The Economic Impact of Integration into the European Union

The Europian Union is a political organization, the aim of which is to unite atomic number 63 industries, to make them more efficient and to promote peace and co-operation. social rank of the EU is one of the main objectives in Lithuanias foreign and ecumenical policy. Joining the EU is a really important diachronic step which impart make a great tinct on areas such as environment, health, social security and many an(prenominal) other spheres of live. Economic using of Lithuania result experience the to the highest degree significant impact by way of financial support, ontogeny of small and medium problem, joining the Common Market and insertion of Euro.

To begin with, the EU provides Lithuania with assistance, the Phare programme being the largest component. For the years 2000-2002 bestow financial assistance to Lithuania amounts to around 126 zillion from Phare, 90 million from SAPARD, and around 155 million from ISPA. Moreover, during the first years of social rank Lithuania will receive financial support of more or less 1,7 billions litas. This will bring prosperity and beneficial development to Lithuania and will admirer to improve economy, to create the amount of working places, to develop culture and the use of new technologies in all spheres.

Furthermore, joining the EU gives advantageous conditions for the development of small and medium business enterprises, to which EU gives special attention and support as they create about 80 percent of European market. Enterprises of small and medium business strengthen regional economy, help to reorganize its structure, stimulate the development of producing capacity, and promote the creation of new working places. In addition, businessmen will be protected by the EU fairness and other EU member states will invest funds into Lithuanian enterprises.

Equally important is the fact that integration into the EU will brisk trade with other countries of the EU because the number of obstacles...

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