A referendum on a law revoking privatisation deals was held in Lithuania on 27 August 1994.[1] 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.[2] A total of eight questions were asked, and although around 89% voted in favour of all of them, the voter turnout of 39.6% meant that the threshold of 50% of registered voters voting in favour was not passed, resulting in the proposal failing.[2]
