Business support - Lithuania

Updated 11/2010

• European Union
• Austriadeen
• Belgiumenfrnl
• Bulgariabgen
• Cypruselen
• Czech Republiccsen
• Denmarkdaen
• Estoniaenet
• Finlandenfi
• Franceenfr
• Germanydeen
• Greeceelen
• Hungaryenhu
• Irelanden
• Italyenit
• Latviaenlv
• Lithuaniaenlt
• Luxembourgenfr
• Maltaen
• Netherlandsennl
• Norwayenno
• Polandenpl
• Portugalenpt
• Romaniaenro
• Slovakiaensk
• Sloveniaensl
• Spainenes
• Swedenensv
• United Kingdomen

Help for businesses

Private organisations

The Lithuanian Business Employers' Confederation provides comprehensive help to businesspeople (provides methodological and informational support and consultations on organising business).

• Business Employers' Confederation

The Lithuanian Confederation of Industrialists represents the interests of its members in governmental, social and international organisations, helps businesses find new markets and create the most favourable conditions for investment in Lithuania, protects social and legal interests of Lithuanian employers, and is strengthening social dialogue.

• Confederation of Industrialists

State-private organisations

The Association of Lithuanian Chambers of Commerce, Industry and Crafts is a voluntary organisation that unifies chambers of commerce, industry and crafts, and represents the interests of those chambers.

It coordinates the activities of chambers, represents chambers when cooperating with state, government and governance bodies as well as economic entities and state institutions of foreign countries, numbers and codes goods (EAN - Lithuania), and creates and keeps the business (trade) register.

• Association of Lithuanian Chambers of Commerce, Industry and Crafts
• Commerce, industry and crafts chambers

State organisations

           The Ministry of Economy administers various programmes and state budget subsidies, which have been allocated for implementation.

• Ministry of Economy
• Strategies, programmes and studies
• Business support
• Idea LT

This measure is designed to support small and medium-sized enterprises that prepare SR&ED feasibility studies.

• Intellect LT

This measure is aimed at the support of businesses carrying out SR&ED projects, which may be carried out together with the scientific and business partners.

• Intellect LT+

This measure is designed to support businesses investing in the development of SR&ED infrastructure.

• InnoCluster LT

The measure is designed to support the activities (marketing, research, management of shared infrastructure, training programs) of cluster coordinators.

• InnoCluster LT+

This measure is designed to support SR&ED of clusters and to develop training infrastructure.

• InnoAbilities LT-1, InnoAbilities LT-2

These measures are aimed at promoting providers of innovation support services and the development of related infrastructure

• More information on these measures on a website of the Ministry of Economics .
• Leader LT

This is a measure for promoting investment by businesses which is aimed at increasing the productivity of, or exports by, businesses or starting production of new goods.

Suitable applicants are private legal entities, except those classifiable as a micro-enterprise, that meet the conditions for support provision.

• E-business LT

This is a measure that encourages micro-, small, and medium enterprises to implement information technologies thus creating favourable conditions for increasing enterprise productivity and exports.

Suitable applicants are private legal entities, classifiable as a small or medium enterprise, that meet the conditions for support provision.

• Process LT

This is a measure for encouraging small and medium enterprises to implement modern management methods and systems thus creating favourable conditions for increasing enterprise productivity and exports.

Suitable applicants are private legal entities, classifiable as a small or medium enterprise, that meet the conditions for support provision.

• New Opportunities

This measure is intended for encouraging enterprises to seek foreign partners more actively and increase sales in foreign markets.

• More information on these measures is provided on a website of the Ministry of Economics.

The Lithuanian Business Support Agency (LBSA) is an implementing agency that has been designated to manage and administer financial support provided by the European Union Structural Funds and national support programmes.

• LBSA
• Provision of support

The Business Service Network (27 business information centres and 6 business incubators) ensures access to quality services for businesses and businesspersons across Lithuania.

Investicijų ir verslo garantijos UAB (INVEGA) provides state guarantees to credit institutions for loans to micro-, small, and medium enterprises (SMEs) and enterprises temporarily facing difficulties, reimburses interest to SMEs, and administers the provision of micro- and small credits.

INVEGA Holding Fund provides loans to SMEs from the resources of EU Structural Funds, and implements the Open Credit Fund measure.

It is planned that, beginning in 2012, the company will take over the management of the EIF Holding Fund created in 2008.

• INVEGA

The Lithuanian Innovation Centre provides innovation support services.

• Lithuanian Innovation Centre

Access to finance is crucial for setting up and running a business.

• Access to finance — Lithuania

Check also the legislation on this topic in:

• European Union
• Austriadeen
• Belgiumenfrnl
• Bulgariabgen
• Cypruselen
• Czech Republiccsen
• Denmarkdaen
• Estoniaenet
• Finlandenfi
• Franceenfr
• Germanydeen
• Greeceelen
• Hungaryenhu
• Irelanden
• Italyenit
• Latviaenlv
• Lithuaniaenlt
• Luxembourgenfr
• Maltaen
• Netherlandsennl
• Norwayenno
• Polandenpl
• Portugalenpt
• Romaniaenro
• Slovakiaensk
• Sloveniaensl
• Spainenes
• Swedenensv
• United Kingdomen