RSSLithuania

#JunckerPlan in #Lithuania – Vilnius Factoring Company to issue €10 million in new microloans with EIF support

#JunckerPlan in #Lithuania – Vilnius Factoring Company to issue €10 million in new microloans with EIF support

| August 28, 2019

Vilnius Factoring Company, a private lending company in Lithuania, has signed an agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking funding opportunities under the EU Programme for Employment and Social Innovation (EaSI). The company is issuing microloans up to a total […]

Continue Reading

#Lithuania new chief of defence has no chance

#Lithuania new chief of defence has no chance

| July 30, 2019

Lithuania’s new chief of defence, Major General Valdemaras Rupsys (pictured), calls himself a realist though it seems as if he is a fatalist with no hope to change anything in the national armed forces, writes Adomas Abromaitis. Major General Valdemaras Rupsys says he will seek to accelerate new armored vehicle and artillery system purchases if […]

Continue Reading

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

| June 5, 2019

The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. The Commission’s investigation concerns an electricity strategic reserve measure, which […]

Continue Reading

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

#StateAid – Commission opens in-depth investigation into #Lithuania electricity strategic reserve measure

| June 4, 2019

The European Commission has opened an in-depth investigation to assess whether Lithuanian support to energy company AB Lietuvos Energija in the context of a strategic reserve measure, which was in place in Lithuania until 2018, may have unduly favoured the company and distorted competition in the Single Market, in breach of EU state aid rules. […]

Continue Reading

Quality of life in #Latvia is not a priority

Quality of life in #Latvia is not a priority

| May 17, 2019

Four presidents, 14 governments and eight Seimas have changed in Latvia over the past 20 years. The country joined the European Union and NATO, and then switched to the euro. But have Latvians become better off? Has their quality of life improved? Statistics shows that the general well-being of population remains very low. Political turbulence […]

Continue Reading

#StateAid – Commission approves €385 million support for production of #Electricity from renewable sources in #Lithuania

#StateAid – Commission approves €385 million support for production of #Electricity from renewable sources in #Lithuania

| April 24, 2019

The European Commission has approved, under EU state aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types of renewable generation, will contribute to the EU environmental objectives without unduly distorting competition. Commissioner Margrethe Vestager, in charge of competition policy, said: “The scheme will contribute to […]

Continue Reading

#JunckerPlan – Better access to finance for small businesses in Baltic countries

#JunckerPlan – Better access to finance for small businesses in Baltic countries

| February 26, 2019

The Investment Plan for Europe, or Juncker Plan, is backing a €10 million guarantee agreement signed between the European Investment Bank and the financing company Capitalia, active in Estonia, Latvia and Lithuania. This guarantee agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan, and by the Employment […]

Continue Reading