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
British oil major BP is pledging millions of dollars to Georgia as part of the construction of the Baku-Tbilisi-Ceyhan (BTC) pipeline
more »
Poles signed waiting lists Sunday for a chance to buy shares in their largest bank, using a signup system from communist times to impose order on the crush of interested investors
more »
"GLOBAL FINANCE": KOMERCIJALNA BANKA, BEST BANK IN MACEDONIA FOR 2004
more »
The Polish government did not bow to pressure following Parliament's resolution on Friday's declaring that foreign investors would be excluded from the privatization of bank PKO BP
more »
Russia may stop providing air navigation lines to the national airlines of CIS member countries, including Armenia, for their debts
more »
A four-lane highway linking Romania westward to Hungary and the rest of Central Europe and eastward to the Black Sea will be built with the assistance of a $180 million loan guarantee from the Export-Import Bank
more »
The Lithuanian government has written to the Dutch Presidency expressing outrage at a recent decision to standardise the word 'euro' across all EU languages
more »
Kazakhstan plans to produce about 1.3m barrels (160,000 tons) of oil a day in 2005
more »
The Russian oil company YUKOS has paid RUR 75bn (about $2.53bn) out of its RUR 99.4bn (about $3.4bn) tax debt for 2000
more »
Representatives of Japanese embassy in Uzbekistan will sign new grant contracts in Tashkent on 8 October
more »