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
The Bank of Lithuania, the Baltic country's central bank, said Thursday that it had approved a plan to replace the litas, Lithuania's national currency, with the euro
more »
Capital Intelligence affirms rating for Parex banka with a positive outlook
more »
The Georgian parliament has approved the bill on tax amnesty at a meeting today
more »
The National Bank of Serbia (NBS) has definitively revoked the licence of Raj Bank
more »
Russian state oil company Rosneft has become the new owner of Yuganskneftegaz by buying 100 percent of the shares of previously unknown Baikalfinansgroup
more »
VOLUME OF TRADE BETWEEN RUSSIA AND BELARUS MIGHT EXCEED $16 BILLION BY THE END OF 2004
more »
A Luxembourg-based European courton Wednesday turned down an appeal by Microsoft to delay sanctions imposed on the software giant by the European Commission
more »
Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive
more »
YUKOS’ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOS’ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes
more »
The main production unit of embattled Russian oil giant Yukos has been forcibly auctioned off
more »