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
MOST READ
SEE ALSO
Investments for recovery: EU sets up Investment Framework under its Ukraine Facility
EIB and Ukraine Government to accelerate deployment of financial support and project execution on the ground
EU allocates extra €10 million to support researchers from Ukraine under Horizon Europe
EU, UNDP and Japan donate equipment for debris and municipal waste management in Ukraine
Energy Support Fund of Ukraine transfers 87 transformers and nine high-voltage bushings to Khmelnytsky region
The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,
