Analytics, EU – Baltic States, Financial Services, Lithuania, Markets and Companies, Society

This was revealed in the study Lithuania's Euro Readiness Index, which was carried out by Swedbank in cooperation with TNS LT. The index consists of the results of the survey in which Lithuanian people and company heads are polled on their informedness, attitude and activities regarding the planned changeover to the euro.

The resident euro readiness index stands at 30 index points, while the readiness of company heads for the changeover to the euro is at 46 index points of the maximum 100 points.

According to the data of the study, the majority of Lithuanian companies have already begun preparing for the changeover to the euro. About 80% of polled companies said they were planning the process of preparations and would begin concrete actions in the short run.

In order to get prepared for the adoption of the euro, companies most often plan changes in accounting software (48%), to get ready for parallel reflection of prices and tariffs (42%), to inform their customers about the planned changes during the transition period (35%). Almost a third of companies (35%) said they were planning the adaptation of IT systems to the euro.

Almost a third of Lithuanian companies have expressed full support to the adoption of the euro, while only every tenth company is completely against the introduction of the euro.