EU Funding project

Implementing the project “Increasing the competitiveness of UAB Bagfactory through the development of exports to foreign markets”

The aim of the project is to increase the competitiveness of Bagfactory, UAB by expanding into foreign markets with the company’s products. The incremental increase in the company’s turnover is due to the limited demand in the domestic market compared to foreign markets. For this reason, UAB Bagfactory has started to intensively expand its sales in foreign markets, and with this project it seeks to further expand its relations with the representatives of the Swedish, Dutch, United Kingdom and German markets by offering them relevant products.

UAB Bagfactory from 2019. July 30 until 2021 June 13 implements the project “Increasing the competitiveness of UAB Bagfactory through the development of exports to foreign markets” (No. 03.2.1-LVPA-K-801-05-0170) financed under Priority 3 of the European Union Funds Investment Operational Program for 2014–2020 “Small and Promoting the Competitiveness of Medium-Sized Businesses ”measure no. 03.2.1-LVPA-K-801 “New opportunities for LT”.

Project budget: 83 724.00 EUR

The amount of project financing is 41,862.00 EUR

Implementing institution: SE Lithuanian Business Support Agency

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