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In her post, the minister said that the second package of subsidies would only go to those most affected.
“According to preliminary plans, for those whose billing was reduced by 60%. And more. But it is still up to the Government to decide. A tighter circle of beneficiaries will allow a more generous subsidy to be paid, which we hope will help companies to cover at least part of the costs incurred. We allocate 50-70 million for this. “, wrote the parliamentarian.
There is also a compensation for the market tax, as well as two measures that are still unusual for the activities of the Ministry of Economy: compensation for employees who perform tests and a subsidy for the self-employed, depending on an individual activity or a business license. .
Decisions on these measures should be made by the government next week.
“We will allocate 30 million for this. And the amount of the benefit will be 100%. 2019 GPM paid. The benefit will be a lump sum, in addition to what the Employment Service pays monthly. Decisions on these measures must be made by the Government next week, and administrations are already preparing to start implementing them this month, ”said A. Armonaitė.
Businesses will be phased out
The Minister also stated that Lithuania must prepare to live with the virus and return to a life in which COVID-19 and similar viral infections will always be close to us.
“In the day-to-day life of the Ministry of Economy and Innovation, more than anywhere else, we feel the growing tension due to the inability of part of the business to work and earn, as well as the growing shadow. Some entrepreneurs who have started operating in the shadows may not return from there. We do not want a third wave of COVID-19 and we are not proposing a full ‘rollout’, but we are proposing to participate to put the business back into action in the current situation.
To facilitate repayment, we have planned and will present test compensation to companies to the Government tomorrow. It will allow small and medium-sized employers to reimburse the costs of employee preventive testing for at least 3 months. We expect 100,000 employees to benefit from the installation. We have allocated 30 million for this. euros, “A.Armonaitė announced.
The Minister stressed that small and medium-sized enterprises should use subsidies and loans
In his office, the Minister recalled the support measures used today for small and medium-sized enterprises (SMEs), as well as for those companies that have more than 250 employees but meet other SME criteria. These criteria are met if the company’s annual revenue does not exceed 50 million. the book value of the assets does not exceed 43 million euros. euros. These companies are eligible for grants of 150 million euros. euros.
“It is possible to apply by filling out the application on the STI page. Applications are verified by the Lithuanian Trade Support Agency. Smaller companies can be supported faster, larger companies slower, because the STI has to additionally program their system and the LVPA has to verify it for longer. Support is distributed as of January 20. More than 12 million have already been allocated. 5704 companies received ”, said the Minister.
€ 30 million has been allocated to preferential loans for companies affected by COVID-19, both small and large. euros. Loans have already been approved for 89 companies, 4.4 million have been transferred to them. euros. A further 403 applications are currently being evaluated.
By the way, although loan applications for 25 million were received. We know that not all of them will be used immediately; some companies ask for more than the order allows, or something like that. The maximum amount that can be borrowed is 100,000 euros and the loan conditions are particularly favorable: the interest rate is between 0.6% and 1.69%. Therefore, no commercial bank will lend ”, urged the minister.
Photo by Julius Kalinskas / 15min / Dawn Armonaitė
Businesses also receive downtime allowances from Employment Service employees, and the STI provides the opportunity to defer payment of taxes. Large companies are eligible for the Business Support Fund. The state transferred 100 million to the fund. It will add 500 million euros by issuing bonds in the spring. euros.
“We can already see that these companies, which have not suffered at all from the quarantine restrictions, are beginning to apply for the subsidy portfolio, and perhaps even provide fictitious data on the victim. We will not allow such abuse and next week we will start a meeting with colleagues from the STI and the Ministry of Finance to find a way to prevent it, ”wrote A. Armonaitė.
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