Global Trade Alert
Global Trade Alert

Lithuania: Introduction of state loan and guarantee scheme for tourism industry (COVID-19)

Announcement

25 Jun 2020

On 25 June 2020, the European Commission approved a state loan and guarantee scheme for the tourism industry, introduced by Lithuania, as a result of COVID-19. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

25 Jun 2020

Revocation date:

No revocation date

State loan

On 25 June 2020, the European Commission approved a EUR 30 (USD 33.7) million state loan scheme from Lithuania. The aid supports tour operators and agencies, accommodation, and catering service provid...

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Loan guarantee

On 25 June 2020, the European Commission approved a EUR 20 (USD 22.4) million loan guarantee scheme from Lithuania. The aid supports tour operators of all sizes. The scheme is in force until 31 Decemb...

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