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Aware: 2020-09-22 07:20
Loreta Grekauskienė, Executive Director of EBV Finance. Company photo
EBV Finance, a Lithuanian registered tax refund services company that has joined the Edenred global corporation, is developing and establishing an operations center in Lithuania.
At the beginning of the year, the global Edenred Corporation acquired a majority stake in EBV Finance and transferred the management of other Edenred subsidiaries operating in other countries with similar activities to the Lithuanian company, according to a press release.
Following the completion of the transaction, it was decided to transfer the hub operations of the subsidiaries managed by EBV Finance to Lithuania.
“We are expanding the network of representative offices in Europe by concentrating the operations of the operations center in Lithuania. This year alone, 40 new jobs will be created in the Vilnius office. Development is expected to continue in 2021 as well, ”says Loreta Grekauskienė, Executive Director of EBV Finance.
EBV Finance, which has been operating for seven years, provides fast and standard VAT and excise refunds to European transport companies. EBV Finance returns VAT from 31 European countries and a part of the excise duty on diesel fuel from 7 EU countries to transport companies that have purchased fuel abroad and incurred other costs.
According to a press release, by acquiring shares in EBV Finance, Edenred has strengthened its market position and expanded its range of value-added services to international carriers in Europe.
“We have followed the development of EBV Finance in the market and have seen an exceptionally successful growth of the company. Lithuania’s innovation and technological excellence are in line with the Group’s strategy to strengthen the offer of quality value-added services in the transport sector. To be leaders in this sector, we have achieved market concentration, we have linked EBV Finance with the companies that are already owned by the corporation “, comments Antoine Dumurgier, representative of Edenred.
Edenred offers special purpose payment solutions for food (meal vouchers), vehicle mobility (fuel and transportation cards), incentives (gift vouchers, employee engagement platforms) and business payments (virtual cards). 2019 the group of companies owned 31 billion. Eur business.
Edenred is listed on the Paris Euronext Stock Exchange and is included in the CAC Next 20, FTSE4Good, DJSI Europe and MSCI Europe indices.
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