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The World Bank undertook an investment climate assessment in Lithuania in 2004 as part of its efforts to support member countries through in-depth analysis of major microeconomic constraints in their business environments.
Lithuania's long-term economic
strategy aims at building the foundations for achieving
rapid convergence with Western European countries. The
medium-term objective of the economic policy is to meet the
Since the establishment of
Lithuania's independence, the country achieved
substantial progress in transforming its local governments
into independent units of Government: structural reforms to
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