When the tax filing deadline looms, it's time to pull together some paperwork. The Internal Revenue Service will need figures on your wages, deductible expenses, and...
Unlike other countries, Lithuania became independent on two separate occasions. Lithuania first declared itself from Czarist Russia on February 16, 1918. They remained an independent nation till 1940, when the erstwhile Soviet Union annexed it. After remaining under Soviet Union for almost 50 years, the Republic of Lithuania became independent once again in 1990.
Lithuanians first started using the litas in 1922, reintroducing it in 1993 as the country phased out the rouble. From 1994 the litas was pegged to the dollar and in 2002 it moved to a euro peg. But due to high inflation and the economic crisis, Lithuania was denied entry into the eurozone in 2007. But having checked the âconvergence criteriaâ boxes, Lithuania will adopt the euro on January 1, 2015.