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Historic overview or privatisation process in Lithuania
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Privatization process was launched in Lithuania in September 1991 and since then it has constituted an integral part of Lithuania's economic reforms. The entire privatization process may be divided into three major stages: • The first stage covers the privatization that took place from September 1991 until July 1995. This phase may be called a mass privatization for vouchers with some elements of cash sales. The voucher method was chosen as the most effective way of transferring the ownership of the state-owned enterprises.
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2009-07-09 |
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