Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure LT-2023-49/3485 – measures in Lithuania
Country | Lithuania , applies nationwide |
Time period | Temporary, 06 December 2023 – 04 January 2024 |
Context | COVID-19, Green Transition, Digital Transformation |
Type | Legislations or other statutory regulations |
Category |
Promoting the economic, labour market and social recovery into a green future
– Active labour market policies (enhancing employability, training, subsidised job creation, etc.) |
Author | Inga Blaziene (Lithuanian Centre for Social Sciences) and Eurofound |
Measure added | 27 February 2024 (updated 26 April 2024) |
The aim of the measure is to support unemployed persons and currently employed persons willing to become self-employed. The measure is implemented in accordance with the Order of the Minister of Social Security and Labour of the Republic of Lithuania, the Minister of Economy and Innovation of the Republic of Lithuania and the Minister of the Environment of the Republic of Lithuania on priorities for businesses (job) creation support in 2023 (TAR, 2023-05-02, Nr. 8324). Funding is limited to applications that contribute to the digital and green transformation objectives, promote the circular economy or reduce the impact of COVID-19 (coronavirus infection). The Recovery and Resilience Facility is used for business support here.
Eligibility criteria for applicants:
The amount of the subsidy for one planned job may not exceed the sum of 31,00 times the minimum monthly wage approved by the Government of the Republic of Lithuania.
709 applications were expected to be selected for funding of up to €13.5 million from the EU's Recovery and Resilience Fund. The jobs will have to be created by July 2024. The economic return of the measure (through taxes paid after the jobs have been created and maintained for 36 months) is expected to reach €18.7 million.
Workers | Businesses | Citizens |
---|---|---|
Applies to all workers | Does not apply to businesses | Does not apply to citizens |
Actors | Funding |
---|---|
National government
Public employment service |
European Funds
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | Informed | Informed |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
N/A
N/A
Citation
Eurofound (2024), Support for business creation, measure LT-2023-49/3485 (measures in Lithuania), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/LT-2023-49_3485.html
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