The Lithuanian Government plans to reimburse part of rental costs for businesses, which have lost income due to the lockdown, Prime Minister Saulius Skvernelis has said.
© Unsplash

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

“We discussed ways of compensation pertaining to rental relations between businesses at the government’s meeting and within the crisis management committee. In particular, 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.

“In accordance with one of such solutions, which has not yet been finalized, it 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. This idea is being discussed now, alongside other options,” the prime minister said.

The potential model would be agreed on after studying the findings that would be submitted by the ministries of economy and finance, he added.

Skvernelis also said that actual financing from the majority of existing instruments envisaged in the business support plan should be extended to businesses in the first days after Easter.

Having imposed a lockdown, the government in March unveiled a 2.5 billion euros action plan to support business through such measures as wage subsidies, tax deferral, etc.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Axioma Metering has doubled its turnover and starts the production of new meters

Axioma Metering, the Lithuanian manufacturer of smart meters expanded last year and continues its...

Avia Solutions Group demands that Lithuanian intelligence 'dispel doubts'

Avia Solutions Group has demanded that the Lithuanian State Security Department (SSD) make public all...

Revolut launches as a bank in 10 European markets

Revolut, the global financial platform with more than 15 million customers worldwide, has...

Sources: businessman Stonys detained as part of probe into VAT fraud scheme (1)

Lithuanian businessman Rimandas Stonys, active in the energy area, has been detained as part of an...

Vilnius Airport opens Covid-19 testing site (1)

From March 1st, passenger travelling though Vilnius Airport will have the option of conveniently...

Top news

Lithuania to consider limiting movement restrictions to hardest-hit municipalities

The Lithuanian government's emergency commission proposes to lift the ban on non-essential travel...

Group of MPs want Lithuania to help Polish women end pregnancies due to fetal defects

A group of Lithuanian parliamentarians suggest that the government offer assistance to Polish women...

213 new COVID-19 cases

On Sunday, 213 new coronavirus cases were detected in Lithuania. In total, 202 430 COVID-19 cases were...

Zelensky's adviser in Vilnius: Russia's Sputnik V vaccine is part of hybrid war

The Ukrainian government considers the Russian COVID-19 vaccine Sputnik V to be part of hybrid war in...

Report: Russia may use cargo tracking system as lever against neighbors

A new unified digital cargo tracking system developed by Russia is a new lever of influence over...