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“I am pleased to announce that today Lithuania will receive 300 million in the form of loans under the SURE measure. Help Lithuanians to keep their jobs during a pandemic. Lithuania will soon receive another 302 million euros. Europe is with you”, EC President Ursula von Der Lyen wrote on Twitter Tuesday.
According to the Ministry of Finance, the loan consists of two parts: a five-year loan of 200 million. 100 million euros without interest and EUR for 30 years with 0.3 percent. interest.
Another 302.3 million. A euro loan is expected to arrive in Lithuania in the first quarter of next year.
“Preserving jobs is important to accelerate economic recovery,” Acting Finance Minister Vilius Šapoka said in a statement to the ministry.
This temporary financial instrument is designed to reduce the risk of unemployment from the COVID-19 outbreak (SURE). The funds will be used to cover employer wage subsidies during downtime (€ 134 million), post-employment wages (€ 355 million), benefits for the self-employed (€ 94.5 million) and farmers (19.2 million euros).
The commission announced Tuesday that it has already disbursed its second $ 14 billion. Payment of aid in EUR under the SUR measure after the second issuance of social bonds. By the end of October, Italy, Spain and Poland had already received 17,000 million euros. euros.
Registered unemployment in Lithuania has recently approached 15%.
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