VILNIUS Vic Beasley Jr Jersey , May 15 (Xinhua) -- The economic indicators that the European Union institutions will use when deciding on Lithuania's eligibility to adopt euro were revealed on Thursday, announced Bank of Lithuania.

On May 15, the average annual inflation in Lithuania was 0.6 percent, long-term interest rates was 3.6 percent, the general government deficit to GDP (gross domestic product) ratio was 2.2 percent, and the general government debt amounted to 39.4 percent of GDP.

The forecasted convergence criteria for the above mentioned items are respectively 1.1 to 1.7 percent, 5.4 to 6.5 percent, 3.0 percent and 60.0 percent.

According to Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, these indicators show that Lithuania has reached a sufficient convergence level.

"The final conclusion of whether to invite (Lithuania into the euro area) or not will be written by the EU institutions," said Vasiliauskas in a statement. "However, in the Bank of Lithuania's assessment, there are no more reasons left for a negative decision."

The European Central Bank (ECB) and the European Commission (EC) are expected to announce reports on Lithuania's convergence in early June based on the economic data of Thursday, said Bank of Lithuania.

The final decision based on those reports should be announced at the end of July.

Lithuania aims to adopt the euro in 2015 as the last of the Baltic countries.

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