Development of export markets of CJSC "OMNA" through participation in exhibitions
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Omna, UAB, is implementing the project "Development of export markets of Omna, UAB through participation in exhibitions" No 02-036-K-0039. The total value of the project is EUR 162 689,00, of which EUR 81 344,50 are European Union funds.
The project shall be implemented in accordance with the Contract, Development Programme Progress Measure No 05-001-01-11-04 "Implementation of measures to promote the growth of export competitiveness", the description of the activity "Promotion of the internationalisation of SMEs' activities and the identification of new export markets (Central and Western Lithuania region)", approved by the Order of the Minister of Economy and Innovations of the Republic of Lithuania of 9 August 2023, No.4-438 "Concerning the Order of the Minister of Economy and Innovation of 2 August 2022, No. 4-895 "On the approval of the description of Progress Measure No 05-001-01-11-04 of the Progress Measure No 05-001-01-11-04 of the Development Programme No 05-001-01-11-04 of the Ministry of Economy and Innovation, the manager of the Development Programme 2022-2023 of the Ministry of the Economy and Innovation of the Republic of Lithuania" (with the latest amendments), in the Rules on Project Administration and Financing approved by the Minister of Finance of the Republic of Lithuania on August 1, 2022. The conditions and procedures set out in the Order of the Minister of Finance of the Republic of Lithuania of 22 June No. 1K-237 "On the Implementation of the European Union Funds Investment Programme 2021-2027 and the Economic Recovery and Resilience Improvement Plan "New Generation Lithuania"" and the EU and Republic of Lithuania legal acts referred to therein.
The project activities are aimed at promoting the export of Omna's products, finding new export markets and expanding existing markets, and increasing the company's competitiveness. The investments are planned to be used for the presentation of the SME and its products at international exhibitions abroad.
Omna is a specialised company focusing on in-depth market research and investment projects, as well as on the implementation of information technologies.
As the company has already occupied a significant part of the Lithuanian market, attempts are being made to increase the company's turnover by searching for foreign markets, the first steps have already been made, the company has already started export activities, but in order to expand its export activities on a larger scale, the company needs to present its products in detail at exhibitions, which requires considerable investment. The company is not in a position to carry out the project on its own resources and therefore needs external support, as there is an untapped opportunity for export expansion. The objective of the project is to ensure the emergence of new export markets, thus contributing to the diversification of the company's markets and risks, the increase in turnover, exports, competitiveness and the overall growth of Lithuanian export volumes.
It is planned that participation in international exhibitions related to the company's products will help to find potential customers and partners in foreign countries, who will appreciate the quality of UAB Omna's products and the many years of experience it has. The company already exports its products, but is seeking to make better use of its potential and therefore intends to expand its exports by participating in exhibitions. There is already a noticeable interest from foreign countries. The exhibitions have been chosen in view of the fact that these are countries with a high level of technological development and a huge development potential in the sector to which the company is exposed. If the necessary contacts are established in these markets in good time, a significant market share can be expected.
Project implementation period 4 June 2024 - 30 June 2026.
Enquiries relating to the project can be addressed to info@omna.lt