(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release
Posted in Banks, Business, Economy, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, Marketing, News, Small Business, Technology
Tagged advisory services, Baltic businesses, Citadele bank, economic growth, EIF, Estonia, European collaboration, European Investment Fund, InvestEU, job creation, Latvia, Lithuania, microbusiness financing, partnership, Small Business Support, SME loans
(IN BRIEF) Valio is a key partner in the EU-funded PRIMARY project, which aims to transform agricultural by-products into valuable resources. As part of the project, Valio is exploring grass biorefinery innovations, including using grass juice to fortify feed protein … Read the full press release
Posted in Agriculture, Business, Environment, Estonia, European Union, Financial, Finland, Food & Beverage, Government, Greece, Industrial, Investment, Management, News, Science, Small Business, Technology
Tagged agricultural by-products, bio-based materials, bioeconomy, bioenergy, biorefinery, cotton by-products, dairy farms, Estonia, EU, fermentation, Finland, grass biorefineries, Greece, Horizon Europe, olive residues, partnership, PRIMARY project, protein fortification, protein self-sufficiency, renewable energy, sustainability, Valio, VTT Technical Research Centre
(IN BRIEF) Lux Express, Estonia’s leading long-distance bus company, has added nine NEOPLAN Skyliner double-decker coaches to its fleet, enhancing service on the Tallinn-Tartu route. This €6 million investment will add 500 extra seats per day, providing relief during peak … Read the full press release
Posted in Business, Estonia, Germany, Industrial, Infrastructure & Utilities, News, Technology, Transportation & Logistics
Tagged diesel drive, Estonia, Heinz Kiess, high-quality service, Ingmar Roos, investment, long-distance buses, Lux Express, MAN Truck & Bus, mobility, NEOPLAN, passenger capacity, peak-time congestion, public transport, Skyliner double-decker coaches, sustainable transport, Tallinn, Tartu, transport innovation
(IN BRIEF) AFRY has been commissioned by the Geological Survey of Estonia to carry out a comprehensive Preliminary Economic Assessment and Pre-Feasibility Study for the Estonian Phosphate Ore project located in Toolse, Estonia. Recognizing Estonia’s significant phosphorite deposits, which are … Read the full press release
Posted in Business, Environment, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Sweden, Technology
Tagged AFRY, battery production, beneficiation plant, economic growth, environmental impact, Estonian Phosphate Ore project, fertilizers, Geological Survey of Estonia, global supply chain, high-tech industries, Janne Tikka, job creation, Merchant Grade Acid, minerals processing, partnership, phosphorite reserves, phosphorus, Pre-Feasibility Study, Preliminary Economic Assessment, rare earth elements, raw materials, regional economic development, renewable energy, Sirli Sipp Kulli, socio-economic impact, sulphuric acid plant, surface mining, sustainability, sustainable development, Toolse, underground mining
(IN BRIEF) The EBRD has invested €20 million in Coop Pank’s first-ever covered bond, listed on the Dublin Stock Exchange, to support the development of Estonia’s emerging capital markets and green financing initiatives. This investment marks the first EBRD transaction … Read the full press release
Posted in Estonia, Financial, Industrial, Infrastructure & Utilities, Technology
Tagged Baltic States, capital markets, Coop Pank, Covered Bond, debt market, Dublin Stock Exchange, EBRD, Estonia, financial instruments, Green Economy Transition, green financing, Green Projects, investment, oversubscription, Paavo Truu, Tomas Kairys, €20 million
(IN BRIEF) Ferrovial, through its Polish subsidiary Budimex, is at the forefront of the Rail Baltica project in Estonia, tasked with constructing a 58.08-kilometer high-speed railway from Pärnu to the Latvian border. Valued at around EUR332 million (approximately PLN 1.4 … Read the full press release
Posted in Business, Estonia, Industrial, Infrastructure & Utilities, Poland, Spain, Technology, Transportation & Logistics
Tagged 249 km per hour, alliance contract, Bouygues Travaux Publics, Budimex, construction, defect liability, design, Estonia, Estonian state budget, European Union, Ferrovial, high-speed railway, Ingérop Conseil et Ingénierie, KMG Infra OÜ, Latvian border, Pärnu, Rail Baltica, WSP Finland Oy
(IN BRIEF) Sweco has been selected as a key partner in the alliance spearheading the Rail Baltica project in Estonia, a major initiative aimed at overhauling the region’s railway network. This selection underscores Sweco’s role in providing high-level expertise in … Read the full press release
Posted in Estonia, Industrial, Infrastructure & Utilities, Sweden, Technology
Tagged alliance, economic development, engineering, environmental sustainability, Estonia, European connection, multidisciplinary projects, planning, Rail Baltica, rail network, Sustainable Design, Sweco, transport infrastructure
(IN BRIEF) A consortium led by the European Investment Bank in partnership with SEB and Luminor has provided €62 million to Sunly for a new 244 MW solar park in Risti, Estonia. Expected to be the Baltics’ largest photovoltaic facility … Read the full press release
Posted in Banks, Energy, Gas & Oil, Estonia, European Union, Financial, Infrastructure & Utilities, Internet & Online, Investment
Tagged Baltic region, battery storage, climate neutrality, EIB, Energy Independence, EU, financing, hybrid parks, Indrek Julge, investment, Lääne County, Luminor, Metsagrupp, Peep Jalakas, Photovoltaic, Priit Lepasepp, renewable energy, Risti, Russia decoupling, SEB, solar park, Sunly, Tallinn, Thomas Östros
(IN BRIEF) On 27 February, President Alar Karis visited the Institute of Biotechnology in Finland to learn about its research and infrastructure, particularly its work in structural biology and coronavirus research. The visit highlighted the potential for increased collaboration between … Read the full press release
Posted in Business, Education, Estonia, Financial, Finland, Government, Healthcare, Industrial, Investment, Management, News, Science, Technology
Tagged Academia Europaea, Alar Karis, Brussels, collaboration, coronavirus research, cryo-electron microscopy, Estonia, Estonian Academy of Sciences, Finland, Finnish Academy of Technical Sciences, Foundation, GeneCode, INNOVATION, Institute of Biotechnology, Juha Huiskonen, Mart Saarma, Molecular Biology, Parkinson's disease, partnership, research collaboration, research infrastructure, scientific advancements, structural biology, University of Helsinki, University of Tartu
(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
Tagged Baltic Sea, BRELL energy system, CEF, CEN, Connecting Europe Facility, Continental European Network, electricity grids, Energy Independence Day, energy infrastructure, energy security, energy transition, Estlink, Estonia, EU, European Commission, fossil fuels, Harmony Link Interconnector, interconnectors, Latvia, Lithuania, LitPol Link, Malgosia Bartosik, NordBalt, Offshore wind, partnership, renewable energy, sustainability, Ursula von der Leyen, wind farms, wind power, WindEurope
(IN BRIEF) On February 9, 2025, Estonia, Latvia, and Lithuania successfully synchronized their electricity systems with Continental Europe’s electricity grid, marking a historic achievement for the Baltic States and Europe. The synchronization improves energy security and independence for the region, … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
Tagged Amprion, Augstsprieguma tīkls, Baltic States, BELARUS, CESA, Connecting Europe Facility, Continental Europe Synchronous Area, Dan Jørgensen, electricity grids, electricity interconnections, Elering, energy cooperation, Energy Independence, energy resilience, energy security, ENTSO-E, Estonia, European Commission, European electricity transmission system operators, European Union, Latvia, Litgrid, Lithuania, partnership, PSE, RUSSIA, sustainability, synchronization, transmission system operators, Zbyněk Boldiš
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has led a €6 million pre-series A investment round in the Estonian company Miros, marking its first venture capital investment in Estonia. This funding, which also involves Tera Ventures and … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Estonia, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged AI innovation, Aziza Zakhidova, E-Commerce, EBRD, Estonia, Heikki Haldre, investment, leadership, Miros, partnership, retail, Toomas Hendrik Ilves
(IN BRIEF) Bentley Tallinn has inaugurated its new luxury showroom and service center at Pirni 1, featuring a spacious, light-filled display area and a customization section for clients to personalize their vehicles. Managed by Auto 100 Premium, the grand opening … Read the full press release
Posted in Automotive, Business, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology, United Kingdom
Tagged Auto 100 Premium, Bentley Tallinn, Continental GT, Estonia, Flying Spur, partnership, showroom, UK
(IN BRIEF) Vaisala and the Estonian Environment Agency have installed Europe’s first C-band Solid-State Power Amplifier weather radar in Tallinn. This advanced technology offers improved weather forecasting accuracy, enhanced system reliability, and lower operational costs compared to traditional radars, setting … Read the full press release
Posted in Aviation & Aerospace, Business, Construction, Environment, Estonia, Finland, Government, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged Aleksis Kajava, C-Band Solid-State Power Amplifier (SSPA), Estonia, partnership, sustainability, Tanel Voormansik, Vaisala, Weather Radar
(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, Financial, Industrial, Investment, Latvia, Management, News, Technology, United Kingdom
Tagged Arvils Aseradens, EBRD, Estonia, investment, Latvia, Madis Muller, partnership, sustainability
(IN BRIEF) The Nordic Investment Bank (NIB) has provided a EUR 15 million loan to the City of Pärnu, Estonia, to fund key infrastructure projects, including the construction of a new city bridge, which will be the longest in the … Read the full press release
Posted in Banks, Business, Construction, Environment, Estonia, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged André Küüsvek, Infrastructure Project, Meelis Kukk, NIB, Pärnu, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) has approved a €400 million loan tranche to Estonia, marking the second installment of a larger €700 million loan aimed at bolstering the Estonian economy. This financing, focused on green and digital investments, … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged digital, EIB, Estonia, Jean-Christophe Laloux, Mart Võrklaev, partnership, sustainability
(IN BRIEF) Estonia has pledged €10 million to the European Investment Bank’s (EIB) EU for Ukraine Fund, part of a broader initiative aimed at addressing Ukraine’s urgent needs and sustaining its economic stability. With support from multiple donors, including other … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Ukraine
Tagged EIB, Estonia, EU Fund, Jean-Erik de Zagon, Mart Võrklaev, partnership, recovery, Russian Aggression, sustainability, UKRAINE
(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has acquired 23,883 hectares of land, including 19,276 hectares of forestland, across Finland, Estonia, and Latvia. This acquisition aligns with their commitment to responsible forest management. The properties contain a … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release
Posted in Banks, Business, Environment, Estonia, Financial, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business
Tagged Arvils Aseradens, BALTIC, EIB Group, Evika Siliņa, Mart Võrklaev, Nadia Calviño, offices, partnership, Riga, SMEs, sustainability, Tallinn, Thomas Östros
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