In 1990 Elena Leontjeva, together with other five economists, founded the Lithuanian Free Market Institute, which at the time of its establishment was one of Lithuania‘s first private non-profit organizations. In 1993 she was elected president of LFMI and worked in this position until 2001. Her active involvement in establishing the securities market and the Stock Exchange, implementing banking reform and creating a currency board system won her recognition in official circles. In 1994 Elena became State Councillor on economic reform issues and served in this position throughout seven consecutive administrations. In 1998 and 1999 Elena Leontjeva was Economic Advisor to President Adamkus. Her input has been instrumental in tax, social security and institutional reforms, the latter known as Sunset and Sunrise. She published widely in the press. Elena resigned from the position of LFMI’s president in 2001 to dedicate herself to fiction writing. At present she is chairperson of the LFMI‘s Board.