On Approvement of Action Plan for Implementation of the National Changeover Plan


Published: 2013-04-12

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
Official translation
4 April 2014
 
Government of the Republic of Lithuania
 
 
RESOLUTION NO 1173
 
of 4 December 2013
 
ON approvement of action plan for implementation of the NATIONAL CHANGEOVER PLAN 
 
Vilnius
 
 
 
Acting pursuant to Paragraph 3 of Article 22 of the Law on the Government of the Republic of Lithuania (Valstybės žinios (Official Gazette) No 43-772, 1994; No 41(1)-1131, 1998; No 92-2843, 2000; No 72-2831, 2007; No 71-3541, 2010; No 11-497, 2013), and in compliance with Paragraph 34 and Paragraph 50 of the Programme for 2012–2016 of the Sixteenth Government, which has been approved by Resolution No XII-51 of the Seimas of the Republic of Lithuania of 13 December 2012 (Valstybės žinios (Official Gazette) No 149-7630, 2012), as well as Paragraph 12 of the National Changeover Plan, which has been approved by Resolution No 604 of the Government of the Republic of Lithuania of 26 June 2013 (Valstybės žinios (Official Gazette) No 73-3670, 2013), the Government of the Republic of Lithuania has resolved:
 
to approve the Action Plan for Implementation of the National Changeover Plan (as appended). 
 
 
 
Prime Minister                                                                                 Algirdas Butkevičius
 
 
 
Minister of Economy,
 
Acting Minister of Finance                                                             Evaldas Gustas
 
 
 
APPROVED
by Resolution No 1173 of the Government of the Republic of Lithuania of 4 December 2013
 
 
ACTION PLAN FOR IMPLEMENTATION OF THE NATIONAL CHANGEOVER PLAN
 
  Sr. No
  Title of a Measure
  Responsible Institution(s)
  Coordinating Working Group(s)
  Deadline
I. ADAPTATION OF NATIONAL LAW
1.1.
To plan drafting and approval of the legal acts related to the euro adoption in the Republic of Lithuania:  
 
1.1.1.
To make a list of legal acts to be amended and the new ones to be approved in relation to the euro adoption in the Republic of Lithuania, and to submit it to the Ministry of Finance
State institutions and bodies within the sphere of competence
Legal Issues Working Group
1 February 2014
1.2.
To draft and approve new legal acts:
 
1.2.1.
To develop the Republic of Lithuania Draft Law on the Adoption of the Euro in the Republic of Lithuania and to submit it to the Government of the Republic of Lithuania
Bank of Lithuania,  Ministry of Finance
Legal Issues Working Group
1 May 2014
1.2.2.
To draw up a draft legal act regulating relations related to mandatory dual display of prices in litas and euro and to submit it to the Government of the Republic of Lithuania
Ministry of Economy
Legal Issues Working Group
1 April 2014
1.2.3.
To draw up draft legal acts related to the establishment of the amounts related to payment of wages, social security benefits, benchmarks and insured income of the current year in euro, to submit them to the Government of the Republic of Lithuania and to inform the population on that
Ministry of Social Security and Labour
Working Group for the Protection of Consumer Rights and Social Affairs  
1 September 2014
1.2.4.
To develop a draft law regulating the procedure for re-denomination of the value of the authorised capital and securities into euro and for amendment to the Statutes of public limited and private limited companies and to submit it to the Government of the Republic of Lithuania
Ministry of Economy
Business Environment Working Group
1 July 2014
1.2.5.
Where necessary, to draw up new changeover-related  legal acts, and to submit them to the Government of the Republic of Lithuania
State institutions and bodies within the sphere of competence
Legal Issues Working Group
No later than 5 months before the euro adoption date, if this plan or other legal acts do not establish it otherwise
1.3.
To amend existing legal acts:
 
1.3.1.
To develop the Republic of Lithuania Draft Law Amending the Law on National Audit Office in order to harmonize the national law with   the provisions of the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks and of the European Central Bank, and to submit it to the Government of the Republic of Lithuania
Bank of Lithuania Ministry of Finance
Legal Issues Working Group
1 January 2014
1.3.2.
To develop the Republic of Lithuania Draft Law Amending the Law on the Bank of Lithuania in order to harmonize the national law with   the provisions of the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks and of the European Central Bank, and to submit it to the  Government of the Republic of Lithuania
Bank of Lithuania Ministry of Finance
Legal Issues Working Group
1 Juanuary 2014
1.3.3.
To develop the Republic of Lithuania Draft Law Repealing the Law on the Credibility of the Litas, and to submit it to the  Government of the Republic of Lithuania
Ministry of Finance
Legal Issues Working Group
1 February 2014
1.3.4.
To draw up draft legal acts that will ensure the use of the euro as legal tender and payment instrument in all the sectors of the Lithuanian economy and in the private sector after the euro adoption date, and to submit them to the  Government of the Republic of Lithuania
State institutions within the sphere of competence
Legal Issues Working Group
1 April 2014
1.3.5.
To develop the Republic of Lithuania Draft Law Amending the Law on Tax Administration in order to amend the provisions related to pegging the amount of late payment penalties and interest rates on the tax loan to the annual interest rate on the Treasury bills of the Republic of Lithuania issued in litas by auction
Ministry of Finance

1 August 2014
1.3.6.
To draw up draft legal acts which should be amended in relation to the euro adoption, and to submit them to the Government of the Republic of Lithuania
State institutions and bodies within the sphere of competence
Legal Issues Working Group
No later than 5 months before the euro adoption date, if this plan or other legal acts do not establish it otherwise
II. MONITORING OF CONFORMITY WITH CONVERGENCE CRITERIA
2.1.
To monitor Lithuania’s fulfilment of the convergence criteria under the Treaty on the Functioning of the European Union (OJ 2010 C83, p. 1) and to draw up quarterly reports projecting Lithuania’s fulfilment of the economic convergence criteria,  identifying threats of non-fulfilment of the criteria, and providing proposals for their mitigation
Bank of Lithuania
Working Group for Monitoring Lithuania’s Fulfilment of the Convergence Criteria for the Adoption of the Euro
Each quarter till the date of the EU Council Decision on Abrogation of a Derogation to the Republic of Lithuania and the euro adoption in the Republic of Lithuania
2.2.
To draw up a statement on the application of the excessive deficit procedure in 2014
Statistics Lithuania, Ministry of Finance
–  
1 March 2014
III. TAXES
3.1.
To approve new tax stamp specimens for labelling cigarette packs, which will display the maximum cigarette retail price in euro
Ministry of Finance

1 July 2014
IV. ACCOUNTING AND FINANCIAL STATEMENTS
4.1.
To develop and approve a business accounting standard for economic entities concerning changeover requirements for accounting and financial reporting
Authority of Audit and Accounting
Business Environment Working Group
1 July 2014
4.2.
To develop and approve a public sector accounting and financial reporting standard for public entities concerning  changeover requirements for accounting and financial reporting
Ministry of Finance

1 February 2014
4.3.
To develop recommendations for businesses to prepare for the euro changeover  in Lithuania (on accounting, adjustment of information systems, dual display of prices, cash management, organisation of staff training sessions, etc.), and to familiarise the business community with them  
Ministry of Economy
Business Environment Working Group
1 April 2014
V. INFORMATION SYSTEMS
5.1.
To coordinate with the Information Society Development Committee under the Ministry of Transport and Communications investment projects for procuring  or upgrading information systems
State institutions and bodies

From 1 January 2014 to 31 December 2014
5.2.
While coordinatinginvestment projects of information systems,submitted by state institutions and bodies, to ensure that procured or upgraded information systems  are suitable for operation post euro adoption
Information Society Development Committee under the Ministry of Transport and Communications

From 1 January 2014  to 31 December 2014
5.3.
To provide recommendations to state and municipal institutions and bodies concerning the adjustment of information systems for work with the euro
Information Society Development Committee under the Ministry of Transport and Communications
 
From 1 January 2014 to 31 December 2014
5.4.
To work out an action plan for the adjustment of the operating information systems for work with the euro, specifying  required actions, their deadlines, and administrative units (individuals) responsible for their implementation, and to submit it to the Information Society Development Committee under the Ministry of Transport and Communications 
State institutions and bodies

1 January 2014
5.5.
To evaluate the adjustment of the information systems to the euro changeover by state institutions and bodies, as well as their adherence to changeover action plans
Information Society Development Committee under the Ministry of Transport and Communications

From 1 January 2014  to 31 December 2014
5.6.
To form an IT expert working group of the representatives from state institutions and bodies as well as business to address issues related to the adjustment  of state information systems to the euro
Information Society Development Committee under the Ministry of Transport and Communications

1 January 2014
5.7.
In cooperation with state institutions and bodies, legally mandated to develop state policy in appropriate area or to take part in its development, to agree regarding the scope of adjustments required forthe information systems to  work with the euro, having due regard to  the envisaged amendments to existing regulation 
State institutions and bodies
 
1 January 2014
5.8.
To approve a list of state information systemsthat are most important (critical) for the changeover
Information Society Development Committee under the Ministry of Transport and Communications

1 January 2014
5.9.
To approve required amendments to specifications of the state information systems
State institutions and bodies

1 February 2014        
5.10.
To carry out public procurement for upgrading and modification of state information systems, making them ready to  work with the euro, and to conclude contracts with service providers
State institutions and bodies

1 April 2014
5.11.
To upgrade and modify state information systems to work with the euro
State institutions and bodies

1 September 2014
5.12.
To carry out testing of adjustments to the state information systems
State institutions and bodies

1 November 2014
5.13.
On a monthly basis (every two weeks) to provide the Information Society Development Committee under the Ministry of Transport and Communications with the information about the progress achieved in adjusting state information systems to work with the euro
Managers of the most important (risky) state information systems related to the euro adoption      

Every month from 1 January 2014, every two weeks from 1 May 2014 to 31 December 2014    
 
 
Managers of other state information systems
 
Every month from 1 April 2014 to 31 December 2014  
VI. STATISTICS
6.1.
To prepare for collection, preparation and dissemination of statistics on cash and finances, external statistics and financial accounts after the euro adoption in the Republic of Lithuania, in pursuance of the requirements of the legal acts of the European Central Bank
Bank of Lithuania

31 January 2015
6.2.
To draw up and approve the description of the procedure for the management of official statistics before and after  the euro adoption in the Republic of Lithuania
Statistics Lithuania, Ministry of Finance

1 May 2014
VII. PREPAID ITEMS
7.1.
To develop an action plan ensuring smooth functioning of the activity areas, related to the establishment and regulation of prepayment labels, assigned to an instutition (company) during the euro adoption in the Republic of Lithuania (including the period of dual circulation of cash in euro and in litas)
Public Limited Comapy Lietuvos paštas (hereinafter – Lithuanian Post Office), municipalities

1 July 2014
7.2.
To inform consumers about the validity term of tickets for passenger transportation by air, water, railway and road , on long-distance, suburban and local routes, where the nominal value of the ticket is indicated in litas  
Sellers of tickets for passenger transportation by air, water, railway and road transport on long-distance, suburban and local routes

2 years after one month following the date of the EU Council Decision on Abrogation of a Derogation to the Republic of Lithuania and the euro adoption in the Republic of Lithuania
7.3.
To inform consumers about the validity term of postage stamps, whose nominal value is indicated in litas
Lithuanian Post Office

2 years after one month following the date of the EU Council Decision on Abrogation of a Derogation to the Republic of Lithuania and the euro adoption in the Republic of Lithuania
VIII. MUNICIPAL ACTIVITIES
8.1.
To develop action plans ensuring smooth functioning of the activity areas assigned to the instutition (company) during the euro adoption in the Republic of Lithuania (including the period of dual circulation of cash in euro and in litas)
Municipalities, enterprises founded by municipalities providing public services 

1 July 2014
8.2.
To assess and, where necessary, following the procedure established by the Republic of Lithuania Law on Public Procurement (Official Gazette, No 84-2000, 1996; No 4-102, 2006), to modify contracts concluded with public service providers so that fees for public service provision during the changeover were rounded up to the benefit of the population and were not increased
Municipalities, other state institutions within the sphere of competence

1 October 2014
8.3.
To carry out administrative supervision of municipalities in relation to  their preparation for the euro changeover in the Republic of Lithuania– to oversee municipal compliance  municipalities with the laws and implementation of Government decisions related to the euro adoption in the Republic of Lithuania
Representatives of the Government of the Republic of Lithuania in counties

From 1 January 2014
IX. CONSUMER PROTECTION AND SECURITY
9.1.
To identify possible threats for consumer protection and security during the euro adoption in the Republic of Lithuania and to provide proposals concerning elimination of these threats to the Government of the Republic of Lithuania
Ministry of the Interior

1 January 2014
9.2
To develop a Coordination Plan for the Activities of State Institutions and Bodies in Elimination of Threats for Consumer Protection and Security during the Euro Adoption in the Republic of Lithuania, and to submit it to the Government of the Republic of Lithuania
Ministry of the Interior

1 February 2014
9.3.
To overseestate institutions and bodies as they implement the measures listed in the Coordination Plan for the Activities of State Institutions and Bodies in Elimination of Threats for Consumer Protection and Security, during the euro changeover in the Republic of Lithuania
Ministry of the Interior
–        
From 1 February 2014 till the deadline of the implementation of the measures indicated in the  Coordination Plan for the Activities of State Institutions and Bodies in Elimination of Threats for Consumer Protection and Security during the Euro Adoption in the Republic of Lithuania  
9.4.
Within their respective competences, to organise changeover-related practical training sessions to all civil servants dealing directly with stakeholders and the staff of state-owned enterprises that provide public services, after the drafting of detailed training plans and the earmarking of the required resources
Ministry of Social Security and Labour, State Social Insurance Fund Board (hereafter – SODRA), Lithuanian Labour Exchange, Ministry of Finance, State Tax Inspectorate, AB LESTO, Ministry of Transport and Communications, Lithuanian Post Office, JSC Lithuanian Railways, Ministry of Agriculture, National Paying Agency, State Food  and Veterinary Service, Ministry of Economy, business incubators, tourism information centres, Public Institution  Enterprise Lithuania, Public Institution Invest Lithuania, Customs Department under the Ministry of Finance, other institutions and bodies
–    
1 October 2014
9.5.
To organise educational information  lectures for various societal groups concerning the impact of the changeover on the country and its economy, also seminars for cash handlers
Ministry of Finance, Bank of Lithuania, Ministry of Economy, Ministry of Social Security and Labour, Ministry of Education and Science, other state institutions within the sphere of competence

From 1 April 2014 to 31 December 2014
9.6.
To inform the members of the state social insurance system about the euro adoption:
 
9.6.1.
To prepare for the provision of information to insurers and the insured in the e-Servicing System for the Insurers (EDAS) and e-Servicing System for the Residents (EGAS)
SODRA

1 September 2014
9.6.2.
To draw up an action plan for the provision of information to the beneficiaries of the state social insurance with regard to the euro adoption in the Republic of Lithuania within the sphere of their interest by using various socially-oriented information methods
SODRA

1 July 2014
9.7.
To inform the recipients of cash social benefits about the euro adoption and related changes
 
9.7.1.
To arrange for an individual column on euro adoption to be opened up on the website of the Ministry of Social Security and Labour, and to publish euro adoption information relevant to  social security beneficiaries in the Republic of Lithuania
Ministry of Social Security and Labour

1 July 2014
9.7.2.
To draft and submit recommendations to municipal administrations concerning the public notification of the recipients of cash social benefits as regards  benefit rates during the exchange of the litas into euro
Ministry of Social Security and Labour, municipalities

1 July 2014
9.8.
To inform the taxpayers administered by the State Tax Inspectorate under the Ministry of Finance about the preparation of the Inspectiorate for the euro adoption in the Republic of Lithuania and legislative amendments releated to  reporting and payment in euros of taxes administered by the Inspectorate 
State Tax Inspectorate under the Ministry of Finance

1 July 2014
9.9.
Where necessary, to draft new templates of documents,set new requirements for their completion,  and to inform data providers, consumers and customers about the changes related to the euro adoption in the Republic of Lithuania
State and municipal institutions, bodies, enterprises and other organisations

1 August 2014
9.10.
To adjust the system for announcing the fees for payment services on the website of the Bank of Lithuania to the euro
Bank of Lithuania

No later than after 30 calendar days following the date of the irrevocably fixed conversion  rate of the euro and litas
9.11.
To create conditions for acquisition of euro coin starter kits by all willing natural and legal persons
Bank of Lithuania

1 December 2014
9.12.
To provide consultations in writing, by e-mail and orally to consumers, consumer associations and business entities concerning the ways to display prices
State Consumer Rights Protection Authority

During the mandatory dual display of prices in litas and euro
9.13.
To draw up and coordinate a Memorandum on Good Business Practice (Will) of Business Entities with the Ministry of Finance and the Bank of Lithuania
Ministry of Economy
Business Environment Working Group, Working Group for the Protection of Consumer Rights and Social Affairs
1 April 2014
9.14.
To arrange for designing  the logo of the Memorandum on Good Business Practice (Will) of Business Entities
Ministry of Economy Ministry of Finance
Business Environment Working Group
1 May 2014
9.15.
To establish and approve the description of the procedure for the application of the designed logo of the Memorandum on Good Business Practice (Will) of Business Entities
Ministry of Economy
Business Environment Working Group, Working Group for the Protection of Consumer Rights and Social Affairs
1 May 2014
9.16.
To hold a campaign inviting  as many as possible business associations and individual economic entities to sign the Memorandum on Good Business Practice (Will) of Business Entities
Ministry of Economy, State Consumer Rights Protection Authority
Business Environment Working Group
From 1 May 2014
9.17.
To hold an event of signing the Memorandum on Good Business Practice (Will) of Business Entities 
Ministry of Economy Ministry of Finance
Business Environment Working Group, Working Group for the Protection of Consumer Rights and Social Affairs
By 1 August 2014
9.18.
To establish a procedure for joining the Memorandum on Good Business Practice (Will) of Business Entities by business associations and individual economic entities, which did not participate in the event of signing the Memorandum on Good Business Practice (Will) of Business Entities
Ministry of Economy
Business Environment Working Group
1 June 2014
9.19.
To arrange for joining the Memorandum on Good Business Practice (Will) of Business Entities by business associations and individual economic entities which did not participate in the event of signing the Memorandum on Good Business Practice (Will) of Business Entities, in accordance with the established procedure
Ministry of Economy
Business Environment Working Group
After the event of signing the Memorandum on Good Business Practice (Will) of Business Entities
9.20.
To prepare and publish statistical information on average retail prices in litas and euro of homogeneous goods and services, and their changes
 
9.20.1.
To draw up a list of 100 main homogeneous goods and services and to coordinate it with interested state institutions and bodies, social partners and  consumer protection organisations  
Statistics Lithuania
Working Group for the Protection of Consumer Rights and Social Affairs
Within one month from the date of the EU Council Decision on Abrogation of a Derogation and Euro Adoption in the Republic of Lithuania
9.20.2.
To prepare and publish, on the Official Statistics Web Portal, statistical information on 100 main homogeneous goods and services: from the beginning of the period of mandatory dual display of prices in litas and euro to the date of the euro adoption, and the month following the euro adoption date – average retail prices in litas and euro and their changes, and the next 5 months – average retail prices in euro and their changes
Statistics Lithuania

Each month on the 9th working day after the end of the reporting month
9.21.
To monitor advertising done by financial market players, with a view to ensuring  the adherence to the requirement of dual display of  prices in litas and euro
Bank of Lithuania

During the period of mandatory dual display of prices in litas and euro
9.22.
To prevent  misleading or unlawful comparative advertising, and including fallacious indication of prices in litas and euro
Competition Council of the Republic of Lithuania (hereinafter – Competition Council)

From the date of adoption of the EU Council Decision on Abrogation of a Derogation and Euro Adoption in the Republic of Lithuania to 1 January 2016
9.23.
To perform a market supervision function – to carry out targetted inspections in trading venues with a view to ensureing the adherence to the requirement of dual display of  prices in litas and euro
State Food  and Veterinary Service, State Non Food Products Inspectorate 
Working Group for the Protection of Consumer Rights and Social Affairs  
During the period of mandatory dual display of prices in litas and euro
9.24.
Within respective competences,to investigate claims and appeals of natural and legal persons, and changeover-related disputes
State Consumer Rights Protection Authority, Competition Council, Bank of Lithuania, Communications Regulatory Authority of the Republic of Lithuania, State Energy Inspectorate under the Ministry of Energy, National Control Commission for Prices and Energy and other institutions dealing with claims, appeals and disputes

From the date of adoption of the EU Council Decision on Abrogation of a Derogation and Euro Adoption in the Republic of Lithuania to 1 January 2016
9.25.
Within respective competences, to submit to the State Consumer Rights Protection Authority statistical data and statements on changeover-related consumers claims, , along with recommendations for taking measures to avoid similar infringements in the future
Competition Council, Bank of Lithuania, Communications Regulatory Authority of the Republic of Lithuania, State Energy Inspectorate under the Ministry of Energy, National Control Commission for Prices and Energy, other institutions dealing with claims, appeals and disputes

Each month following the EU Council Decision on Abrogation of a Derogation to the Republic of Lithuania and euro adoption date in the Republic of Lithuania till 1 February 2016 
9.26.
To summarize the information specified in item 9.25 of this plan and to submit it to the Government of the Republic of Lithuania
State Consumer Rights Protection Authority

Each month following the EU Council Decision on Abrogation of a Derogation to the Republic of Lithuania and euro adoption date in the Republic of Lithuania till 1 March 2016
9.27.
After summary of the information received from other institutions concerning changeover-related consumers claims, to make a list of the most frequent violations and violators , and publish it on the website  
State Consumer Rights Protection Authority

During the period of mandatory dual display of prices in litas and euro
X. BANKING
10.1.
To establish the demand for euro in circulation: 
 
 
 
10.1.1.
To make a euro demand projection (by denomination)
Bank of Lithuania
Cash Working Group
15 February 2014
10.1.2.
To agree the scale of euro issuance with the ECB prior to the issuance of euro into circulation    
Bank of Lithuania
Cash Working Group
1 July 2014
10.2.
To provide with euro cash:
 
 
 
10.2.1.
To draw up, agree and sign an agreement on borrowing euro banknotes with the ECB   
Bank of Lithuania
Cash Working Group
1 August 2014
10.2.2
To approve samples of euro coins with the national side (obverse)
Bank of Lithuania
Cash Working Group
1 April 2014
10.2.3.
To draw up, agree with a manufacturer of coins and to sign a contract for minting euro coins and producing sets of euro coins
Bank of Lithuania, Private Limited Company Lithuanian Mint
Cash Working Group
1 July 2014
10.2.4.
To provide images of the national side (obverse) of circulation euro cents and coins to the Addendum “Informaciniai Pranešimai” to the Official Gazzette and the Official Journal of the European Union   
Bank of Lithuania  

Upon adoption by the Council of the European Union of the decision on the abrogation of the derogation for the Republic of Lithuania and euro adoption in the Republic of Lithuania
10.3.
To collect and destroy litas, allocate, store and transport euro: 
 
 
 
10.3.1.
To draw up cash changeover guidelines
Bank of Lithuania
Cash Working Group
1 March 2014
10.3.2.
To set up a Cash Changeover Surveillance Group of the Bank of Lithuania and approve its working regulation
Bank of Lithuania
Cash Working Group
1 May 2014
10.3.3.
To collect and summarize information about the vaults or sites fit for cash custody available in banks, cash-in-transit (CIT) companies or other companies, institutions or organisations where cash could be stored, and to draw up a plan for euro allocation, custody and transportation 
Bank of Lithuania, banks,  CIT companies, other companies of the Republic of Lithuania with sites available for cash safekeeping
Cash Working Group
1 May 2014
10.3.4.
To agree with the banks the demand for euro to be frontloaded, denomination structure, terms of delivery and to sign with them the contracts for frontloading of euro banknotes and coins    
Bank of Lithuania, banks
Cash Working Group
1 August 2014
10.3.5.
To carry out the frontloading of euro banknotes and coins to the banks
Bank of Lithuania, banks
Cash Working Group
31 December 2014
10.3.6.
To carry out the sub-frontloading of euro banknotes and coins to the customers 
Banks,  CIT companies
Cash Working Group
31 December 2014
10.4.
To ensure safe transportation of euro cash to the vaults of the banks, other companies, institutions or organisations with which cash custody agreements will be concluded 
Bank of Lithuania, Ministry of the Interior, banks, CIT companies, other companies of the Republic of Lithuania with which cash custody agreements have been concluded
Cash Working Group
31 December 2014
10.5.
To adjust the existing information systems of the Bank of Lithuania and the existing system interfaces , ensuring the possibility of cash service, to operate in two currencies or to create new systems    
Banks,  Bank of Lithuania
Cash Working Group
1 July 2014
10.6.
To envisage additional organisational measures ensuring smooth collection of litas and dispensing of euro in banks, the Lithuanian Post Office and the Bank of Lithuania:
 
 
 
10.6.1.
To get the staff ready for handling cash to ensure smooth collection of litas and dispensing of euro  
Banks,  Lithuanian Post Office, Bank of Lithuania
Cash Working Group
1 September 2014
10.6.2.
Where necessary, to recruit new staff and train it to handle cash, providing them with flexible work schedules
Banks,  Lithuanian Post Office, Bank of Lithuania
Cash Working Group
Upon necessity
10.6.3.
To envisage and apply measures for encouraging customers to start returning litas and cent coins as soon as possible
Banks, Bank of Lithuania
Cash Working Group
1 September 2014
10.6.4.
To approve and apply measures for informing customers about major aspects of the euro adoption 
Banks, Lithuanian Post Office

1 July 2014
10.6.5.
To draw up, agree with the banks and approve a list of bank branches where, for 6 months following half a year from the date of the euro adoption,  litas banknotes will be exchanged free of charge
Bank of Lithuania 
Cash Working Group
1 March 2014
10.6.6.
To approve and apply measures designated for the preparation of the ATM network infrastructure for dispensing euro banknotes 
Banks, Bank of Lithuania
Cash Working Group
1 November 2014
10.7.
To reform the payment systems:
 
 
 
10.7.1.
At the approval of market players, during a one-year transitional period, to adjust the existing retail payment system to settlement in euro, disregarding  the requirements of the Single Euro Payments Area (hereinafter - SEPA); to use this system to provide credit institutions with a service enabling them to receive and provide information on debit payments (effecting of enforcement orders) 
Banks, Bank of Lithuania
-
1 January 2015
10.7.2.
To take a decision on the expediency of the development of a local euro retail payment system 
Banks,  Bank of Lithuania

15 July 2014
10.7.3.
Following the decision to develop a euro retail payment system in line with the SEPA requirements, to act upon it and to provide its services from 2016    
Bank of Lithuania

1 January 2016
10.7.4.
To implement the requirements of Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009 (OJ 2012 L 94, p. 22), including the substitution of national niche payment instruments (enforcement orders, debit orders and orders for agricultural products) for SEPA instruments, and to draft necessary legislation     
Bank of Lithuania, payment service providers, Ministry of Finance  

1 January 2016
10.8.
To draw up  a procedure for setting and publication of euro foreign exchange reference rates, which are not published by the European Central Bank
Bank of Lithuania

1 November 2014
XI. PUBLIC INFORMATION
11.1.
To achieve the objectives set in the Public Information on the Euro Adoption and Communication Strategy of Lithuania and to implement the communication tools indicated in Annex 2 to this Strategy
Ministry of Finance, Bank of Lithuania, Office of the Government of the Republic of Lithuania, Ministry of Economy, State Consumer Rights Protection Authority, other responsible institutions
Public Information Working Group
Within the terms indicated in the Strategy and its Annex 2
11.2.
Following the Partnership Agreement signed with the European Commission on 2 February 2010, to coordinate the draft Grant Agreement with the European Commission
Ministry of Finance
Public Information Working Group
1 February 2014
11.3.
To disseminate information at international and EU level considering the need to provide adequate information to the EU institutions and EU Member States involved in the decision-making process concerning the eurozone, also to foreign states to which Lithuania’s membership of the eurozone might be relevant due to economic or political reasons.
Ministry of Foreign Affairs,  Ministry of Finance, Bank of Lithuania, state institutions within the sphere of competence
Public Information Working Group
1 July 2014
 
_______________________