Mar 12 β€’ 16:49 UTC πŸ‡±πŸ‡Ή Lithuania Lrytas

The Seimas will consider proposals allowing small and medium-sized enterprises to attract more funds

The Lithuanian Parliament is set to discuss proposals aimed at enhancing the visibility and financing options for small and medium enterprises through a unified European information platform.

The Seimas of Lithuania is preparing to review new proposals that focus on improving the financial accessibility for small and medium-sized enterprises (SMEs) in the country. According to the ministries involved in drafting these proposals, the initiative entails the establishment of a unified European information platform where financial and sustainability information about enterprises will be made available. This platform is expected to enhance market visibility for smaller businesses and facilitate easier access to capital by potential investors who can view relevant data in one centralized location.

Finance Minister Kristupas VaitiekΕ«nas emphasized the importance of this initiative in improving business conditions and boosting the competitiveness and resilience of Lithuania's economy. The proposals aim to empower SMEs and help attract more investment by providing investors with comprehensive data about potential investment opportunities in one place. The proposed legal framework will also support the functioning of the European Single Access Point (ESAP), which is poised to be beneficial not only for small businesses but also for small and medium investors seeking accessible financing solutions.

Further changes in the Financial Instruments Market Law and related regulations will also be discussed, with the objective of increasing the threshold for investment limits. This broader approach reflects a proactive strategy by the Lithuanian government to cultivate a more favorable environment for SMEs, reinforcing their role in the economy and enhancing their access to necessary financial resources to thrive and grow in a competitive market.

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