Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

The First Millionaires of Kaunas: From Private Jets to Prison Cells

Summary by lrytas.lt
In Lithuania, the collapse of the first commercial banks, credit firms and trading companies in 1994–1995 seemed like a national economic catastrophe. At the same time, it marked the boundary between the era of wild capitalism and the new order based on the rules of the game dictated by political and financial clans. The first to taste the fruits of the free market were the Kaunas millionaires, who were the first to receive it through their ears…
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

1 Articles

In Lithuania, the collapse of the first commercial banks, credit firms and trading companies in 1994–1995 seemed like a national economic catastrophe. At the same time, it marked the boundary between the era of wild capitalism and the new order based on the rules of the game dictated by political and financial clans. The first to taste the fruits of the free market were the Kaunas millionaires, who were the first to receive it through their ears…

·Vilnius, Lithuania
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

lrytas.lt broke the news in Vilnius, Lithuania on Saturday, August 1, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)
News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal