ILTE has provided a 13 million EUR loan to HISK for infrastructure development in Lithuania, supporting the country's economic growth and sustainability initiatives.
Information on the Target
UAB ILTE is a national development bank in Lithuania focused on providing financial solutions to support the growth of various sectors, including agriculture, public services, and infrastructure. Recently, ILTE has made significant strides in improving access to finance for businesses in these areas, demonstrating its commitment to promoting sustainable development and economic resilience.
One of ILTE's recent actions includes the approval of a 13 million EUR loan to HISK, an infrastructure company in Lithuania. This funding aims to enhance road construction and maintain transport systems, thereby contributing to the country’s infrastructure development.
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Industry Overview in Lithuania
The Lithuanian economy has shown resilience and adaptability, with a reported growth of 2.6% in 2024. This growth, though modest compared to
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Disclosed details
Transaction Size: $6M