A renewed Host Country Agreement between the Government of Finland and the Nordic Investment Bank (NIB) was signed on 20 October 2010. The agreement was thereafter ratified by the Parliament of Finland and entered into force on 16 January 2011.
International organisations, such as the Nordic Investment Bank, established by sovereign states, do not automatically fall under any national legislation, not even that of the country where the organisation is seated and has its headquarters. Accordingly, international organisations enter into separate agreements with their host countries in order to regulate a number of matters concerning the organisation’s and its staff members’ presence in the host country.
The Host Country Agreement between Finland and NIB is a constituent document of the Bank, regulating the relations between Finland and NIB, including certain immunities and privileges, on a more practical level. The agreement also includes provisions on, among other issues, the staff’s pension and social security coverage.
Finnish Fortum has inaugurated the first waste-to-energy combined heat and power plant in the Baltic countries.
15 May 2013
NIB has issued its fourth increase, AUD 100 million, to its 10-year Kangaroo issue due 19 April 2022.
15 May 2013
A loan agreement has been signed with the Swedish company Vimmerby Energi & Miljö AB to finance a new bio-fuelled combined heat and power plant.
8 May 2013