Nopef has approved financing for 43 new projects in 2017 for a total value of approx. EUR 1.3 million. The funded companies are expected to raise total investments of EUR 86 million once they establish a local presence in the project countries.
NEFCO and the Republic of Moldova have today signed a framework agreement that acknowledges NEFCO’s status as an international financial institution in Moldova.
The new agreement on NEFCO’s mandate that was signed by all five Nordic countries on 14 December 2016 enters into force today. At the same time, the Corporation’s amended statutes are officially adopted.
The Arctic Council Project Support Instrument (PSI) has approved two major projects aimed at reducing the release of short-lived climate pollutants from the oil and gas, and fisheries sectors.
NEFCO and the Russian LLC Novgorod Timber Company Sodruzhestvo have signed a loan agreement aimed at modernising wood processing production in Nebolichi in the Novgorod region in Russia. Sodruzhestvo will replace an existing sawing line with a new one that will increase production, improve the efficiency of wood processing and boost the company’s revenues.
The new Nordic-Russian programme for implementing environment and climate projects in North-West Russia has launched its first call for proposals.