The state-run credit insurance company Lietuvos Eksporto ir Importo Draudimas (LEID), the Lithuanian Export-Import Insurance Company, is to be sold into private hands soon, according to a report in the daily Lietuvos Rytas on Tuesday (14 October).
A group of legislators put forward a draft law called "Export Credit Insurance with Government's Participation" in 2001. The bill has only recently started its passage through the parliament - just in time for the legislators to adopt it before LEID is put up for sale.
The bill, which is currently being discussed in the parliament's committees, provides that only a credit insurance company set up under the Law on Public Debt, that is, LEID, is entitled to support from the state.
