The Economic Impact of Integration into the European Union

The Europian Union is a political organization, the aim of which is to unite Europe industries, to make them more efficient and to promote peace and co-operation. Membership of the EU is one of the main objectives in Lithuania's foreign and general policy. Joining the EU is a really important historical step which will make a great impact on areas such as environment, health, social security and many other spheres of live. Economic development of …

…movement of goods, services and capital and thus improves economy. To summarise, integration into the European Union will have a great impact on the country as a whole and on its economy in particular. It will guarantee financial support from the EU budget, stimulate the development of small and medium business, and facilitate trade in the framework of the Common Market. All in all, Lithuanian economy will benefit from the membership of the European Union.