Posts Tagged ‘EU’
€224 million from the EU Innovation Fund for Vetyalfa
Through its 2025 Hydrogen Auction, the European Commission has selected nine flagship projects from its Innovation Fund to proceed to contract negotiations. The Cloudberry project by the Finnish company Vetyalfa Oy is also set to receive funding. The Commission published the results of the auction on May 7, 2026.
The selected projects will receive a total of approximately €1.09 billion in EU funding, of which the Finnish project’s share would be approximately €224 million. This is the largest amount of funding ever granted to Finland from the EU Innovation Fund. The final amount will be confirmed once the approved projects sign a grant agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA).
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Originally published on 7 May
Read MoreEIB lends €100 million to Finnish company Orion Pharma for new cancer and pain treatments
The European Investment Bank (EIB) is lending €100 million to Finnish pharmaceutical company Orion Pharma to develop new treatments for cancer, pain and other serious conditions with few treatment options.
The financing will support Orion Pharma’s research and development activities across its European centres, covering personnel costs, clinical trials, patenting and investments in specialised laboratory equipment. By reinforcing Orion Pharma’s long-term R&D capacity, the EIB is helping strengthen Europe’s competitiveness in advanced biopharmaceutical innovation.
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Originally published on 15 Apr
Read MoreLatvia to receive EIB guidance on unlocking stronger tech innovation
Latvia on accelerating the development of high-growth business sectors. Through this new cooperation with the Ministry of Economics and the Investment and Development Agency of Latvia (LIAA), the EIB will help the country create the conditions for more competitive and scalable companies.
EIB experts will assess how Latvian businesses, research institutions and emerging technologies are supported and identify where policies and financing can be strengthened. The work, due to take place until the end of this year, will also explore opportunities for deeper Latvian alignment with neighbouring Estonia and Lithuania to foster strategic Baltic-wide initiatives.
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Originally published on 7 Apr
Read MoreSitra makes recommendations for the EU Circular Economy Act
Dependence on imported raw materials has made Europe vulnerable, exposed to supply chain disruptions and geopolitical uncertainty. Smart regulation is needed to create a level playing field for circular materials, products and business models, and to encourage innovation and reduce environmental pressures.
The European Union is currently formulating the Circular Economy Act (CEA) as a decisive step towards a competitive and more sustainable Europe. This presents a critical opportunity to move Europe’s circular economy from ambition to delivery.
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Originally published on 31 Mar
Read MoreEU Cyber Resilience Act: market access at stake – an Estonian IT specialist shows manufacturers the way forward
From December 2027, the EU Cyber Resilience Act (CRA) will be fully applicable, forcing manufacturers of connected products to guarantee cybersecurity throughout the entire lifecycle or lose access to the EU market. For German SMEs, this means urgent upgrades to existing products without halting production. Estonian software engineering company Proekspert specialises in exactly this task—bringing legacy products up to CRA standards without redesigning hardware.
“For many manufacturers, the Cyber Resilience Act is not a future problem. It is already embedded in products currently on the market. Industrial drives and configuration tools are a good example: almost every product with digital elements is now a potential point of attack. Security can no longer be treated as an add-on,” says Marco Spielmann, CEO of Proekspert.
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Originally published on 31 Mar
Read MoreBaltic microenterprises to get €15 million financing boost under EIF-backed initiative by alternative lender Capitalia
The smallest companies in the Baltics will be eligible for up to €15 million in loans as a result of an initiative that alternative financing provider Capitalia is undertaking with support from the European Investment Fund (EIF). Capitalia will use an EIF guarantee to offer crowdfunded loans to microenterprises in Estonia, Latvia and Lithuania over three years.
Microenterprises, which have fewer than ten employees and annual turnover or total assets below €2 million, often struggle to secure funding from traditional lenders because of limited collateral or credit history.
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Originally published on 30 Mar
Read MoreSweden: EIB loan to help Stockholm cut wastewater pollution and protect the Baltic Sea
The European Investment Bank (EIB) is lending the City of Stockholm 5 billion Swedish kronor (around €470 million euro) to finance the city’s largest environmental investment in decades. The project involves closing the Bromma treatment plant and routing all the city’s wastewater to a significantly expanded and modernised treatment plant at Henriksdal.
The key element of the investment is a new wastewater collection tunnel that will transport sewage from Bromma to Henriksdal. The plant there will be expanded using advanced membrane technology, making it possible to treat more water without increasing the floor area and with significantly better results.
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Originally published on 26 Mar
Read MoreEuropean Commission representatives visit Latvia for European Semester consultations
From 20 to 22 January, European Commission consultations with public administration authorities and representatives of the non-governmental sector took place in Riga within the framework of the European Semester process.
The objective of these consultations is to enable colleagues from various Directorates-General to gain a better understanding of current developments in Latvia and to identify issues and topics that could be included in the European Commission’s 2026 Country Report and the country-specific recommendations for Latvia, which the Commission plans to publish in June and which will also be relevant in the context of further EU funds programming. During this visit, more than 20 European Commission representatives were in Latvia, the majority of whom were from the Reform and Investment Task Force (SG.REFORM) and the Directorate-General for Economic and Financial Affairs (ECFIN), which is responsible for the implementation of the Recovery and Resilience Facility in Latvia.
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Originally published on 23 Jan
Read MoreCybersafety in numbers Nordic-Baltic cyber consortium
Seven countries in the Nordic-Baltic region have agreed to pool their resources to stave off cyberattacks. Funded by the EU, hosted by Denmark, and with the participation of Estonia, Finland, Iceland, Latvia, Lithuania and Norway, the Nordic-Baltic Cyber Consortium will serve as a means for national cyber-security agencies in the seven countries to share information and to work together to develop new ways to counter cyberthreats.
The threat of cyberattack is not unique to the Baltic region, but the countries taking part in the consortium are among the most digitalised in the world, and thus particularly at risk. One strategy to protect themselves would be to take their foot off the pedal and move some services offline again, but that would mean losing many of the efficiency gains digitialisation has created, especially in the public sector. Doing so would also spoil plans to roll out artificial intelligence. By doubling down on digitalisation, they have decided that what makes them vulnerable is also what can make them stronger.
Read MoreNokia 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.
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Originally published on 16 Dec
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