The Ministry of Natural Resources and Environment of the Russian Federation and NEFCO have signed a Memorandum of Understanding to improve the ecological situation at the Krasnyi Bor landfill area in the region of St Petersburg.
NEFCO has signed a Subscription Agreement with AS BaltCap for an equity investment in a new infrastructure fund for the Baltic states. NEFCO will invest EUR 3 million in the fund.
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.