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2020.05.07 09:56

Lithuania ups support for small businesses, cultural organisations

BNS 2020.05.07 09:56

The Lithuanian government has approved additional aid for businesses most affected by the coronavirus crisis, while tripling support for cultural workers and organisations.

According to the updated action plan, tourism firms will get 45 million euros in aid and 100 million more will be distributed to small enterprises that employ up to nine workers.

The measures come as part of the Lithuanian government's Economic Stimulus and Coronavirus (Covid-19) Mitigation Action Plan.

Read more: Lithuania's tourism sector will need whole year to recover, association says

“I would identify [...] the allocation of 45 million euros for measures to maintain liquidity and to promote the tourism sector, 52 million euros for measures to boost liquidity in the agricultural sector and up to 100 million euros for the rapid effect subsidy facility for microenterprises,” Deputy Government Chancellor Lukas Savickas said on Wednesday.

The government has also earmarked an additional 16.7 million euros to cover the losses of the culture sector.

Read more: One-sixth of Lithuania's labour force out of work – minister

In April, the Lithuanian government announced 8.3 million euros of support for culture workers. With the new addition, total public aid for the sector will be 25 million euros, the Culture Ministry said.

The coronavirus quarantine introduced in mid-March has led to cancellations of concerts, exhibitions and other public events, while most cultural institutions were forced to temporarily close.

On Wednesday, the cabinet extended the quarantine until May 31, agreed to gradually lift even more restrictions on economic and public life.

Read more: Lithuania proceeds with quarantine easing: small events, more services to resume