EU welcomes Latvia’s switch to EuroJanuary 7, 2014 - 13:24 AMT PanARMENIAN.Net - The European Union said Monday, Jan 6 that the introduction of the Euro in Latvia was going according to plan after the small Baltic nation became the 18th member of the single currency zone last week, according to RIA Novosti. Two thirds of cash payments in Latvian shops are being made with euros and more than a third of Latvian citizens said that they were now carrying only euros, the European Commission said in a statement. Latvia became the newest country to join the euro zone on January 1, a landmark step towards European integration for the former Soviet nation which is already a member of the EU and the North Atlantic Treaty Organization. “The retail sector has been coping well with the changeover process and parallel handling of two currencies,” the European Commission said. “No major problems regarding queues or problems at the tills have been reported.” The transition period for the introduction of the new currency will last until January 14. The lat, Latvia’s outgoing currency that was introduced in 1993 after the fall of Communism, will disappear when the changeover is complete. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |