The reorganisation will be carried out according to the terms and conditions prepared by merging the Public Institution Lietuvos verslo paramos agentūra (Lithuanian Business Support Agency) with PI Enterprise Lithuania, which will cease to operate as a legal entity after the reorganisation. The Public Institution Lithuanian Business Support Agency will continue its activities under a new name – Public Institution Inovacijų agentūra (Innovation Agency).
The other data and requisites of the Lithuanian Business Support Agency (except the name and address) will remain unchanged after the reorganisation.
All rights and obligations of Enterprise Lithuania shall be transferred to the Lithuanian Business Support Agency as of the date of signing of the deed of acceptance-transfer by the Public Institution Enterprise Lithuania and the Public Institution Lithuanian Business Support Agency.
The Ministry of Economy and Innovation will exercise the rights and obligations of the State as the owner of the Public Institution Lithuanian Business Support Agency, which will continue its activities under a new name after the reorganisation.
More information about the terms and conditions of the reorganisation can be found here https://lvpa.lt/lt/lvpa-reorganizavimas-283.