to "within the next weeks" to lift the ban...

Top news

CEO of Kauno Tiltai detained as part of corruption probe (1)

Aldas Rusevicius , board chairman and CEO of construction company Kauno Tiltai , was on Tuesday...

Lithuania gives nod to relaunch flights to 3 more countries

The government on Wednesday gave the green light for airlines to relaunch regular flights from...

Only 2 new coronavirus cases in Lithuania

On Tuesday, Lithuania has recorded only 2 new coronavirus cases in the country. Overall, there have...

Head of banking body released after being detained as part of corruption case

Mantas Zalatorius , president of the Association of Lithuanian Banks , who was on Tuesday detained...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

|Maža didelių žinių kaina