BAKU, Azerbaijan, July 26. The Ministry of
Economy and Innovation (EIMIN) of Lithuania has announced a call
for applications for micro, small, and medium-sized enterprises
(SMEs) planning to expand their activities abroad, Trend reports.
The total amount of the call exceeds 12 million euros. The
support aims to promote the export of Lithuanian products and help
companies establish themselves in international markets.
Of this amount, 6.6 million euros is allocated for projects in
the Central and Western Lithuania region, and 6.3 million euros for
the Capital region. In both regions, activities such as presenting
SMEs’ own products at international trade fairs and certification
are financed. In addition, in the Central and Western Lithuania
region, expenses for purchasing e-marketing services and salaries
for export managers are also covered.
“Exports are one of the main engines of Lithuania’s economy. In
the current context, where the situation in international markets
is constantly changing, it is important to give our businesses the
opportunity to operate with greater confidence — to plan their
expansion, seek new markets, and strengthen their ties with foreign
partners,” said EIMIN Minister Lukas Savickas.
All SMEs from the Central and Western Lithuania region can
apply, while in the Capital region only SMEs operating in high
value-added sectors as well as in the defense and security
industries are eligible. The maximum funding amount is 100,000
euros (Central and Western Lithuania) and 150,000 euros (Capital
region). The funding intensity is up to 50 percent of eligible
expenses.