EU recovery funds boost Lithuania – opportunity for Finnish business
Ajankohta ja paikka
Online event Microsoft Teams
Time:6th October 2021 at 14:00 – 15:30 Place: Online (Microsoft Teams) Registration: The event is free of charge. Please register here latest on the 4th October 2021 to receive the link.
Lithuanian government will implement EU’s Economic Recovery and Resilience Facility (ERRF) effectively in the country. This fiscal package is offering a major opportunity for Finnish businesses to join in and contribute to the Lithuanian development with Finnish knowhow in ITC, cleantech and green technology sectors. More information available below.
Note! All participants will have an opportunity to book a one-hour free “Team Lithuania” consultation at the Lithuanian Embassy in Helsinki!
14:00 – 14:05 Opening words Mr. Risto Uusitalo, Chairman, Finland-Lithuania Business Association
14:05 – 14 :25 ERRF funds projects in Lithuania – opportunities for business Ms. Jovita Neliupšienė, Vice-Minister, Ministry of Economy, and Innovations of Lithuania
14:25 – 14:40 Lithuania – discover unused potential Mr. Juha Lahtinen, Managing Director, Exportmaker Oy
14:40 – 15:00 Use the opportunities – Experience in working with Lithuania Mr. Janne Sorakivi, Hobby Hall Suomi Oy, Managing Director
15:00 – 15:10 Regards from Vilnius Ms. Arja Makkonen, Ambassador of Finland to Lithuania 15:30 Q&Aand closing of the event Mr. Risto Uusitalo, Chairman, Finland-Lithuania Business Association
To fix consulting meetings at the Lithuanian Embassy, please contact Mr. Audrius Masiulionis, Commercial Attaché by emailAudrius.firstname.lastname@example.org
EU recovery funds will give a 2,225 billion euro boost to the Lithuanian economy – open for investment
The amount is almost identical in size to Finland! Green transition and digital transformation will be the target areas for investing these funds in Lithuania like in all EU. Lithuanian government will be implement EU’s Economic Recovery and Resilience Facility (ERRF) effectively in the country. This fiscal package is offering a major opportunity for Finnish businesses to join in and contribute to the Lithuanian development with Finnish knowhow in ITC, cleantech and green technology sectors.
Webinar October 6th!
Suomi – Liettua Kauppayhdistys (SULI – Finland-Lithuania Business Association), its counterpart FLCC in Lithuania, the Embassy of Lithuania in Helsinki, Enterprise Europe Network and the Helsinki Region Chamber of Commerce will organize webinar on the 6th of October to discuss the funds, how to apply funds and practical advice on these topics. The event will be steered by top experts from both Lithuania and Finland.
Lithuanian economy will grow fast in the coming years
Lithuania is the biggest economy of the Baltic countries. Lithuanian economy has been relatively resilient to the pandemic, namely GDP contraction in 2020 was one of the lowest in the EU – only 0.9 per cent according to the European Commission. GDP is projeted to grow by 2.9 – 3.9 per cent per annum in 2021 and 2022. Brisk demand and strengthening investment activities will support the recovery, as confidence improves with the rollout of vaccines.
The European Economic Recovery and Resilience Facility foresees grants of EUR 2,225 billion euros for Lithuania which will be used for seven pillars: green transition, digital transformation, health, social affairs, research and innovation, education, public governance. Green transition and digital transformation are the priorities of the entire European Union and Lithuania.
Finnish companies have solutions for Lithuanian companies and communities
Finland can offer effective solutions and technologies in energy, forestry, industry and transport sectors and these can help Lithuania to achieve their green transition targets. And obviously, being a global leader of digitalization, Finnish expertise and success can be interesting for Lithuania and Lithuanian companies.