Working Life Barometer in the Baltic Countries 2002 (pdf) - mol.fi

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In 1997 the Government of Lithuania offered for privatisation some of the
state-owned strategic enterprises in the sectors of transport, energy and
telecommunications, such as Lithuanian Airlines, Lithuanian Telecom,
Lithuanian Shipping Company, and others.
Under the major privatisation transactions concluded in 1998-2000, the buyers
assumed obligations to invest more than 1.9 billion Litas into the acquired
companies and to retain or create more than 25 thousand jobs. The most
important transaction was the privatisation of the Lithuanian Telecom.
The sale of land started in 2001.
Currently, the privatisation list comprises more than 3 thousand companies
with a total state (municipally)-owned share amounting to 2.3 billion Litas. It
contains a wide range of companies in different sectors. Up for sale there are a
number of companies in the transport sector (Lithuanian Airlines), hotels and
guesthouses situated conveniently in the centres of major towns or on the
Baltic coast, producers of electro-technical goods, car and drugs
manufacturers and several companies in the chemical and pharmaceutical
industries. The privatisation list also contains a considerable number of real
estate properties of various sizes.
In the future, the privatisation of the remaining state-owned medium
companies, small blocks of shares and real estate properties will be further
carried on. In the short-term, such large enterprises as Lithuanian Gas,
Lithuanian Energy and Lithuanian Railways are scheduled for privatisation.
Before privatisation the aforesaid companies are going to be restructured.
(Lithuanian State Property Fund information, 2002)
STANDARD OF LIVING
The average monthly gross earnings in 2001 was 991.2 Litas. It rose every
year since 1995 and grew twice in 2001 in comparison with 1995, when it was
480.9 Litas. The average monthly gross earnings in public sector in 2001 was
1102.7 Litas and was bigger than in private sector, where it was 899.9 Litas.