(IN BRIEF) The EIB and Estonia have launched a 13-month advisory partnership designed to expand affordable rental housing and stimulate residential investment outside the country’s largest counties. With only a small fraction of new homes currently being built in regional … Read the full press release
Posted in Banks, Construction, Estonia, European Union, Financial, Industrial, Investment, Luxembourg, News, Real Estate
Tagged affordable housing, economic competitiveness, EIB, Estonia, Estonian Academy of Arts, EU housing policy, European Investment Bank, European Investment Bank and Estonia Launch Strategic Programme to Unlock Regional Rental Housing Development, housing finance, HousingTechEU, infrastructure investment, Joint Initiative Sets Foundation for Sustainable Market Driven Rental Housing Growth Across Estonia, Karl Nehammer, Kuldar Leis, labour mobility, market assessment, Ministry of Climate Estonia, real estate development, regional development, rental housing, University of Tartu, urban rural balance
(IN BRIEF) Telia Norway has been named the country’s best mobile network for the second consecutive year following an extensive benchmark by Rohde & Schwarz. Achieving a Network Performance Score of 830 out of 1,000, Telia outperformed other leading Norwegian … Read the full press release
Posted in Awards, Business, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, Norway, Sweden, Technology, Telecom
Tagged 4G, 5G, Axel Hansmann, Bjørn Ivar Moen, Bodø, data services, digital infrastructure, Estonia, Lithuania, Mobile Network Benchmark, Narvik, network modernization, Network Performance Score, Norway, Rohde & Schwarz, Rohde & Schwarz SwissQual AG, telecommunications, Telia Norway, Telia Norway Strengthens Leadership in 4G and 5G Performance Following Comprehensive Nationwide Network Evaluation, Tromsø, voice services
(IN BRIEF) The European Investment Fund, together with Estonia, Latvia and Lithuania, has launched the €225 million Baltic Innovation Fund 3 to strengthen the region’s private equity and venture capital market and mobilise up to €700 million in total investment … Read the full press release
Posted in Banks, Business, Estonia, European Union, Financial, Investment, Latvia, Lithuania, Luxembourg, Small Business, Technology
Tagged Altum, Baltic innovation ecosystem, Baltic Innovation Fund 3, climate-aligned investment, EIF and Baltic Partners Strengthen Regional Investment Ecosystem with Baltic Innovation Fund 3, Estonia, European Investment Fund, Fiduciary Management, growth capital, ILTE, Latvia, Lithuania, Marjut Falkstedt, private equity, public-private investment, Reinis Bērziņš, scale-ups, Sille Pettai, SmartCap, startup funding, Tadas Gudaitis, venture capital
(IN BRIEF) The Nordic Investment Bank and Metrosert AS have signed a 10-year EUR 11.4 million loan agreement to finance the creation of a new Drone Technology Unit at the Applied Research Centre in Tallinn, Estonia, as part of a … Read the full press release
Posted in Aviation & Aerospace, Banks, Defence, Estonia, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, News, Technology
Tagged André Küüsvek, Applied Research Centre Tallinn, autonomous aviation, Autonomous Vehicles, biorefining, Communications, defence R&D, Drone Technology Unit, drone testing, Estonia, flight physics, hardware security, health data, hydrogen technologies, metrology, Metrosert and NIB Advance Estonia’s R&D Capacity with Investment in Drone Technology Unit, Metrosert AS, national R&D capacity, navigation, NIB, NIB and Metrosert Sign Long-Term Financing Agreement to Establish New Drone Technology Unit in Tallinn, Nordic Investment Bank, Nordic-Baltic region, Rainer Kivimäe, unmanned systems
(IN BRIEF) ELKO Group has been appointed as an authorised distributor of Segway Navimow’s wire-free, AI-enabled robotic lawn mowers across seven countries in the Baltics and Central and Eastern Europe, expanding the brand’s retail reach through ELKO’s Massive Retailer Channel … Read the full press release
Posted in Artificial Intelligence (AI), Business, Electronics & Machinery, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Management, Marketing, Retail, Technology
Tagged AI obstacle detection, Baiba Indane, Baltics, Bulgaria, Central and Eastern Europe, CROATIA, ELKO Group, ELKO Group Becomes Regional Distributor for Segway Navimow’s Wire-Free AI Robotic Lawn Mowers, Estonia, i2 AWD, i2 LiDAR, i2 LiDAR Pro, Latvia, LiDAR navigation, Lithuania, Network RTK, retail distribution, robotic lawn mowers, Romania, Ryan Kong, Segway Navimow, Slovenia, smart garden, smart home, wire-free mowing, X4 Series
(IN BRIEF) The EBRD invested a record €654 million in the Baltic states in 2025, driven by unprecedented levels of financing in Latvia and Lithuania and continued strong performance in Estonia, with more than 95 per cent of funds supporting … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Estonia, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, Marketing, Technology, United Kingdom
Tagged Baltic Capital Markets Acceleration Fund, Baltic States, battery energy storage, capital markets, decarbonisation, EBRD, EBRD delivers record €654 million investment in the Baltic states in 2025 with strong green focus, electric vehicle charging, energy security, Estonia, green transition, Ignitis, ILTE, Kelme Wind Park, Latvia, Lithuania, private sector investment, renewable energy, Securities Market Act, securitisation, Sunly, Tomas Kairys
(IN BRIEF) The EIB Group has entered into a landmark synthetic securitisation agreement with Estonia’s Coop Pank, enabling the release of capital that will support up to €249 million in new lending to businesses across the country. Through guarantees provided … Read the full press release
Posted in Banks, Business, Estonia, European Union, Financial, Investment, Luxembourg, Small Business, Technology
Tagged Baltic banking sector, capital relief, Climate Action, Coop Pank, EIB Group, EIB Group supports Estonian economy through first synthetic securitisation with Coop Pank, environmental sustainability, Estonia, European Investment Bank, European Investment Fund, gender equality financing, Innovative EIB Group deal boosts Coop Pank’s lending capacity for Estonian SMEs and green projects, Mid-Cap companies, SME financing, Sustainable Finance, synthetic securitisation
(IN BRIEF) NIB has provided a EUR 25 million loan to AS Tallinna Vesi to extend and expand the city’s wastewater infrastructure upgrade programme through 2026. The investment will renovate around 18 kilometres of ageing wastewater pipelines, modernize treatment plant … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged André Küüsvek, AS Tallinna Vesi, digitalisation, energy efficiency, environmental stewardship, Estonia, EUR 25 million loan, infrastructure financing, Nasdaq Tallinn, NIB, NIB Backs Tallinn Wastewater Investment Programme to Strengthen Reliability and Reduce Environmental Impact, NIB Provides EUR 25 Million to Support Major Wastewater Infrastructure Upgrades in Estonia with Tallinna Vesi, NIB Provides EUR 25 Million to Support Tallinna Vesi’s Upgrades to Networks and Treatment Systems, Nordic Investment Bank, OÜ Utilitas, pipeline renovation, stormwater management, sustainable urban development, Taavi Gröön, Tallinn, Tallinna Vesi Receives EUR 25 Million NIB Loan to Strengthen Estonia’s Wastewater Systems and Improve Operational Efficiency, Tallinna Vesi Receives EUR 25 Million NIB Loan to Strengthen Wastewater Infrastructure and Boost Operational Efficiency, utility services, wastewater infrastructure, wastewater treatment plant
(IN BRIEF) Nokia has signed an extended partnership with Telia to enhance 5G capabilities across the Nordic and Baltic regions, deploying its cloud-native 5G Standalone Core in Finland, Sweden, Norway, Estonia, and Lithuania. The agreement also includes the use of … Read the full press release
Posted in Business, Estonia, Finland, Industrial, Infrastructure & Utilities, Internet & Online, Lithuania, News, Norway, Sweden, Technology, Telecom
Tagged 5G Core, 5G standalone, AI, Alexandra Fürst, automation, cloud-native networks, connectivity, digital transformation, energy efficiency, Estonia, Finland, Gartner, Kal De, Lithuania, network scalability, Nokia, Nokia and Telia Strengthen Strategic Partnership to Advance 5G Networks Across the Nordics and Baltics, Nokia DX Division, Nordic and Baltic, Norway, Omdia, RAN, sustainability, Sweden, telecom infrastructure, telecommunications, Telia, Telia Enhances 5G Capabilities Across Northern Europe with Nokia’s Standalone Core and RAN Solutions
(IN BRIEF) ELKO Group has formed a new partnership with Swedish company STORViX, becoming the official distributor of its intelligent data storage solutions in Latvia, Lithuania, Estonia, and Greece. The collaboration centers on STORViX’s AiRE IntelligentFiler, a unified AI-powered platform … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Latvia, Marketing, News, Sweden, Technology
Tagged AI, AiRE IntelligentFiler, data storage, ELKO and STORViX Join Forces to Deliver AI-Driven Data Storage for Modern IT Infrastructures, ELKO Group, energy efficiency, enterprise IT, Estonia, Greece, hybrid cloud, intelligent data platform, Latvia, Lithuania, scalable storage, SmartCARE, STORViX, technology partnership, virtualization
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has extended a €30 million sustainability-linked loan to Scandagra Group, backed by an InvestEU guarantee, to support the agribusiness company’s operations in Estonia, Latvia and Lithuania. The financing will fund … Read the full press release
Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management
Tagged Baltic States, biodiversity, climate-smart farming, Dansk Landbrugs Grovvareselskab, Dataväxt, DLG, EBRD, EBRD and InvestEU support Scandagra with €30 million loan to scale precision farming in the Baltics, Estonia, European Bank for Reconstruction and Development, greenhouse gas emissions reduction, InvestEU, Lantmännen, Latvia, Lithuania, nutrient efficiency, Precision Agriculture, Scandagra Group, Scandagra secures first sustainability-linked loan from EBRD to cut emissions and boost resource efficiency, sustainability-linked loan, €30 million EBRD financing to drive climate-smart agriculture and green innovation across Baltic farmland
(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) Swedbank has officially named Olof Sundblad as the permanent Head of Baltic Banking, elevating him from his acting role since October 2024. In this new capacity, he will remain a member of the Group Executive Committee. Sundblad’s appointment … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Sweden, Technology
Tagged acting Head, appointment, Baltic Banking, CFO, customer benefit, Estonia, financial industry, Group Executive Committee, growing economies, Jens Henriksson, Latvia, leadership, Lithuania, Olof Sundblad, Operating profit, permanent appointment, press release, Stockholm School of Economics, Swedbank
(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) 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
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