Lithuania allows Ukrainian entrepreneurs to get loans with lower rates

41
1
Lithuania allows Ukrainian entrepreneurs to get loans with lower rates

Ukrainians can get loans with 30 percent less interest rates if they start a business. It will make it easier for them to settle in our country, relocate their business or find new areas of activity and create new jobs, Minister Ausrine Armonaite said in a statement.

After February 24, small and medium-sized businesses with Ukrainian citizenship and a residence permit in Lithuania will be able to get low-interest loans, as well as entrepreneurs with Ukrainian citizenship who received residence permits in Lithuania after February 24.

A loan of up to 3 million euro for up to 10 years is available for business start-ups and up to 200,000 euro for up to three years for working capital.