EIB supports Estonia in creating a new business model for rental housing market
European Investment Bank (EIB) have launched a cooperation to increase the availability of affordable and high-quality housing in Estonia. The aim is to develop a financing solution that helps mitigate the risks faced by private-sector developers outside major cities as well.
“Estonia is not just Tallinn. About a third of Estonia’s population lives outside Harju, Tartu and Pärnu counties, yet only up to two percent of new dwellings are built there,” said Minister of Infrastructure Kuldar Leis. “For developers, the risks are simply too high. This hampers labour mobility and regional development. Cooperation with the EIB helps bring modern rental housing to smaller centers. The aim is to arrive at a solution where state intervention is minimal and housing development can function as market driven as possible.”
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Originally published on 17 Feb
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Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct