Ignalina closure costs tallied

Jun 13, 2002
Baltic News Service, VILNIUS

Thirty-two billion litas equals the country's gross domestic product (GDP) of about nine months. The latest survey showed that without the nuclear plant Lithuania's economic growth would decline by 1 percent each year.

The consequences were presented in a survey on macroeconomic effects of the plant's decommissioning carried out by Raimondas Kuodis, director of Monetary Policy Department at Lithuania's Central Bank.

He said the EU is likely to cover part of funds needed for closure, but it will not refund long-term losses.

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