Subsidies approved for companies affected by the second wave of COVID-19



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“We strive to take into account as much as possible the difficult situation that has arisen and that support reaches the business as soon as possible. The key message for companies is that the grants will be available to companies whose turnover will be calculated from October 1 of this year. until 2021 January 31. Until now, it has been foreseen that subsidies can be awarded to those commercial entities whose turnover has fallen since this year. From March 1 to the end of October and did not cover the period of the second wave of COVID-19 ”, says Aušrinė Armonaitė, Minister of Economy and Innovation.

This is the first step in helping the affected business. At this stage, 150 million are allocated. 30 million euros for grants. loans in euros. It is also planned to allocate 33.1 million. 16.9 million euros for business support and euro to offset interest. These measures are aimed at the companies most affected by the second wave of COVID-19 and most affected by the quarantine conditions.

European Commission (EC) approval will continue to be required for these measures. The goal is for the first aid package to amount to 150 million euros. Euro Business in 2021. January and therefore the business support package is expected to be agreed with the EC by the end of the year.

In the near future, the Ministry of Economy and Innovation will announce more measures for quarantined companies. Lithuania seeks to allow the EC to use these tools as soon as possible.

The second phase of business support will focus on the most affected companies and the sectors that have been closed. The second stage proposals are expected to be presented and discussed with the social partners in early January.



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