ASSISTANCE TO BUSINESSES DURING THE SECOND QUARANTINE IS BETTER TARGETED AND FASTER, A SURVEY SHOWS
Current asistance to businesses is more oriented to sectors most affected by COVID-19: catering and travel sectorsare getting more according to analysis of business support subsidies during the first and the second quarantine.
LVPA TERMINATES THE CONTRACT OF JAUSMOMATIS PROJECT
Based on findings of additional breach inquiry and with approval by ministry of economics and innovation, Lithuanian Business Support Agency (LVPA) has terminated Jausmomatis (device to measure feelings) project.
Starting Friday (February 26, 2021) affiliated – controlled by other company or owning shares of other company - companies can apply for subsidies to cover quarantine related losses.
WHAT KIND OF INVESTMENT BUSINESS SHOULD PLAN FOR 2021 AND BEYOND?
Currently still under preparation, but soon new calls for EU investment projects, aimed at helping businesses to deal with challenges of pandemic, are to be announced.
PROJECTS NOMINATED FOR EUROPEAN SALES AWARDS: FROM BIOGAS TO CHLORINELESS POOLS WATER
Lithuanian Business Support agency (LVPA) has nominated 7 projects for best EU investment projects contest European Sales 2021. Projects were about innovative technologies, environment friendly solutions and unconventional small business undertakings.
MORE THAN EUR 30 M ASSISTANCE ALLOCATED TO AFFECTED BUSINESSES
Subsidies of EUR 20.7 m to 9,631 businesses affected by carantine restrictions were approved by February 22, as well as almost EUR 10 m easy loans to 224 companies.
THE GUIDE DAY IS COMING: PART OF TOURISM PROJECTS CONTINUE
On February 21 world celebrates international guide day. Lithuanian Business Support Agency (LVPA) reminds that when pandemic is over travellers are going to have number of new opportunities. Even in lockdown tourism projects are being implemented.
MORE THAN EUR 26 M ASSISTANCE TO AFFECTED BUSINESSES
Subsidies of EUR 17.8 m to 8,489 businesses affected by carantine restrictions were approved by February 18, as well as EUR B8.53 easy loans to 197 companies.
SECOND PACKAGE OF SUBSIDIES: MOST AFFECTED BUSINESSES TO RECEIVE EUR 70 M
Government has approved concept of subsidies to companies most affected by pandemic prepared by ministry of economics and innovation. Businesses will receive EUR 70 m in one time subsidies.
COVID-19 R&D APPLICATIONS EVALUATED, CONTRACTS ARE BEING SIGNED
Lithuanian Business Support Agency (LVPA) evaluated COVID-19 R&D applications, ministry of economics and innovation allocated EUR 24.3 m to 44 projects.
LOOK AT 2020 – FUNDING ACCORDING TO CONTRACTS EXCEED EUR 380 M, 710 NEW PROJECTS STARTED
In 2020, Lithuanian Business Development Agency (LVPA) has evaluated 38 % more applications for EU funding vs 2019. Amount of funding according to contracts signed also went up and reached EUR 380 m.
In order to make announcing calls and sharing information more effective, Lithuanian Business Support Agency (LVPA) implemented yet another information tool – podcasts.
BUSINESS IS GETTING DIGITIZED – LVPA HELPS TO MAKE IT FASTER
Smart sensors and controllers, robots, digitization of production processes now are inseparable features of advanced and promising Lithuanian companies.
ALMOST EUR 19 M ALLOCATED TO STANDBY EU INVESTMENT PROJECTS
Ministry of economics and innovation allocated additional almost EUR 19 m EU funding to Eco-innovations LT+ and Industry Digitization LT standby projects.
MORE OPPORTUNITIES TO INSTALL PRIVATE SOLAR POWER STATIONS
People are encouraged to use more energy from renewable sources and to generate it themselves – additional EUR 9 m allocated to project named installation of solar power stations in the households.
IN DIFFICULT TIMES LVPA TAKES OVER UNCHARACTERISTIC ROLES TO RESCUE BUSINESSES
During the pandemic Lithuanian Business Support Agency (LVPA) takes over uncharacteristic roles which are necessary helping businesses to survive a difficult period of time.
MORE THAN EUR 20 M EU INVESTMENT INTO SUSTAINABLE TECHNOLOGICAL ECO INNOVATIONS PROJECTS
Ministry of economics and innovation has allocated EUR 21.28 m from EU investment project Eco-Innovations LT+ to finance 27 projects by very small, small and medium companies to implement sustainable technological eco innovations.
EU funds business digitization: it is recommended to allocate EUR 60 m
Lithuanian Business Support Agency (LVPA) evaluated applications by country companies for EU structural funds and recommended ministry of economics and innovation to finance audit and implementation of digitization technologies.
New (EU) investment projects for business to encourage resolving issues highlighted by COVID-19
„Now it is time, when investment projects planned by government and ministries will be announced while we move into new financial perspective of 2021-2027“ – claimed director of LVPA.
More than half of country’s municipalities are keen to modernize street lighting, hoping for EUR 23.6 m of EU investment
Lithuanian Business Support Agency (LVPA) has ended a call to submit applications for funding from EU investment project Modernization of Street Lighting.
LVPA assesed projects aimed to promote small capacity biofuel cogeneration
Lithuanian Business Support Agency (LVPA) approved four projects for small capacity biofuel cogeneration power plants and recommend Ministry of Energy to allocate funding of EUR 8.4 m. Companies have asked for EUR 19.3 m from EU structural funds.
Additional EUR 81 m allocated for improvement of innovative goods and services
Ministry of Economics and Innovation allocated additional EUR 81 m to 120 Lithuanian companies from the reserve list to implement innovations in business and improve innovative goods and services from EU investment program Experiment.
More than EUR 10 m allocated to renewable energy projects
Minister of Economics and Innovation Rimantas Sinkevičius has signed an order allocating EUR 10.38 m to 78 industrial companies from EU investment project Renewable Energy for Industry LT+.
The tool for selection of European union investment measures has been presented
The Ministry of Economy and Innovation has developed a tool for selecting European Union investment measures aimed at facilitating the search for EU investment opportunities.
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