Stenbock House, 31 December 2014 – Prime Minister Taavi Rõivas will depart for Vilnius on New Year's Eve to join Lithuanians in celebrating Lithuania adopting the euro at midnight tonight.
Prime Minister Rõivas will participate in the end of the year concert of the Lithuanian National Symphony Orchestra and later join Lithuanian Prime Minister Algirdas Butkevičius for his formal dinner.
During the first minutes of the New Year, Rõivas will take part in the euro cash withdrawal ceremony.
“Lithuania adopting the euro is a positive step for Estonia as well as for the European Union and will increase the credibility of the Baltic States as a whole,” Prime Minister Taavi Rõivas said.
“Estonia knows from experience that adopting the euro leads to increased credibility of foreign investors towards the state, resulting in more jobs and the increased well-being of people,” Rõivas noted.
In the view of the Prime Minister, the fact that Member States are continuously jointing the euro area also shows that the euro is still strong and the euro area has created a prospective economic environment for the members of the area.
In Prime Minister Rõivas’ view, a common currency, from Estonia’s perspective, will help to save costs of enterprises trading with Lithuania. “For Estonia, Lithuania is ranking sixth as a trading partner. I believe that a common currency will help the growth of trade,” Rõivas noted.
Estonia adopted the euro in 2011. According to a recent survey, the support of Estonian citizens toward the European Union and the euro has increased to 84 % and 78 % respectively.
On 1 January, Lithuania will become the 19th Member State of the European Union to adopt the euro.