EIMIN has prepared a new financial instrument for businesses affected by rising oil prices
The Ministry of Economy and Innovation (EIMIN) has developed a new targeted ILTE direct loan financial instrument designed to assist Lithuanian businesses affected by rising oil prices and tensions in the Middle East and the Near East. The draft scheme for the instrument has already been submitted to the relevant institutions for approval and will be activated in the near future.
“From the Ministry of Economy and Innovation’s perspective, the measure has been fully developed and is ready for implementation. We aim to ensure that it reaches the businesses that need financial stability the most in the near future. Our priority is to ensure that, even in the face of external challenges, Lithuanian businesses remain resilient, operate stably, and do not lose their competitiveness,” says Minister of Economy and Innovation Edvinas Grikšas.
The program is expected to have a budget of €100 million. Businesses will be able to use the loans to strengthen their working capital. Loans will be available to small and medium-sized businesses, entrepreneurs engaged in individual or business-license-based activities, large enterprises, and agricultural cooperatives. Loans will be provided directly by the national development bank ILTE.
“In response to rising energy prices and fluctuations in the oil market, we are developing a financing solution that would help companies maintain a stable cash flow and ensure the smooth continuity of their operations. We understand that these challenges affect a very wide range of businesses – from manufacturing and transportation to tourism and export-oriented companies,” says Tadas Gudaitis, member of the ILTE Board and Head of Business Development.
A single recipient is eligible for a loan of up to €1 million for a maximum period of 36 months, while the total amount of loans granted to groups of companies may reach up to €3 million. Energy-intensive sectors and agricultural cooperatives will be eligible for a 70% interest rate discount, while other entities will receive financing on market terms.
The funds may be used to cover core operating expenses – ranging from current assets and payments to suppliers to rent, logistics, wages, and other operating costs.
Funding will be allocated only to entities that meet the established criteria: the financial condition and liquidity of companies will be assessed, as well as the ratio of liabilities to assets for individuals. All recipients must also meet the other requirements of the measure.
Previously, the Ministry of Economy and Innovation, having assessed geopolitical developments in the Middle East and the Near East, developed a five-point plan to strengthen economic resilience. This financial measure is part of that plan and will help create conditions for businesses to maintain stability and grow.
You can learn more about EIMIN’s five-point plan here: https://eimin.lrv.lt/lt/ziniasklaidai/naujienos/e-griksas-lietuva-stiprina-ekonomikos-atsparuma-parengtos-priemones-verslo-stabilumui-uztikrinti-0mu6/
Last updated: 23-04-2026
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