Posts tagged as business relief plan

Lithuanian government approves €2.5bn business relief plan

Monday, March 16, 2020

The Lithuanian government has endorsed a 2.5-billion-euro economic stimulus plan to mitigate the effects of the  coronavirus   epidemic. The measures include subsidies to preserve jobs and tax delays. Finance Minister Vilius Šapoka said on Monday that the government’s borrowing limit would be raised to 5 billion euros, or around 10 percent of the country’s GDP. “We are facing this kind of threat for the first time, so the response…