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Y2K: More serious than you think

May 20, 1999
By Lucas Rozsa

After completing an exhaustive global study of individual countries' preparations for the year 2000 crisis, also known as Y2K, a leading international research firm has projected that fully two-thirds (66 percent) of Baltic and Russian businesses will fail as a result of direct and indirect consequences of Y2K equipment and computer failures. Although this Baltic projection was made based on research in Lithuania, few analysts dispute that Lithuania and Latvia are neck-and-neck in their efforts ...

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