A new loan to Nord-Trønderlag Elektrisitetsverk will finance three hydropower projects in mid-Norway.
The funds under a new loan programme will be onlent for SME investments as well as for environmental projects in eastern Norway.
On 10 October, the city of Saint Petersburg, Russia, opened its upgraded Northern Wastewater Treatment Plant as part of a large investment programme aimed at improving the environmental status of the Baltic Sea.
In the first eight months of the year, NIB experienced good demand for long-term financing from the municipal sector in the Bank’s member countries. NIB publishes the Interim Management Statement for Jan-Aug 2017.
A loan to the North Estonia Medical Centre Foundation will finance the expansion of the Mustamäe medical campus in Tallinn.
On 2 October, NIB President participated in a seminar on economic transition, where he spoke about the role of transparency and trust for maintaining competitiveness and sustaining economic growth.
A loan to the City of Stockholm will finance the capacity expansion of Stockholm’s main wastewater treatment facility.
A long-term loan to the city of Porvoo in southern Finland is earmarked for the construction and renovation of school and preschool buildings in the municipality, an improvement that will affect more than 4,100 children.
On 2 October, NIB President Henrik Normann will participate in a seminar on economic transition, held in Helsinki, together with Suma Chakrabarti, EBRD President, and Olli Rehn, Member of the Board of the Bank of Finland.
Funds under a new loan programme will be used for onlending to small and medium-sized enterprises’ investments and environmental projects.