imf mission praises lithuania\s euro adaption
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF mission praises Lithuania's euro adaption

Arab Today, arab today

Arab Today, arab today IMF mission praises Lithuania's euro adaption

Vilnius - XINHUA

Head of the IMF mission to Lithuania Christoph Klingen said on Monday the Baltic country is making a good progress towards the euro, after meeting with Lithuania's Prime Minister Algirdas Butkevicius in Vilnius. Klingen welcomed Lithuania's ambition to join the eurozone in January 2015. "We assume that this is the next logical step on Lithuania's European integration path. It will bring significant benefits to the economy," Klingen said to local media. "But it remains particularly important to stick to the fiscal rules in order to achieve long term success of the euro adoption. Lithuania is moving in the right direction towards the euro, we will assist to Lithuania when it becomes the member of the euro zone," he added. The euro would create favorable conditions for enhanced financial stability, trade and investment growth, Butkevicius indicated after the meeting, according to local media. Klingen admitted that Lithuania's fiscal situation is improving but also noted that new taxes may have to be introduced yet. The economy of Lithuania has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe still has a long way to go, the IMF mission noted in its concluding statement. The IMF mission led by Klingen has been working in Lithuania for one week. The IMF projects Lithuania's real GDP growth rate to pick up to 3.5 percent in 2014, while economic performance in 2013 was solid, with GDP growth rate of 3.3 percent, one of the highest in the EU. Lithuania plans to introduce euro on January 1, 2015. The country would become the 19th member of the euro zone and the last of the three Baltic states to join the single currency bloc.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf mission praises lithuania\s euro adaption imf mission praises lithuania\s euro adaption

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf mission praises lithuania\s euro adaption imf mission praises lithuania\s euro adaption

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday