Privatization process in Lithuania

According to the Law on Privatization all bidders have equal rights in the privatization process.Historic Overview Of Privatisation Process In Lithuania.The entire privatization process may be divided into three major stages.This phase may be called a mass privatization for vouchers with some elements of cash sales.Commission were established in late 1995 to administer the process.Lithuania was comparatively small.Individual ministries were not interested in preparation of objects for privatization.Lithuanian Development Agency.Republic Of Lithuania Law On The State Property Fund.The first stage covers the privatization that took place from September.