So the pending deal between Lithuania and the U.S. energy company Williams International would place too heavy a financial burden on the state? Indeed, the cost of recapitalizing a state-owned company mired in an economic slump will not be small for Lithuania, though some analysts say long term benefits could prove ample compensation.But the funny thing about Rolandas Paksas' surprise announcement that he will not endorse the deal is that none of these details constitute new information. Williams has been negotiating with Lithuania to buy a 33 percent stake in the oil complex for more than ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
