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Lithuania - Economic policy

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Short-term priorities:

Assessment (November 2003)

Please refer to the fact sheets on the adoption of the Community acquis.

Medium-term priorities:

  • regular examination of the joint assessment of the priorities of economic policy under the Europe Agreement, emphasising adherence to the Copenhagen criteria on membership of the European Union and Community legislation in economic and monetary policy (coordinating economic policies, introducing convergence programmes, fighting excessive deficits);
  • Lithuania would have to pursue policies for attaining real convergence according to the European Union's objectives on economic and social cohesion and a nominal convergence compatible with the ultimate objective - adoption of the Euro. It is, however, not expected that Lithuania will adopt the Euro immediately after accession.

Assessment (October 1999)

No progress has been recorded in this field.

Assessment (November 2000)

There has been no progress in this field.

Assessment (November 2001)

Lithuania continues to successfully reduce its budget deficit.

Assessment (October 2002)

A large number of objectives have already been achieved on the basis of previous accession partnerships. The 2002 partnership report therefore focuses on very specific outstanding issues and does not provide an overview of Lithuania's preparedness for economic and monetary union.

Assessment (November 2003)

Please refer to the fact sheets on the adoption of the Community acquis.

Following the signing of the Accession Treaty on 16 April 2003, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia acceded to the European Union on 1 May 2004.

REFERENCES

Decision 98/265/EC of 30.03.1998
Official Journal L 121 of 23.04.1998

Decision 1999/856/EC of 06.12.1999
Official Journal L 335 of 28.12.1999

Commission Opinion COM(97) 2007 final
Not published in the Official Journal

Commission Report COM(98) 706 final
Not published in the Official Journal

Commission Report COM(1999) 507 final
Not published in the Official Journal

Commission Report COM(2000) 707 final
Not published in the Official Journal

Commission Report COM(2001) 700 final - SEC(2001) 1750
Not published in the Official Journal

Commission Report COM(2002) 700 final - SEC(2002) 1406
Not published in the Official Journal

Commission Report COM(2003) 675 final - SEC(2003) 1204
Not published in the Official Journal

Treaty of Accession to the European Union [Official Journal L 236, 23.09.2003]

This summary is for information only and is not designed to interpret or replace the reference document.

Last updated: 19.11.2004
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