02020D1350 — EN — 28.10.2022 — 002.001

This text is meant purely as a documentation tool and has no legal effect. The Union's institutions do not assume any liability for its contents. The authentic versions of the relevant acts, including their preambles, are those published in the Official Journal of the European Union and available in EUR-Lex. Those official texts are directly accessible through the links embedded in this document

Amended by:









▼B

COUNCIL IMPLEMENTING DECISION (EU) 2020/1350

of 25 September 2020

granting temporary support under Regulation (EU) 2020/672 to the Republic of Lithuania to mitigate unemployment risks in the emergency following the COVID-19 outbreak







Article 1

Lithuania fulfils the conditions set out in Article 3 of Regulation (EU) 2020/672.

Article 2

▼M2

1. The Union shall make available to Lithuania a loan amounting to a maximum of EUR 1 099 060 000 . The loan shall have a maximum average maturity of 15 years.

2. The availability period for financial assistance granted by this Decision shall be 39 months starting from the first day after this Decision has taken effect.

▼B

3. The Union financial assistance shall be made available by the Commission to Lithuania in a maximum of eight instalments. An instalment may be disbursed in one or several tranches. The maturities of the tranches under the first instalment may be longer than the maximum average maturity referred to in paragraph 1. In such cases, the maturities of further tranches shall be set so that the maximum average maturity referred to in paragraph 1 is respected once all instalments have been disbursed.

▼M2

4. The first instalment shall be released subject to the entry into force of the loan agreement provided for in Article 8(2) of Regulation (EU) 2020/672. Any further instalments shall be released in accordance with the terms of that loan agreement or, where relevant, be subject to the entry into force of an addendum thereto, or of an amended loan agreement concluded between Lithuania and the Commission replacing the original loan agreement.

▼B

5. Lithuania shall pay the cost of the funding of the Union referred to in Article 4 of Regulation (EU) 2020/672 for each instalment plus any fees, costs and expenses of the Union resulting from any funding related to the loan granted under paragraph 1 of this Article.

6. The Commission shall decide on the size and release of instalments, as well as on the size of the tranches.

▼M2

Article 3

Lithuania may finance the following measures:

(a) wage subsidies during time without work, as provided for in Article 41 of ‘Law on Employment No XII-2470’ of 21 June 2016, as last amended by ‘Law No XIV-911’ of 20 January 2022;

(b) wage subsidies after time without work, as provided for in Article 41 of ‘Law on Employment No XII-2470’ of 21 June 2016, as last amended by ‘Law No XIV-351’ of 27 May 2021;

(c) benefits to the self-employed, as provided for in Article 5-1 of ‘Law on Employment No XII-2470’ of 21 June 2016, as amended in 2020;

(d) benefits to the self-employed engaged in agriculture, as provided for in Article 5-2 of ‘Law on Employment No XII-2470’ of 21 June 2016, as amended in 2020.

▼M1

Article 4

1. Lithuania shall inform the Commission by 30 March 2021, and every six months thereafter, of the implementation of the planned public expenditure until that planned public expenditure has been fully implemented.

2. Where measures referred to in Article 3 are based on planned public expenditure and have been subject to an implementing decision amending Implementing Decision (EU) 2020/1350, Lithuania shall inform the Commission within six months after the date of adoption of that amending implementing decision, and every six months thereafter, of the implementation of the planned public expenditure until that planned public expenditure has been fully implemented.

▼B

Article 5

This Decision is addressed to the Republic of Lithuania.

This Decision shall take effect on the date of its notification to the addressee.

Article 6

This Decision shall be published in the Official Journal of the European Union.