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
Kitron to Triple Turnover of its Electronics Plant in Kaunas
more »
Dollar Strengthens as U.S. Growth Accelerates and Yields Rise
more »
The European Commission's competition department has closed its probe into the alleged anti-competitive behaviour by BEB, a German joint venture of ExxonMobil and Shell
more »
The European Union announced that it has banned 112 rogue ships from entering its ports
more »
Harmful tax schemes are widespread throughout the 10 countries due to join the European Union next year
more »
Hungary's privatization agency, APV Rt. said Thursday that it has invited five of six bidders into the second round for the sale of state-owned retail bank Postabank Rt
more »
Eastern Slovakia forces itself on to the map for foreign investors
more »
The Georgian government and the International Monetary Fund remain at odds over ways to close the Caucasus country’s widening budget deficit, and over other measures to improve economic policy
more »
Uzbek authorities are promising yet again to implement economic reforms long demanded by international financial institutions, and long resisted by Tashkent
more »
At the end of June 2003, official international reserves of Bank of Lithuania made up LTL 8,380.8 million
more »