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
Russian economy minister German Gref told reporters of Russian daily Kommersant that the government’s direct involvement in oil business was "unjustified"
more »
Lithuanian exports were 18,259 bill. litas (€ 5,3 bill.) and imports 24,454 billion litas (€ 7,1 bill.) during the first nine months of 2004
more »
During a year the port of Klaipeda handles over 150 thous. TEU (twenty-foot equivalent units)
more »
"Gazprom" and "Beltransgaz" Ink Contract on Gas Supply and Transit
more »
KeyCorp to launch services in early 2005
more »
The Hungarian economy, set to expand at around 4% both last year and in 2005, is back onto a sustainable, export-led, growth track
more »
The end-2005 jobless rate for Poland, the largest of the 10 newest EU members, compares with an expected 8.3 percent in the neighboring Czech Republic, the second largest of the EU entrants
more »
A subsidiary company of India’s Oil & Natural Gas Corporation (ONGC Videsh) would like to buy a 15 percent stake in Yuganskneftegaz, the former crown jewel of Yukos Oil Company
more »
The volume of Azerbaijan’s gold and currency reserves on December 1 totalled to $873.16 million, according to the National Bank of Azerbaijan
more »
Central Bank of Russia’s public relations department announces that since the beginning of 2004 gold and currency reserves volume has increased by $44.5 billion or by 58 percent as compared to the same period last year
more »