Government Asset Sale Sends Positive Signals To Investors

Facing the prospect of a second consecutive full year in recession, the Lithuanian government has announced that it is considering the sale of state-owned assets in order to scrape together sufficient funds for the construction of a much-needed nuclear power plant (NPP). CFW notes that, if successful, the sale of state-owned energy and real estate companies will provide crucial capital for the struggling project - which will cost an estimated US$6.15bn - and has significant implications for Lithuania's energy security as well as that of its regional neighbours.

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