In the Republic of Lithuania, over 3.3 million people live on an area of 65,200 square kilometers.
The country joined the European Union on May 1, 2004.
Lithuania is considered to have a high average income. Before it joined the EU, it demonstrated the highest economic growth rate compared to all candidates and member countries.
The country is concentrated on developing modern railway infrastructure, airports and highways. In 2008, the unemployment rate was only 4.7%. Per economical research, the EU contributed additionally to the Lithuanian tourism and economy.
The country is also emphasizing on biotechnology and laser equipment.
The Lithuanian currency is lita, which was supposed to be replaced by the euro by 2010. However, due to the economic crisis and current inflation, the euro adoption is planned for 2013.
Today’s Euro to Lithuanian Litai exchange rate
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