Elena Leontjeva co-founded the Lithuanian Free Market Institute (LMFI) in 1990 and acted as its President from 1993 until 2001. Currently she is the President of the LMFI again, and serves as the chairwomen of the Board of the Lithuanian Free Market Institute. She has directed research and policy advocacy at the Institute, whilst playing a key role in her country’s transition. She has contributed to the reforms in the Banking system, introduction of the Currency Board and the Litas Credibility Law, building the legal foundations for the Securities Market and the Stock Exchange, Deregulation, Tax and budget reform as well as the introduction of Private Pension Insurance. She has published widely in press. Ms Leontjeva has served as a State Councillor on economic reform in six consecutive administrations, and in 1998-9 has been chief economic advisor to Lithuanian President Valdas Adamkus. She served on official bodies engaged in the transition, such as the Securities and Exchange Commission, the Sunset Commission, etc.