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News from Brussels
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Lithuania joins eurozone on in 2015

The countdown has started: on 1st of January 2015 Lithuania will join eurozone and adopt the euro as its currency. The European Commission proposed in early June and the European Council and the parliament approved that the country was ready to introduce the joint European currency from the New Year.

News from Brussels
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EU Council discuss investment plan, Ukraine situation

At its last meeting in 2014 the EU Council called for a European Fund for Strategic investment – aimed at mobilising EUR 315 billion — to be set up by June, giving a green light to European Investment Bank to start working on its part as early as of January. Having found the situation in Ukraine “dramatic and dynamic ” the EU leaders sent a strong signal of their readiness to send a financial support to Kiev.

News from Brussels
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Crimea and Sevastopol: Further EU sanctions approved

The European Union has imposed substantial additional sanctions on investment, services and trade with Crimea and Sevastopol. From 20 December, investment in Crimea or Sevastopol is outlawed. Europeans and EU-based companies may no more buy real estate or entities in Crimea, finance Crimean companies or supply related services, the EU Council said in a statement.

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