Foreign Investors in Lithuania Invested Twice as Much as They had Pledged
Published:
31 March 2003 y., Monday
In 1998-2001, foreign investors into state-owned entities invested EUR 96.8 million or twice the amount they had pledged to invest and the number of jobs they retained exceeded the expected level by 2,500 jobs, according to the report of the State property Fund.
The State Property Fund monitored the implementation of 641 privatisation deals signed between 1998 and 2002.
Buyers of Lithuanian state-ownned companies had been obliged to retain 16,000 jobs but actually 18,500 jobs were retained. Additional jobs were created at the national gas company Lietuvos Dujos, shipper Lisco Baltic Service and some other companies
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Wincor Nixdorf International GmbH is successfully expanding its business activities in Ukraine
more »
Wincor Nixdorf supplies initial 50 ATMs to Cardpoint Germany and takes responsibility of the complete operation of the self-service estate
more »
Weakness of education system, high cost of living make it hard to attract top workers
more »
Share trading turnover jumped 62% from January to February on the Budapest Stock Exchange
more »
Latvia, the former Soviet state that's pressuring banks to clamp down on financial crime, has the most to do of any European Union member when it comes to tackling money laundering, a U.S. government report said
more »
Russia's foreign debt decreased USD9.2bn in 2004 to USD110.5bn as of January 1, 2005, the Russian Finance Ministry said
more »
Italy is going to increase by 50 percent the volume of investments in the Russian economy, Italian deputy industry minister Dr. Adolfo Urso said on Wednesday presenting in Moscow the program 2005
more »
In the course of Ukrainian President Viktor Yushchenko's visit to Germany on March 8 to 9, Naftogaz Ukrainy oil company and DeutscheBank signed a financing agreement worth EUR2bn
more »
Nokia and Hungarian operator Pannon GSM have signed an agreement for the expansion of Pannon’s GSM network and upgrade to EDGE in greater Budapest
more »
According to preliminary figures of the Central Statistics Office (KSH), Hungary’s foreign trade grew at a faster pace in 2004 than in previous years
more »