2020.04.10 13:21

Lithuanian government mulls reimbursing rental costs for businesses

Vaidotas Beniušis, BNS 2020.04.10 13:21

The Lithuanian Government plans to reimburse part of rental costs for businesses, Prime Minister Saulius Skvernelis said on Friday.

The Cabinet had already discussed potential compensation mechanisms and the final decision should be adopted after Easter, he said in an interview to BNS.

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“We discussed what to do about businesses, which rent their premises and do not have money, do not have working capital, do not carry out any activity – how could they pay their rent? We are ready to find solutions,” Skvernelis said.

For example, "if the tenant agreed with the landlord on a certain discount during the rental period, the state would reimburse at least a part of that discount," said the prime minister. "This idea is being discussed now, alongside other options."

The government unveiled a multi-billion business support plan to mitigate the effects of the coronavirus crisis.