Most export restrictions have been eliminated. There are export bans on five products that will expire in May 1996. Regulation of trade in strategic goods and technology, cultural objects, nonferrous scrap and waste apply to exports as well as imports. There are no restrictive requirements for domestic or foreign travel. A series of laws dealing with foreign investments guarantee repatriation of after-tax profits and capital.
Moves are under way to allow for foreign companies to own property.
The exchange rate is fixed by the government in consultation with the Bank of Lithuania. There are no restrictions on making transfers and payments for imports of goods and services. Proceeds from exports of goods and services are not required to be repatriated to Lithuania. Approximately 25-35 percent of GDP is generated by the private sector. Government expenditure was 29 percent of GDP in 1994.