A referendum on a law revoking privatisation deals was held in Lithuania on 27 August 1994.Dieter Nohlen & Philip Stöver (2010) Elections in Europe: A data handbook, p1201 The proposed law put forward procedures for reversing privatisation deals conducted in a non-transparent manner, as well as compensating citizens for the loss of savings caused by inflation.Nohlen & Stöver, p1210 A total of eight questions were asked, and although around 89% voted in favour of all of them, the voter turnout of 40% meant that the threshold of 50% of registered voters voting in favour was not passed, resulting in the proposal failing.
Results QuestionForAgainstInvalid/blankTotalvotesRegisteredvotersTurnoutOutcomeVotes%Votes%Enactment of a law on privatisations749,17289.0092,59311.0054,014895,7782,428,10536.89Repeal of illegal privatisations748,86688.9692,90011.04Elimination of the consequences of privatisations747,62488.7494,90011.26Restoration/compensation for devalued private bank accounts749,84789.0891,91710.92Indexation of the value of long-term investments748,17188.8893,59211.12Restoration of devalued state-owned share capital747,75588.8394,00811.17Standardisation and openness in legal protection751,95589.3389,81110.67Implementation of the law on privatisations749,35689.0292,40910.98Source: Direct Democracy
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