NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania, Moldova and Belarus, in order to generate positive environmental effects of interest to the Nordic region.
The Nordic Prime Ministers met in May to discuss amongst other things future priorities for Nordic cooperation. I presented the Prime Ministers with a status report on their own green growth initiative, which is one of the main tasks for the Nordic Council of Ministers in the coming years. And the task is urgent.
This year's edition of the largest political event in Sweden, Almedalsveckan, will take place in Gotland 30 June to 7 July.
Russia is hosting a conference on sustainable growth through long term investments in Moscow 17-18 July. The event is arranged in connection to the G20 Summit.
The 22nd Baltic Sea Parliamentary Conference will convene in Pärnu, Estonia 25-27 August.
The Arctic Contaminants Action Programme (ACAP) will convene in Reykjavik, Iceland 9-12 September. Special Adviser Husamuddin Ahmadzai from NEFCO will attend the meeting.
A EUSBSR conference on innovative uses of Baltic marine resources will convene in Gdansk, Poland 5-6 September.
NEFCO’s Board of Directors decided, at a meeting on Thursday in Helsinki, to increase the Corporation's financial support for cleaner production activities in Russia, Ukraine and Belarus by raising the maximum loan amount per project from EUR 350,000 to EUR 500,000.
NEFCO's Board of Directors has decided to initiate negotiations on signing framework agreements with Georgia and Armenia aimed at starting business operations in the two countries concerned.