Nokia secures €870 million loan from EIB to drive Europe’s leadership in advanced mobile technologies
The EIB loan will support Nokia’s research and development in radio access networks, covering both hardware and software. These technologies are key to boosting the performance, energy efficiency and cybersecurity of mobile systems. They also lay the groundwork for integrating artificial intelligence in future 6G networks. The project helps retain high-skilled jobs and critical intellectual property within Europe.
“Nokia’s innovations in 5G and 6G are key to Europe’s digital future,” said EIB Vice-President Karl Nehammer. “By supporting this R&D programme, we are helping to secure strategic autonomy in next-generation network technologies and strengthen Europe’s competitiveness in a critical sector.”
Headquartered in Espoo, Nokia is a global leader in fixed, mobile and cloud network technologies, with operations in more than 130 countries and over 78,000 employees. The company invested €4.5 billion in R&D in 2024, representing 23% of its annual revenue.
Read full announcement (external link)
Originally published on 16 Dec
Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.
Enable Banking and Qred announce a strategic partnership to revolutionize financing for entrepreneurs. By leveraging real-time financial data and seamless account-to-account payments, Qred enhances credit decisions and operational efficiency. This collaboration highlights the transformative power of open banking in supporting small businesses, enabling them to grow, invest, and expand with ease.
Read full announcement (external link)
Originally published on 31 Jan
Today, the Commission has registered ‘Aglonas maizes veistūklis’ from Latvia as Protected Geographical Indications (PGI). ‘Aglonas maizes veistūklis’ is a rye bread with pieces of dried pork fat and onions baked into it. The method used to produce the bread and the recipe have been preserved and have not changed since the end of the 19th century. It still has to be prepared by hand, starting with the preparation of the flour, the kneading of the rye dough, the shaping of ‘Aglonas maizes veistūklis’, the filling of the dough and the baking of the bread. The reputation of ‘Aglonas maizes veistūklis’ stems mainly from the tradition, passed down within families from generation to generation, of baking the bread in brick ovens.
Read full announcement (external link)
Originally published on 31 Jan
The European Investment Bank (EIB) signed an agreement to support Poland’s largest utility Polska Grupa Energetyczna (PGE) with a €400 mln loan towards the design and construction of Baltica 2, the European Union’s largest offshore wind farm to date. Baltica 2 will feature innovative technology for a 1.5 GW capacity and sit off the Polish coast in the Baltic Sea. Supported by major European funding, it is being developed by PGE and leading offshore wind company, Denmark’s Ørsted.
Read full announcement (external link)
Originally published on 30 Jan
The Commission will allocate almost €1.25 billion in grants from the Connecting Europe Facility (CEF) to 41 cross-border energy infrastructure projects, which have obtained the status of Projects of Common Interest and Projects of Mutual Interest (PCIs and PMIs) in 2024 under the Trans-European Networks for Energy (TEN-E) policy framework.
Read full announcement (external link)
Originally published on 30 Jan
Lithuanian company Ulsontech has attracted interest from businesses not only in Europe but also in Asia with its innovative ultrasound solutions. Successfully entering international markets, the company’s CEO, Dr. Vykintas Samaitis, highlights that this achievement is the result of consistent effort and the adoption of new digitization solutions supported by the European Digital Innovation Hub EDIH4LT and the Innovation Agency Lithuania.
Read full announcement (external link)
Originally published on 28 Jan
The coalition parties have agreed that either the state or Elering will support the construction of energy storage capacities. The Ministry of Climate historically believed energy storage would be built on market demand. The Ministry of Education and Research, Kristina Kallas stated, “If we purchase offshore wind energy on a large scale and develop these capabilities, we must also ensure that we have the infrastructure for long duration energy storage.” She emphasised that constructing an offshore wind facility without appropriate energy storage poses a significant risk of energy being exported.
Read full announcement (external link)
Originally published on 27 Jan
The Estonian Ministry of Economic Affairs and Communications has announced the launch of a €100 million Defence Fund, established to support the development of innovative defence and security capabilities to meet the growing global demand for new solutions. Managed by national fund manager SmartCap, the fund will provide direct investments to defence companies and funds investing in military and dual-use technologies.
Read full announcement (external link)
Originally published on 21 Jan
Doubts have been raised about Energiø Bornholm’s relevance and economy, but the project has never been more important. Besides being a crucial project in the European fight against climate change, the energy island has every opportunity to become a good business for Denmark.
Read full announcement (external link)
Originally published on 15 Jan
US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
Read full announcement (external link)
Originally published on 14 Jan
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.
Read full announcement (external link)
Originally published on 17 Oct