(IN BRIEF) The Nordic Investment Bank is providing a €15 million loan to Rīgas satiksme to support the electrification and modernisation of Rīga’s trolleybus network. The financing will help extend the city’s overhead power network, allowing more trolleybus routes to … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Latvia, Transportation & Logistics
Tagged 40 million passenger trips, auxiliary diesel engines, buses, catenary infrastructure, clean transport, diesel engine reduction, Electric Public Transport, electrification, feeders, Jānis Naglis, Kaspars Piladzis, Latvia, municipal transport company, network reliability, NIB, NIB Supports Cleaner Public Transport in Rīga With €15 Million Loan, Nordic Investment Bank, overhead power network, paid parking, power lines, power supply systems, public transport, Riga, Rīga to Expand Electric Trolleybus Operations With Nordic Investment Bank Financing, Rīgas satiksme, service delays, sustainable transport, switchgear, traction substations, trams, trolleybus network, trolleybuses, urban mobility, voltage drops, €15 million loan, €20 million investment
(IN BRIEF) The Nordic Investment Bank has signed a 10-year NOK 750 million loan agreement with Elkem ASA to finance the company’s research and development investments in Norway between 2025 and 2029. The programme focuses on process innovation, energy efficiency, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Investment, Metals and Minerals, Norway
Tagged carbon solutions, decarbonisation, Elkem, Elkem ASA, Elkem Secures 10-Year NIB Financing to Support Low-Carbon Materials Research, Elkem to Advance Energy Efficiency and Emissions Reduction R&D With NIB Financing, Emissions Reduction, energy efficiency, ferrosilicon, foundry alloys, hard to abate sectors, Helsinki, industrial competitiveness, industrial materials, industrial partners, low carbon materials, Moody’s, NIB, NIB Provides NOK 750 Million Loan to Finance Elkem’s R&D Investments in Norway, NIB Supports Norwegian Industrial Materials Innovation Through Loan to Elkem, NOK 750 million loan, Nordic Investment Bank, Nordic-Baltic region, Norway, Operational Efficiency, Oslo, process innovation, product quality, R&D investments, renewable energy, research and development, research institutions, Riga, S&P Global Ratings, Sari Cabell, silicon
(IN BRIEF) The Nordic Investment Bank has signed a four-year €22 million InvestEU-backed loan with Finnish cloud services company Verda Cloud Oy. The financing will support the acquisition of GPUs, networking equipment and storage infrastructure, enabling the company to expand … Read the full press release
Posted in Artificial Intelligence (AI), Business, European Union, Financial, Finland, Internet & Online, Investment, Technology
Tagged AI Infrastructure, artificial intelligence, cloud computing, cloud infrastructure, Connectivity Data Infrastructure and Digital Technologies, data centres, data driven applications, digital infrastructure, digital transition, EU-based cloud service provider, European Union, Finland, GPUs, graphics processing units, Helsinki, high-performance computing, InvestEU, InvestEU-Backed Loan Helps Verda Cloud Scale Computing Capacity for AI and Data Applications, Jeanette Vitasp, Moody’s, networking equipment, NIB, NIB Supports Finnish Cloud Infrastructure Investment With €22 Million InvestEU-Backed Loan, Nordic Investment Bank, Nordic-Baltic region, Riga, Ruben Bryon, S&P Global Ratings, storage equipment, Verda Cloud, Verda Cloud Oy, Verda Cloud Secures NIB Financing to Expand High-Performance Computing Capacity
(IN BRIEF) NIB has approved an investment loan of up to NOK 241 million to Tide Buss AS to finance the purchase of 105 electric buses for public transport operations in Norway. The buses will be used under long-term concessions … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, News, Norway, Transportation & Logistics
Tagged 105 electric buses, AAA credit rating, André Küüsvek, auxiliary heaters, clean transportation, CO₂ savings, DNB, DNB and InvestEU, electric buses, EU taxonomy, European Union, green transport, Helsinki, HVO, hydrotreated vegetable oil, InvestEU Fund, local air pollutants, long-term concessions, low-emission transport, Moody’s, NEB, NIB, NIB Approves NOK 241 Million Loan to Support Tide Buss Electric Bus Investment in Norway, NIB Environmental Bond, NIB Financing Helps Tide Buss Expand Low-Emission Public Transport Operations in Norway, NIB Provides Financing to Tide Buss for 105 Electric Buses in Norway, NOK 241 million loan, NOK 498 million project, Nordic Investment Bank, Nordic-Baltic region, Norway, public transport, Public Transportation Authorities, Riga, Ronny Paulsen, S&P Global Ratings, Sogn, Sunnhordland, sustainable mobility, Tide AS, Tide Buss Advances Zero-Emission Mobility in Norway Through NOK 498 Million Electric Bus Project, Tide Buss AS, Tide Buss to Deploy 105 Electric Buses in Norway with Support from NIB, Vestfold, zero tailpipe emissions, zero-emission mobility
(IN BRIEF) NIB has signed a EUR 55.5 million uncommitted credit facility with AB Klaipėda State Seaport Authority to support a EUR 111 million infrastructure investment programme at Klaipėda Seaport in Lithuania. The programme will fund upgrades aimed at improving … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Lithuania, News, Transportation & Logistics
Tagged AAA credit rating, AB Klaipėda State Seaport Authority, Algis Latakas, André Küüsvek, Baltic countries, cargo handling capacity, cruise ship terminal, cyber resilience, EUR 111 million investment programme, EUR 55.5 million credit facility, green energy operations, Green Hydrogen Hub and Maritime Infrastructure Upgrades, green hydrogen production, Helsinki, hydrogen refuelling hub, Klaipėda Seaport, Klaipėda Seaport Secures NIB Financing for Cruise Facilities, Klaipėda State Seaport Authority, Lithuania, low-emission solutions, Maritime Safety, Moody’s, navigational infrastructure, NIB, NIB Backs Klaipėda Seaport’s EUR 111 Million Programme to Expand Capacity, NIB Provides EUR 55.5 Million Credit Facility to Support Major Infrastructure Upgrades at Klaipėda Seaport, NIB Supports EUR 111 Million Infrastructure Investment Programme at Klaipėda Seaport in Lithuania, NIB Supports Strategic Port Modernisation in Lithuania Through Financing for Klaipėda Seaport Investment Programme, Nordic Investment Bank, Nordic-Baltic region, Offshore Wind Logistics, onshore power supply, passenger facilities, port access, port capacity, port infrastructure, radar systems, regional supply chain resilience, Riga, S&P Global Ratings, Safety and Green Port Operations, sustainable transport, trade connectivity
(IN BRIEF) The European Investment Bank (EIB), the Latvian government, and the State Real Estate Agency (VNI) have signed an agreement to develop a new military base and training area in Selonia, along with a storage facility in Kuldīga. The … Read the full press release
Posted in Banks, Defence, European Union, Financial, Government, Industrial, Investment, Latvia, Luxembourg, News, Technology
Tagged Andris Sprūds, Arvils Aseradens, Baltic region, defence infrastructure, defence investment, EIB, EIB and Latvian Authorities Collaborate on Selonia Military Base and Defence Infrastructure Development, EIB to Support Latvia’s First Defence Infrastructure PPP with Advisory Expertise, European Investment Bank, European security, Infrastructure Development, Karl Nehammer, Kuldīga, Latvia, Latvia Advances Defence Infrastructure with EIB Support for Selonia Base and Kuldīga Facility, Latvian government, military base, Ministry of Defence, National Armed Forces Development Plan 2025–2036, NATO, PPP, Public Private Partnership, ReArm Europe, Renārs Griskevičs, resilience, Riga, SECURITY, Selonia, State Real Estate Agency, storage facility, training area, VNI
(IN BRIEF) NIB has extended an €18.3 million, 10-year loan to Joo Group Oy to support four new residential buildings in Turku and Kirkkonummi, Finland, totaling a €40 million investment. Slated for delivery in 2025, the developments will add nearly … Read the full press release
Posted in Banks, Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged André Küüsvek, energy class A, EU taxonomy, Fastighets AB Balder, Finland, Helsinki, Joo Group Oy, Kirkkonummi, LEED Platinum, NIB, Nordic Investment Bank, Nordic-Baltic region, partnership, rental apartments, residential development, Riga, solar energy, sustainable housing, Turku
(IN BRIEF) The EBRD has announced that its 35th Annual Meeting will be held in Riga, Latvia, from June 5 to 7, 2026. The event, expected to attract over 2,000 participants, will feature a comprehensive programme, including discussions on investment … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Latvia
Tagged Annual Meeting, Arvils Aseradens, Business Forum, Donors’ Meeting, EBRD, EBRD Governor, energy efficiency, energy security, export competitiveness, financial sector, institutional investment, investment destination, Kazuhiko Koguchi, Latvia, Latvia investment climate, partnership, Riga
(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
17-9-2013 — /EuropaWire/ — This year’s EUROPEAN CULTURAL DAYS of the European Central Bank (ECB) features artists from Latvia – the next country to adopt the euro. Under the motto “Enchanting Latvia”, a range of cultural venues across Frankfurt am Main will … Read the full press release
Posted in Art & Culture, Banks, Financial, Germany, Latvia
Tagged adopt the euro, Aigars Reinis, Ainārs Rubiķis, Alvis Hermanis, artists, Baiba Skride, Bulgarian composer Dobrinka Tabakova, Camille Saint-Saëns, Deutsche Architekturmuseum, Dobrinka Tabakova, ECB's EUROPEAN CULTURAL DAYS, Enchanting Latvia, Ēriks Ešenvalds, Euro, European Central Bank, EUROPEAN CULTURAL DAYS, Gesellschaftshaus Palmengarten, Ilmārs Rimšēvičs, Latvia, Latvian National Symphony Orchestra, Latvian Radio Choir, Latvijas Banka, Mario Draghi, Pēteris Barisons, Pēteris Vasks, Professor Oskars Redbergs, Reinhold Friedrich, Reinis Zariņš, Richard Wagner, Riga, Rihards Dubra, State Chamber Orchestra “Sinfonietta Rīga”, The Latvian State Choir “Latvija”
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