Posts Tagged ‘EU’
EIB Group opens office in Estonia to bolster strategic investments
The European Investment Bank (EIB) Group opened an office in Estonia today to drive strategic investments and sustainable growth in the country. The new office, located in the capital Tallinn, will focus on priority projects in areas including climate action, digitalisation, security and defence.
The EIB Group, which also includes the European Investment Fund (EIF), will use its presence in Tallinn to deepen cooperation with Estonian partners in the public and private sectors including small and medium-sized enterprises (SMEs).
Read full announcement (external link)
Originally published on 8 Apr
Read MoreEIB Group opens office in Latvia to support strategic investments
The European Investment Bank (EIB) Group opened an office in Latvia today to propel strategic investments and sustainable growth in the country. This office, located in the capital Riga, will focus on priority projects in areas including climate action, digitalisation, housing, security and defence.
The EIB Group, which also includes the European Investment Fund (EIF), will use its presence in Riga to deepen cooperation with Latvian partners in the public and private sectors including small and medium-sized enterprises (SMEs).
Read full announcement (external link)
Originally published on 7 Apr
Read MoreSweden: EIB supports plant protein factory, reducing the need for imports entering Europe
The European Investment Bank (EIB) has granted a €50 million loan to Lantmännen to co-finance the construction of a new pea protein isolate factory in Lidköping. The loan will cover approximately half of the project investment cost.
The first of its kind in Sweden, the factory will have an annual processing capacity of over 40 000 tonnes of peas grown by Lantmännen cooperative members. It is expected to be completed in the first half of 2027 and to create around 30 jobs in the region.
Read full announcement (external link)
Originally published on 3 Apr
Read MoreInvalda INVL Group raises the largest PE fund in the Baltics exceeding target at first close reaching EUR 305 million
Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million. The INVL Private Equity Fund II has received strong backing from both existing and new investors, forming an exceptional investor base. This includes some of the most successful entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas. Fundraising will continue to reach a hard cap of EUR 400 million.
Read full announcement (external link)
Originally published on 17 Feb
Read MoreEU in talks to fund fleet to repair damaged subsea cables
The European Union is mulling a public-private initiative worth “hundreds of millions” of euros to buy ships that can promptly repair subsea cables in case of damage or sabotage, the bloc’s tech chief said.
“We are discussing now with member states what would be the amount that is needed,” Henna Virkkunen, the European Commission’s executive vice-president for technological sovereignty, security and democracy, said on the sidelines of the Munich Security Conference. “When it comes to security we see that there’s an urgent need for action.”
In recent months, there have been a string of incidents in the Baltic Sea in which telecommunication and power cables strung across the sea floor between countries were damaged by passing ships. While it is unclear whether these disruptions were accidental or intentional, they have spurred the EU to focus on its infrastructure’s resilience, including by ramping up the continent’s cable-repairing fleet.
Subsea cables carry internet and power connections across countries and continents and their loss can cause disruptions to digital services, including web access and payments, and force telecommunications providers to reroute traffic. More than 95% of global data traffic goes through subsea cables, according to the International Cable Protection Committee.
Source: Bloomberg
Read More