Lithuania offers loans with less interest rates

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Lithuania offers loans with less interest rates

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

Low-interest loans are available to small and medium-sized businesses established after February 24, when the Russian invasion of Ukraine began, and whose shareholder, partner or owner is a natural or legal person with Ukrainian citizenship and a residence permit in Lithuania, 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 will be available for business start-ups and up to 200,000 euro for up to three years for working capital.