Funds

International Internet Magazine. Baltic States news & analytics Thursday, 28.05.2020, 01:28

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EC approves Lithuania's plans to set up business assistance fund

EC approves Lithuania's plans to set up business assistance fund

27.05.2020

The European Commission has on Tuesday approved Lithuania's plans to set up a fund with a target size of up to 1 bn euros that will invest through debt and equity instruments in medium-sized and large enterprises active in Lithuania and affected by the coronavirus outbreak, the country's Competition Council said in a statement.

Keyword tags: Business, Covid-19, Crisis, EU – Baltic States, Funds, Good for Business, Lithuania



Lithuanian Railways comes under fire for electrification tender, winner's reputation

Lithuanian Railways comes under fire for electrification tender, winner's reputation

25.05.2020

The actions of Lietuvos Gelezinkeliai (Lithuanian Railways, LG), Lithuania's state-owned railway company, have led to the delay and increase in the price of the railway electrification project, and the reputation of the tender's winner, a Spanish company, is raising doubt, according to the summary of an internal audit abstract published on May 25th, informs LETA/BNS.

Managing COVID-19: additional support for science and innovation

Managing COVID-19: additional support for science and innovation

22.05.2020

To succeed against the coronavirus, the states must see the socio-economic aspects and the most optimal ways in using available funds, explore modern technological solutions, first of all to monitor the spread of diseases and provide a better care for patients. These means, secondly, use of numerous digital solutions and technologies’ applications, e.g. telemedicine, open data, AI, robotics, and photonics.


Latvia: EUR 499 mln from EU funds redistributed for different projects

Latvia: EUR 499 mln from EU funds redistributed for different projects

19.05.2020

The Cabinet of Ministers on Tuesday decided to redistribute EUR 499 mln from the EU structural funds and Cohesion fund for dealing with consequences from the Covid-19 crisis.

Support for Latvian farmers

Support for Latvian farmers

15.05.2020

European Commission has approved Latvian scheme to support companies active in the primary agricultural production sector affected by the coronavirus outbreak in a volume of €1.5 million. Now it is the competence of Latvian authorities to evenly distribute the allowed support for most needed. In this way the EU assists the states in national support measures to mitigate the economic impact of the present crisis in a coordinated way, in line with EU rules.


15.05.2020

55 media will receive grants from the European Fund COVID-19

The first 55 news media that received grants as part of the first wave of the European Journalism COVID-19 Support Fund announced by the Fund. The list contains three media companies from the Baltic countries.

14.05.2020

Estonian Rural Development Foundation's EUR 200 mln aid measure to become available Friday

Aid measures for Estonia's rural economy in the total sum of 200 mln euros will become available from Friday, according to the Ministry of Rural Affairs and the Rural Development Foundation, informed LETA/BNS.

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