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Bank of Latvia: A special day and not only for Lithuania

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Ramunė Rimgailaitė, Economist, Bank of Latvia
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2014 m. july 30 d. 08:09
Ramunė Rimgailaitė
Ramunė Rimgailaitė
Foto: Organizatorių archyvas
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This is an historic day for Lithuania and all the other Baltic States. Long and hard work on putting the economy right has been rewarded with an official invitation to join the euro zone as of 1 January 2015. Another wall then comes down for the people of the Baltic States, not least when it comes to business relations. This is one aspect that Latvia can’t help but value given its long border of almost 600 km with Lithuania.

In this article I am going to review briefly how the Lithuanian economy has developed in recent years and what benefits Lithuania’s adoption of the euro will mean for the Baltic States.

Experience from the crisis

The economy of Lithuania and the other Baltic States went through dif

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