Posts tagged as COVID-19 crisis

Lithuania’s tourism industry to be given €45m lifeline

Thursday, May 21, 2020

Lithuania’s tourism industry will receive 45 million in state support, the government decided on Wednesday. Two-thirds of the sum will be “measures to maintain business liquidity”, while the rest will go towards economic stimulus, Finance Minister Vilius Šapoka told the cabinet. The funds are part of the government’s updated Economic Stimulus and Coronavirus Mitigation Action Plan that was released in early May. Measures to shore up liquidity of tourism companies,…

EU funding reallocated to COVID-19 crisis mitigation in Latvia

Tuesday, May 19, 2020

On Tuesday, May 19, the government approved proposals for the reallocation of funds from the European Union (EU) to mitigate the consequences of the COVID-19 crisis, the Finance Ministry (FM) said in a press conference on May 19. Prime Minister Krišjānis Kariņš (New Unity) said that funds were diverted from EU fund programs where projects have not been started and will not be implemente. The proposals were prepared by a…