News In Brief

Ticker

Lithuania to hold referendum on land sales to foreigners

18.02.14 @ 09:26

  1. By EUOBSERVER

A campaign backed by Ramunas Karbauskis, one of Lithuania's biggest landowners, has forced it to hold a referendum on imposing a permanent ban on land sales to foreigners, Reuters reports. The ban, imposed in 2004, is to expire in May in line with EU law on free movement of capital.