Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy, Private Sector and Businesses
Intervention Categories: Legal and policy; Regulatory change; Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Lead People/Agency: Crisis Management Committee
Overview: Criterias for state financial support relaxed. Soft loans 10 times larger – up to 1 mln. EUR – will be available to companies that have lost 30%. turnover, and they will be able to borrow up to 0.5 million to cover suppliers ’unpaid bills. euros.
Full details here: https://www.delfi.lt/verslas/verslas/vyriausybe-lengvina-parama-verslui-didina-jos-apimtis.d?id=84121299
Type of Justification: Advice of INTERNAL government advisory committee or group
Evidence/Justification: Criteria for financial support too stringent for businesses