Dombrovskis, Kubilius talk trade

PANEVEZYS - The Lithuanian and Latvian prime ministers have thrown their support behind Estonia's euro bid as one of the key agreements in a meeting between the two leaders.

The two officials discussed the latest political, economic and financial developments, as well as forthcoming challenges for both countries.

The Prime Ministers expressed their support for the European Commission's recommendation to admit Estonia to the eurozone because it is a positive signal about the economic situation and prospects of the Baltic region, as well as shows a potential for further enlargement of the eurozone.

“Estonia’s success proves once again that targeted and responsible policy yields positive results. I am confident that the positive evaluation of our neighbours will strengthen Lithuania’s determination to pursue its objectives. Let me stress that the euro is not an end in itself. Lithuania’s aspiration to join the euro club is an efficient means to ensure the financial order, discipline, prudence, and living within the country’s means”, said Prime Minister Kubilius said on May 13.

The Prime Ministers of Latvia and Lithuania discussed the cooperation between both countries in the energy sector and joint infrastructure projects. The officials agreed that they will appeal to the line ministries to become more involved in the implementation of these projects.