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. Last Updated: 07/27/2016

Land Market Opens U

VILNIUS () -- Lithuania's parliament passed a key constitutional amendment Thursday allowing foreigners to buy nonagricultural land for business purposes, the state-owned ELTA news agency said.


The amendment was seen as vital to boost foreign interest in Lithuania, though it applies only to the so-called G-24 group of developed countries and states of Central and Eastern Europe.


The exclusion of Russia and other CIS states was made at the insistence of right-wingers, who feared the country's eastern neighbors would come to dominate the land market.