Adolfas Šleževičius

Previously a manager in a state dairy company, Šleževičius was appointed prime minister following the election of Algirdas Brazauskas as president in February 1993.

At the time, Lithuania was faced with monthly inflation of 10–30% despite the demonetization of the ruble and introduction of the talonas (coupon money) on 1 October 1992.

[1] After initially promising large wage hikes to state workers, Šleževičius implemented a smaller increase and backed a tightening of monetary policy by the Bank of Lithuania.

The fixing of the exchange rate contributed to large capital inflows from abroad, which helped to finance the modernization of the economy in the years to follow.

He faced criminal charges regarding corruption and forgery, but after four years of investigation, the case was dismissed before reaching a court.