Ellex Valiunas has represented the European Bank for Reconstruction and Development with regard to a EUR 50 million loan agreement with Lithuania's Public Investment Development Agency.
According to Ellex Valiunas, "the purpose of the loan is to finance multi-apartment building modernization projects in Lithuania. This loan agreement is of prime importance for the country as it will speed up multi-apartment building renovation processes and improve the living conditions for the residents of the renovated buildings."
The firm describes the loan as "the first large EBRD investment in the energy consumption efficiency of multi-apartment buildings in Lithuania."
The firm's team consisted of Partner Gediminas Reciunas, Senior Associate Ausra Brazauskiene, and Associate Enrika Tamasauskaite.