Euro zone

Discussions surrounding Lithuania's Labour Code reform is part of the global trend where capital is challenging workers' rights and pushing to transfer all risks associated with business cycles onto labour, according to a Linköping University professor who analysed the discourse of both the advocate...

After Lithuania joined the euro area on 1 January 2015, about 20 counterfeit euro notes have been discovered in the market, says Interior Minister Saulius Skvernelis, adding that the number of suspected forgeries is considerably higher, but they are made outside Lithuania.

Euro area membership will give Lithuania more stability and security, European Council President Donald Tusk said in Vilnius on Wednesday.

Lithuania has become the eurozone's 19th member, but only half of Lithuanians are in favour of the new currency. That will change, Finance Minister Rimantas Šadžius told DW, the Ministry of Foreign Affairs reports.

In over slightly more than two months, 46,000 visitors from all over Lithuania visited the Euro Exhibition, which was open at the National Museum Palace of the Grand Dukes of Lithuania. It was arranged with a view to introducing in advance the population to the new currency, euras.lt reports.

Lithuanian Prime Minister Algirdas Butkevičius thinks that Greece must stay in the eurozone and continue taking austerity measures.

The society's support for the euro in Lithuania rose 7 percentage points in December from November to reach 60 percent, according to a survey released by the Bank of Lithuania on Thursday.

On Wednesday, 7 January, Lithuania’s entry into the eurozone was a cause for celebration in the US capital. During a very well attended ceremony at the EU Delegation Lithuania was fêted as the 19th euro area member.

The weakening of the euro against the US dollar is beneficial to Lithuania as its products become more competitive in third countries, President Dalia Grybauskaitė said on Wednesday.

Lithuania's President Dalia Grybauskaitė stated on Wednesday that a dialogue with Russia is impossible until Moscow "is engaged in aggression" and supports "terrorists in eastern Ukraine".

German Chancellor Angela Merkel has congratulated Lithuania on becoming the 19th member of the euro area and says the accession marks the culmination of Lithuania's remarkable economic achievements.

As anti-EU moods are brewing in Greece, the euro zone is worried about a new round of financial crisis. Would Lithuania, the newest member of the euro club, be made feel the ripples, should Athens decide to quit the currency union?

Amid increasing speculation that Greece might exit the euro zone, the governor of the central bank of Lithuania, which has just adopted the single currency, says that a Greek withdrawal would have no major impact on Lithuania.

Eurogroup President Jeroen Dijsselbloem has congratulated Lithuania on joining the euro area.

As of Saturday, residents of Lithuania have exchanged about 40 million litas (EUR 11.6m) in post offices of Lithuania, said Inga Dundulienė, the head of the Network Service of Lietuvos Paštas (Lithuanian Post).

Residents of Lithuania have started exchanging their savings in litas to euros. A total of 330 post offices will be exchanging litas to euros free of charge from 2 January.

The first day of this year is the first day of Lithuania with the euro. It is an unavoidable fact, although probably everyone is already tired of hearing the word euro. I must admit: it is certainly much better that the euro is not in everyone’s lips but in everyone’s pockets. Soon enough the curren...

Some 10 million litas (EUR 2.9m) were exchanged for euros at Lithuanian banks on Thursday, the day when the country officially adopted the EU's single currency, the central bank governor said on Friday morning.

The adoption of the euro in Lithuania was smooth and successful, regardless of interruptions on the last day of 2014, Vitas Vasiliauskas, governor of the central Bank of Lithuania, said on Thursday.

After starting to use the new currency, the euro, on Thursday, Lithuanians say they will have to remember maths at the beginning of the year to calculate the prices of goods. They will be able to pay in litas until mid-January, but will receive all change in the common currency of the European Union...