Administrative divisions of Lithuania Lithuanian: "rajonas"): Kaunas Region with 23 districts, Klaipėda Region with 16 districts, Šiauliai Region with 24 districts, and Vilnius Region with 24 districts. The townships were abolished and the districts were further subdivided into apylinkės. In 1984 there were 527 apylinkės in Lithuania. Both regions and districts were named after their capitals. Three exceptions were: Smėliai District had its capital in Ukmergė (also capital of Ukmergė district), Panemunė District – capital Garliava, and Klaipėda District – capital Gargždai. In addition to districts, there were five (Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys) region-administered cities (Lithuanian: "srities pavaldumo miestas"). They had similar
Economy of Lithuania degrees of business, fiscal, and financial freedom. Lithuania is a member of the EU and the WTO, so regulation is relatively transparent and efficient, with foreign and domestic capital subject to the same rules. The financial sector is advanced, regionally integrated, and subject to few intrusive regulations. One of Lithuania's most important reforms was the privatization of state-owned assets. The first stage of privatization was being implemented between 1991 and 1995. Citizens were given investment vouchers worth €3.1 billion in nominal value, which let them participate in assets selling. By October 1995, they were used as follows: 65% for acquisition