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WELCOME TO BI-WEEKLY NEWSLETTER!
Stay safe ❤️😷 Corona-virus crisis management for businesses in Lithuania and Sweden
SCCL NEWS

Dear Members,

As we enter into the 3rd week of quarantine, we assume that most of you are working remotely and facing the all-in-one combination of office-school-kindergarten as the new reality 😊

We are thinking about all of you and your teams in the times of corona-distress - how are you coping, what are the main challenges are you facing, how can SCCL be useful to you? Now that we can't meet in person, we would be very happy to hear from you - just drop a short note on FB, LinkedIn, e-mail or call us of the phone. Our social media channels are at your use if you would like to share any information with our Member community - let's stay strong and safe together!

We are now focusing on the post-corona/autumn activities and keep close contact with our new partners, the Chamber of Commerce in Uppsala County, who have agreed to host a Business Mission to Uppsala in October 2020. Soon we are about to launch the invitation to join the Mission - so stay tuned!

Our new Board will hold their first virtual meeting on April 1st and discuss both regular issues as well as corona-related topics from Sweden affecting the activities of SCCL. We will then be able to share the latest updates with you.

All the best to you and stay well!

SCCL Office

member news
Webinar on GDPR and remote work

COVID-19 pandemic has revealed that most of the Lithuanian companies face certain challenges, especially related to ensuring secure technical and communication tools for employees. It is also believed that once COVID-19 period finally ends, remote work will be something that companies are going to apply more proactively. Our Member Fondia Lithuania invites to a webinar on legal requirements for personal data protection and security measures related to remote work. The webinar is in Lithuanian only.

Swedbank Economic Outlook - March 2020

Swedbank has released a quarterly Swedbank Economic Outlook 2020, which covers the latest economic forecasts for the Nordics and the Baltics and the major global economies. According to the chief economist Nerijus Mačiulis at Swedbank Lietuvoje, the GDP growth in Lithuania is expected to contract by 10% in the second quarter of 2020, but will already start rebounding in the second half of this year and should reach the pre-pandemic level at the end of 2022. Find the full report here.

Healthcare Institutions Charity Fund

All people of goodwill are encouraged to contribute to a private Healthcare Institutions Charity Fund for combating the coronavirus, established at the initiative of the managing partner Rolandas Valiūnas at Ellex Valiunas together with President Valdas Adamkus, Old Town Rotary Club, Lithuanian companies and businessmen. Money donated to the Fund is targeted to help all Lithuanian healthcare institutions and medical staff and to acquire the required medical means.

Production of lung ventilation equipment in Biržai

Our Member company SLT Industrial Components with a production site in Biržai assembles the highly demanded lung ventilation equipment. Anders Stenquist, CEO of the company and Board member of SCCL, says "In this time of crisis we are happy that we can play our part in providing the essential medical equipment that is needed in the hospitals around the world. Our staff is doing a fantastic job in increasing production in order to meet the much higher demand. In these difficult times, it is important to keep the industry running so that medical and other essential products are available for people in need and for preserving the working places for the employees".

Corona Response Desk for Swedish export companies

Business Sweden has launched a government-backed global service called Corona Response Desk to assist Swedish companies in handling supply chain, client relations and other business challenges during this turbulent time.

Business Sweden team of 500+ business developers in 40+ countries is ready to assist Swedish companies in Lithuania and other markets and is available 24/7. For more info please visit Business Sweden website or contact Nerijus.Cereska@business-sweden.se

sweden in focus
Swedish government corona crisis package

The Swedish government crisis package provides rapid and powerful liquidity-enhancing measures, which include creating a system for short-term leave, deferred payment of employers’ contributions and expanded loan and guarantee facilities for Swedish companies. To particularly alleviate the impact for small and medium-sized enterprises, a crisis package has also been presented for Swedish entrepreneurs.

Find out more
Main headlines: Corona impact on Swedish businesses
  1.  Sweden has posted record job loss figures for the month of March. It is also the highest number of job cuts for a single month since records began. If this trend follows the same pattern as during the latest financial crisis, the unemployment rate can reach 10% before the summer. Source
  2. 21 CEO of Swedish business companies have written a debate article encouraging the politicians to build a Corona commission that would combine both the measures for minimizing the health effects of the virus outbreak as well as the negative economic impact of this health crisis. Source
  3. According to UC, Sweden’s leading business and credit reference agency, the number of bankruptcies in the hotel and restaurant industry will increase by 57 percent in March 2020 compared to March 2019. Source
  4. The Swedish Minister for Financial Markets and Housing Per Bolund urged the banks to take their social responsibility and refrain from paying the dividends to shareholders under the current circumstances. The Riksbank has previously announced that it will offer financial support to crisis-hit companies by lending up to SEK 500 billion to the banks, which in turn will lend them to the companies. Source
  5. Swedish steal industry can be affected as car manufacturers are putting breaks on production. Demand for Swedish steel products is expected to decline as Europe's car and truck manufacturers slow down or stop production, and this will affect the Swedish steel industry. Source
Travel information from Swedish authorities

There is a temporary travel ban from countries outside the EU to Sweden, for 30 days from 19 March. For information concerning travel restrictions, visit the Swedish Ministry for Foreign Affairs’ website or use the Ministry’s Resklar app (in Swedish) - these and other recommendations were presented by the Minister for Foreign Affairs of Sweden Ann Linde in her recent address to the Swedes around the world, which can be found here. The latest updates regarding travel to Lithuania and Sweden can also be found at the homepage of the Embassy of Sweden in Lithuania.

upcoming events
partner news
Vilnius City appeals to businesses for help in fighting Corona

Go Vilnius, on behalf of the Emergency Operations Center of Vilnius City Municipality, appeals to everyone who can contribute to the mission of providing Vilnius city hospitals with the inventory and personal protective equipment needed to combat COVID-19 infection. Anyone who can provide funding for the purchase of protective measures and equipment which are urgently required by the medical professionals and/or assist in the purchase of these items is welcome to take contact by e-mail go@vilnius.lt or phone +37068657232.

Find out more
FOR SCCL MEMBERS ONLY
Online shop by Prohibicija

After an intensive day of working remotely, treat yourself with some refreshments that can be ordered online and delivered directly to your door. SCCL members receive 1 alcohol free Elderflower IPA free-of-charge for purchases above 20 euro. Promo code: Swedish Chamber. Add the promo code in the "note to your order" /"PRIDĖK PASTABĄ PRIE UŽSAKYMO" box.

Find out more
join our growing network!

Being a Member of the Swedish Chamber of Commerce in Lithuania is an effective way of establishing new business contacts, building networks and staying informed about Swedish-Lithuanian business. 
The Chamber has five membership categories for legal entities and two types of membership for individuals.

Apply here!
THANKS TO OUR SUPPORTERS!
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Swedish Chamber of Commerce in Lithuania

Gedimino Ave. 20, LT-01103, Vilnius
Lithuania

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