EBRD to help Lithuanian retailer create jobs for displaced Ukrainians
July 7, 2022

EBRD to help Lithuanian retailer create jobs for displaced Ukrainians

The European Bank for Reconstruction and Development (EBRD) signed up to a €240 million bond issued by Maxima Grupė (MG), the owner of Maxima, the leading retail chain in Lithuania. 

The EBRD has agreed to €72 million of the issue.

Present in several central European markets, including the Baltic states, Poland and Bulgaria, Maxima Grupė was one of the first companies to offer jobs to Ukrainian refugees. To date, the company has employed about 500 displaced Ukrainians. As part of the cooperation between EBRD and Maxima Grupė in relation to the current bond issue, MG has committed to hiring an additional 720 refugees, the overwhelming majority of whom are women.

The investment is part of the EBRD’s Resilience and Livelihoods Framework, a €2 billion package designed to support the economies of Ukraine and other countries affected by Russia’s war on Ukraine. 

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,