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
Romanian business delegation from the energy sector will be visiting India in March to explore possibilities of investment in refineries, oil and gas fields.
more »
A U.S. bankruptcy judge on Thursday dealt a blow to Yukos’ bankruptcy case, ruling the embattled Russian oil company cannot seek information about whether oil monopoly Gazprom illegally took part in the sale of Yukos’ main oil producing unit
more »
Russian Agricultural Minister Alexei Gordeyev said on Saturday that Russia intends to promote production of its agrarian companies to the EU market
more »
Security company wins contract with Austrian banks
more »
Deutsche Bank AG wants to expand its Russian banking operations and is considering purchasing stakes in two Moscow banks
more »
A government-sponsored agency said Thursday it attracted investments worth over $2 billion in the Czech Republic last year
more »
The Russian Finance Ministry has set aside $85.273 million and 9.328 million euros for its next payments to the International Monetary Fund (IMF), the ministry said
more »
The Russian government approved on Thursday a package of six bills intended to improve the country's bankruptcy laws
more »
The deficit of trade of the Republic of Moldova could exceed one billion USD in 2005
more »
Labour Ministry: Interim period for labour from new EU states causes problems
more »