(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
(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 Investment Fund (EIF) has committed €20 million to the SG Capital Baltic Private Credit Fund, a new initiative managed by Latvia-based SG Capital Partners AIFP. The fund aims to raise €100 million to support small and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, News, Small Business, Technology
Tagged acquisitions, Arvīds Kostomārovs, Baltic businesses, bonds, capital expenditure, Climate Action, economic growth, EIF, EIF investment, environmental sustainability, Estonia, European Investment Fund, flexible financing solutions, funding gap, Harijs Švarcs, INNOVATION, institutional investors, InvestEU programme, Latvia, Lithuania, Marjut Falkstedt, Mid-Sized Companies, partnership, private credit, private credit financing, senior loans, SFDR, SG Capital, SG Capital Baltic Private Credit Fund, SG Capital Partners AIFP, SMEs, sustainabilty, Sustainable Finance, Sustainable Finance Disclosure Regulation, working capital
(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 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) The European Bank for Reconstruction and Development (EBRD) is backing the growth of venture capital markets in the Baltic states by providing a €10 million investment in Practica Venture Capital III, managed by Lithuania-based venture capital manager Practica … Read the full press release
Posted in Banks, Business, Environment, Estonia, Financial, Government, Industrial, Investment, Latvia, Lithuania, Management, News, Technology, United Kingdom
Tagged Anne Fossemalle, Baltic Venture Capital Fund, EBRD, Estonia, INNOVATION, investment, Latvia, Lithuania, partnership, Practica Capital, sustainability, Tomas Andriuškevičius
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release
Posted in Banks, Business, Economy, Environment, Estonia, European Union, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Small Business
Tagged Baltic States, EIB, Estonia, financing, Latvia, Lithuania, Luminor Bank, Palle Nordahl, partnership, SME, sustainability, Thomas Östros
(IN BRIEF) Gasum has successfully delivered its second liquefied natural gas (LNG) cargo to the Inkoo floating storage regasification unit (FSRU) in Finland. The cargo, provided by Gasum’s partner Equinor, arrived on November 5th and is being regasified for integration … Read the full press release
Posted in Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Balticconnector gas pipeline, bunkering vessels, Equinor, Estonia, Finland, floating storage regasification unit, FSRU, gas pipeline grid, Gasum, Inkoo, Inkoo FSRU, Inkoo FSRU terminal, Jouni Liimatta, liquefied natural gas, LNG, LNG cargo, natural gas
(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Enefit Green, Estonia, partnership, sustainability, Thomas Östros, Veiko Räim, wind farm
(IN BRIEF) Nordic Investment Bank (NIB) has played a significant role in revitalizing Estonia’s healthcare over the past 15 years, funding six hospital-related projects with a total investment of EUR 138 million. One of the recent projects includes a EUR … Read the full press release
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