EBRD to help Lithuanian retailer create jobs for displaced Ukrainians

EBRD to help Lithuanian retailer create jobs for displaced Ukrainians

July 7, 2022

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. 

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