Privatization process in Lithuania
реферат по экономике.
дата: 21.10.2009
кол-во страниц: 5 размер: 3.39 kb |
   |
Скачать
3.39 kb
(загрузки: 24)
Просмотр:
Privatization process in Lithuania
HISTORIC OVERVIEW OF PRIVATISATION PROCESS IN LITHUANIAprocess 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. The privatization of state assets in Lithuania during that phase has been based on the Law on Initial Privatization of State
Property passed in late 1991 and amended in 1993. As a result of that phase, Lithuania has become a country with a majority of the GNP generated in the private sector.
. The second phase of privatization started in July 1995 with the introduction of a new Law on Privatization of State and Municipal
Property. A State Privatization Agency and a State Privatization
Commission were established in late 1995 to administer the process.
According to the Law, the second phase will call for cash privatization of remaining state and municipal property at market prices. Local and foreign investors will have equal rights in purchasing the companies offered for the privatization in Lithuania. During the second phase of privatization the government will have to decrease its control in the sectors of economy generally recognized as the state monopoly through the cash sales. According to the Law on Privatization all bidders have equal rights in the privatization process. Previously existi...
Показать следующую страницу
HISTORIC OVERVIEW OF PRIVATISATION PROCESS IN LITHUANIAprocess 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. The privatization of state assets in Lithuania during that phase has been based on the Law on Initial Privatization of State
Property passed in late 1991 and amended in 1993. As a result of that phase, Lithuania has become a country with a majority of the GNP generated in the private sector.
. The second phase of privatization started in July 1995 with the introduction of a new Law on Privatization of State and Municipal
Property. A State Privatization Agency and a State Privatization
Commission were established in late 1995 to administer the process.
According to the Law, the second phase will call for cash privatization of remaining state and municipal property at market prices. Local and foreign investors will have equal rights in purchasing the companies offered for the privatization in Lithuania. During the second phase of privatization the government will have to decrease its control in the sectors of economy generally recognized as the state monopoly through the cash sales. According to the Law on Privatization all bidders have equal rights in the privatization process. Previously existi...
Показать следующую страницу