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The European Investment Fund in the Baltic Sea Region

The EIF strives to enhance access to finance for small and medium-sized companies (SMEs) in the Baltic Sea Region through means of equity, guarantees and microfinance. It works with financial intermediaries – e.g. equity funds, commercial banks, microfinance institutions – which make the finance ...

http://www.eif.org/news_centre/publications/baltic_flyer.htm?lang=-en

en - 23/05/2013 - 9k

EIF supported INVL Baltic Sea Growth Fund holds first closing at EUR 106 million

EIF supported INVL Asset Management, one of Lithuania’s leading asset management companies, completed a first closing of the INVL Baltic Sea Growth Fund, a closed-end private equity fund at EUR 106 million. The INVL Baltic Sea Growth Fund became the largest private equity investment fund in the B...

http://www.eif.org/what_we_do/equity/news/2019/eif-invl-baltic-sea-growth-fund-lithuania.htm?lang=-en

en - 08/02/2019 - 18k

Baltic Innovation Fund 1 (BIF 1)

The Baltic Innovation Fund is a Fund -of-Funds initiative of EUR 130m launched by the EIF in close co-operation with the Baltic national promotional institutions – KredEx (Estonia) , Altum (Latvia) and Invega (Lithuania) to boost equity investments made into Baltic SMEs with high growth potential...

http://www.eif.org/what_we_do/resources/BIF/index.htm?lang=-en

en - 17/05/2025 - 13k

The Knotty Ones: where Baltic old meets Baltic new

“Our mission is to preserve and promote this craft, and at the same time create career opportunities for knitters” PRESERVING HERITAGE CRAFTMANSHIP THROUGH MODERN DESIGN “Knitting is in our blood. When we were at university, we felt that we have this amazing craft in Lithuania, yet we can’t seem ...

http://www.eif.org/what_we_do/guarantees/case-studies/efsi-easi-the-knotty-ones.htm?lang=-en

en - 31/07/2024 - 14k

Baltic Innovation Fund 2 (BIF 2)

Baltic Innovation Fund 2 (BIF 2) is a EUR 156m Fund -of-Funds initiative launched by the EIF in co-operation with the Baltic national promotional institutions – KredEx (Estonia), Altum (Latvia) and Invega (Lithuania). It is building on the success of its predecessor programme, BIF 1. BIF 2 contin...

http://www.eif.org/what_we_do/resources/BIF2/index.htm?lang=-en

en - 17/05/2025 - 15k

The Knotty Ones: reviving baltic craftsmanship with a modern twist

Lithuanian knitwear brand The Knotty Ones blends traditional Baltic craftsmanship with contemporary, sustainable fashion. By employing over 40 artisans - many from rural areas - the company creates premium knitwear while preserving heritage techniques and providing flexible work opportunities. Wi...

http://www.eif.org/news_centre/audiovisual_library/efsi-easi-the-knotty-ones.htm?lang=-en

en - 23/01/2025 - 10k

Baltic businesses to get €100 million financing boost as EIF backs new Merito Partners fund

EIF commits €15 million to new corporate-financing fund of Latvian investment company Merito Partners EIF's pledge comes from the Baltic Innovation Fund II, making it the first institutional investor in the ‘Merito Baltic Opportunities I AIF’ fund Goal is to support growth of small and medium...

http://www.eif.org/InvestEU/news/2024/baltic-businesses-to-get-100-million-financing-boost-as-eif-backs-new-merito-partners-fund.htm?lang=-en

en - 02/12/2024 - 14k

Baltic companies to get €138 million credit boost under EIF accord with Latvia-based Citadele Bank

Favourable financing of up to €138 million planned for companies in Estonia, Latvia and Lithuania EIF guarantees to enable Citadele Bank to provide loans to range of Baltic businesses Part of InvestEU programme, deal to increase jobs, competitiveness and investments across the region Riga...

http://www.eif.org/InvestEU/news/2025/baltic-companies-to-get-eur138-million-credit-boost-under-eif-accord-with-latvia-based-citadele-bank.htm?lang=-en

en - 02/06/2025 - 15k

Baltic businesses to get financing boost with €20 million EIF pledge to SG Capital fund

EIF commits €20 million to fund managed by Latvia-based SG Capital. Managed by a first-time team, the fund is expected to finance mainly SMEs and small mid-caps in the Baltics. EIF is anchor investor in this fund which, aims to raise €100 million in total commitments. This operation is su...

http://www.eif.org/InvestEU/news/2025/baltic-businesses-to-get-financing-boost-with-eur20-million-eif-pledge-to-sg-capital-fund.htm?lang=-en

en - 13/01/2025 - 15k

EIF teams up with three leading Baltic banks to provide more than €720 million in new financing in the region

EIF guarantees for LHV, SEB and Swedbank to support businesses, people and housing associations in Estonia, Latvia and Lithuania. More than 50% of financing for sustainable investments. Agreements pave way for improved loan terms, including lower interest rates, and are supported by InvestEU....

http://www.eif.org/InvestEU/news/2024/eif-teams-up-with-three-leading-baltic-banks-to-provide-more-than-eur-720-million-in-new-financing-in-the-region.htm?lang=-en

en - 04/07/2024 - 18k

How EFSI benefits SMEs in Europe - KfW Bankengruppe case study: Küstenoptik (Germany), Optical store

Jürgen “Jimmy” Imholt was still a child when his father took him for the first time to the north coast of Germany to explore the Baltic Sea – an experience that stayed with him over the years. Jürgen and his family visited every summer and after graduation from technical college, he moved there a...

http://www.eif.org/what_we_do/guarantees/case-studies/efsi_cosme_kuestenoptik_germany.htm?lang=-en

en - 07/03/2017 - 12k

Vyra: holidays at sea, made simple

Childhood friends Sofia and Christina are on a mission to provide travellers with their dream holidays at sea, free of complications and unnecessary difficulties. “We’re both sailors at heart with a strong passion for the sea. But we know that finding the right boat for your vacation is always a ...

http://www.eif.org/what_we_do/resources/case-studies/vyra-jeremie-greece.htm?lang=-en

en - 24/04/2018 - 12k

AS Citadele banka and EIB Group announce a deal to support at least €460 million in new lending for Baltic businesses

AS Citadele banka and the EIB Group have signed an agreement that will help expand lending to local businesses in the Baltic States. At least 20% will go to Climate Action projects, helping to reduce overall greenhouse gas emissions. AS Citadele banka will also receive advisory support under ...

http://www.eif.org/what_we_do/guarantees/news/2022/as-citadele-banka-and-eib-group-announce-deal-to-support-at-least-eur460-million-in-new-lending-for-baltic-businesses.htm?lang=-en

en - 01/12/2022 - 15k

First RSI guarantee agreement in Denmark for innovative businesses

The European Investment Fund (EIF) and Nordea Bank Denmark have signed a guarantee agreement to support lending to innovative small and medium-sized enterprises (SMEs) as well as Small Mid-caps under an initiative funded by the European Commission . The new agreement signed under the Risk Sharing...

http://www.eif.org/what_we_do/guarantees/RSI/news/2014/nordea.htm?lang=-en

en - 26/02/2014 - 16k

Partnership Agreement Signed Between European Investment Fund and the Black Sea Trade & Development Bank

The European Investment Fund (EIF) and the Black Sea Trade & Development Bank (BSTDB) have signed a Memorandum of Understanding (MOU) to increase their collaboration in the region, particularly in Greece. This partnership will allow the institutions to work together with financial instruments...

http://www.eif.org/what_we_do/news/2016/eif_bstdb_mou.htm?lang=-en

en - 02/06/2016 - 12k

The Baltic Innovation Fund 2 is signed, envisioning over EUR 300m to finance Baltic SMEs

The continuation of the Baltic Innovation Fund initiative has been ensured through the signature of the ‘Baltic Innovation Fund 2 agreement’, agreed by the European Investment Fund (EIF) and the three Baltic States. Over the next five years, the Baltic Innovation Fund 2 (EUR 156m) will invest in ...

http://www.eif.org/what_we_do/equity/news/2019/baltic-innovation-fund-2.htm?lang=-en

en - 06/08/2019 - 15k

EU and Luminor support Baltic SMEs and Mid-Caps

The EIB and EIF have issued a guarantee to Luminor Bank AS for new lending to SMEs and Mid-Caps in the Baltic States. This synthetic securitisation transaction with Luminor is part of the EIB Group’s COVID-19 response announced in March to help companies through the current crisis. Part of th...

http://www.eif.org/what_we_do/guarantees/news/2020/eu-luminor-support-baltic-smes-midcaps.htm?lang=-en

en - 17/12/2020 - 15k

EIF set to invest EUR 10 million in the Baltic States

EIF has recently committed EUR 10 million to be invested in two regional funds focused on innovative SMEs in Estonia, Latvia and Lithuania. The signing of these two funds represents the EIF's first ever venture capital investments in the Baltic States . The Baltic Investment Fund III L.P. has bee...

http://www.eif.org/what_we_do/equity/news/1999-2004/2001-13-eif-set-to-invest-eur-10-million-in-the-baltic-states.htm?lang=-en

en - 15/10/2001 - 11k

EUR 100 million Baltic Innovation Fund is launched to benefit SMEs

A new and innovative investment initiative dedicated to boosting equity investments made into Baltic enterprises has today been launched by the European Investment Fund (EIF) and Lithuania, Latvia and Estonia. The Baltic Innovation Fund will invest EUR 100 million into private equity and venture ...

http://www.eif.org/what_we_do/equity/news/2012/baltic_innovation_fund.htm?lang=-en

en - 26/09/2012 - 16k

Baltic Innovation Fund will make additional funding available for SMEs

The innovative fund-of-funds investment initiative - the Baltic Innovation Fund (BIF), dedicated to boosting equity investments made into Baltic enterprises, launched by Lithuania, Latvia and Estonia and the European Investment Fund (EIF), has today been increased. The EUR 30 million increase of ...

http://www.eif.org/what_we_do/equity/news/2015/bif_increase.htm?lang=-en

en - 22/07/2015 - 18k

EIF selects BPM Capital as first Fund Manager for the Baltic Innovation Fund

EIF has completed the selection process of the first Fund Manager to receive a capital commitment from the Baltic Innovation Fund . A decision taken by the EIF earlier in February confirmed the intention to make a capital commitment of EUR 30 million to BPM Capital, subject to satisfactory negoti...

http://www.eif.org/what_we_do/equity/news/2013/bpm.htm?lang=-en

en - 13/02/2013 - 13k

EUR 123 million in EU support for 5000 small businesses in the Baltic countries

The European Investment Fund (EIF) and Swedbank have signed a microfinance agreement aimed at supporting micro-businesses in Estonia, Latvia and Lithuania under the EU Programme for Employment and Social Innovation (EaSI). Thanks to the financial backing of the European Commission, the European I...

http://www.eif.org/what_we_do/guarantees/news/2018/efsi-easi-swedbank.htm?lang=-en

en - 06/03/2018 - 16k

EIF awards the first Annual Achievement Award for the Baltic Private Equity & Venture Capital Industry to Swedbank Investment Management

The European Investment Fund (EIF) has decided to award the first Annual Achievement Award for the Baltic Private Equity & Venture Capital Industry to the Swedbank Investment Management. Earlier this year, EIF requested the three Baltic VC associations and the three national development finan...

http://www.eif.org/what_we_do/equity/news/2014/swedbank.htm?lang=-en

en - 10/11/2014 - 15k

EIF selects BaltCap Private Equity Fund II as second Baltic Innovation Fund investment

Download this press release in the local language (PDF): Estonian | Latvian | Lithuanian The European Investment Fund (EIF) has selected the next Fund Manager to receive a capital commitment from the Baltic Innovation Fund. This EUR 20 million commitment to the BaltCap Private Equity Fund II i...

http://www.eif.org/what_we_do/resources/jeremie/news/2013/baltcap.htm?lang=-en

en - 06/06/2013 - 15k

Investment Plan for Europe: EIF and Swedbank agreements bring EUR 165 million to around 3,000 Baltic businesses

The European Investment Fund (EIF) and Swedbank have signed the first COSME multi-country agreements benefiting from the support of the European Fund for Strategic Investments (EFSI), a key pillar of the Investment Plan for Europe which aims to revive investment in strategic projects around Europ...

http://www.eif.org/what_we_do/guarantees/news/2016/efsi_cosme_swedbank.htm?lang=-en

en - 02/06/2016 - 16k

Investment Plan for Europe: EIF and Capitalia sign a EUR 10 million agreement to support small businesses in the Baltic countries

The European Investment Fund (EIF) and Capitalia have signed a guarantee agreement to support small businesses in Latvia, Lithuania and Estonia, with a total of EUR 10 million. The agreement is supported by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for E...

http://www.eif.org/what_we_do/guarantees/news/2019/efsi-easi-capitalia.htm?lang=-en

en - 25/02/2019 - 16k

EIF and Latvia sign the first Funding Agreement in the Baltic States under the European Commission's JEREMIE initiative

The Chief Executive of the European Investment Fund (EIF), Richard Pelly, and the Minister of Economics of Latvia, Kaspars Gerhards, have today signed the first Funding Agreement for a JEREMIE Holding Fund (HF) in the Baltic States under the JEREMIE initiative. The Minister for Special Assignment...

http://www.eif.org/what_we_do/resources/jeremie/news/2008_news/2008_jeremie_latvia_fundingagmt.htm?lang=-en

en - 16/07/2008 - 16k

EIF and Noviti Finance support better access to finance for Baltic micro-enterprises with EUR 10 million deal under EaSI programme.

Noviti Finance signs guarantee agreement with European Investment Fund (EIF) under the European Union’s EaSI programme. The EIF will guarantee a portfolio of up to EUR 10 million in loans by Noviti Finance, who will primarily support micro enterprises with loans of up to EUR 25,000. The agree...

http://www.eif.org/what_we_do/guarantees/news/2020/eif-noviti-finance-better-access-finance-for-baltic-micro-enterprise.htm?lang=-en

en - 20/02/2020 - 15k

Lithuanian businesses get credit help with Faktoro-EIF agreement

Guarantee agreement to enable as much as €55 million in financing for micro, small and medium-sized businesses as well as social enterprises. Faktoro is first financial intermediary in Baltics to receive EIF funding targeting social businesses. EIF commitment backed by InvestEU programme. F...

http://www.eif.org/what_we_do/guarantees/news/2024/lithuanian-businesses-get-credit-help-with-faktoro-eif-agreement.htm?lang=-en

en - 26/06/2024 - 15k

Delian Alliance Industries: autonomous surveillance 24/7

“At the start it was just me and a slide deck,” smiles Dimitrios Kottas, founder and CEO of Delian Alliance Industries. Delian produces dual-use technologies – goods, software, and technology that have both civilian and military applications. Delian, specifically, builds software and hardware to ...

http://www.eif.org/what_we_do/equity/Case_studies/delian-alliance-industries-greece.htm?lang=-en

en - 20/02/2025 - 13k

JEREMIE Open Fund II (Greece)

Picture a beautiful Greek island, the waves crashing against the cliff, the sun gently warming your back, as you sit reading a book on a golden sandy Mediterranean beach. You look out to the sea and dream of going out into the water by boat to explore the local coastline. Incrediblue is a website...

http://www.eif.org/what_we_do/equity/Case_studies/openfund_incrediblue_greece.htm?lang=-en

en - 15/04/2014 - 10k

EIF announces €40 million investment in Keen Venture Partners’ European defence and security Tech fund under InvestEU

EIF commitment is backed by the InvestEU programme, which aims to trigger more than €372 billion overall in investment supporting EU policy priorities, until 2027 This investment is the EIF’s first investment in a dedicated European defence fund The Fund targets early-stage companies across t...

http://www.eif.org/InvestEU/news/2025/eif-announces-eur40-million-investment-in-keen-venture-partners-european-defence-and-security-tech-fund-under-investeu.htm?lang=-en

en - 22/05/2025 - 17k

Baltcap is establishing a new fund with target size of EUR 50m to invest in small and medium enterprises

BaltCap has secured commitments to establish a new regional fund to provide growth capital across the Baltic region for small and medium-sized (SME) companies. The new fund would target both local and pan-Baltic companies who want to create new products and services, accelerate organic growth or ...

http://www.eif.org/what_we_do/equity/news/2017/eif-and-baltcap-launch-new-fund.htm?lang=-en

en - 04/05/2017 - 14k

InvestEU: EIF and Sound Asset Management launch new senior private credit fund to support small businesses in the Baltics

The EIF has signed a €25 million commitment as a cornerstone investor in Sound Senior Private Debt Fund 1. The fund will offer customised financing solutions to small businesses and small mid-caps in the Baltics. The EIF commitment is backed by InvestEU, an EU programme designed to mobilise a...

http://www.eif.org/InvestEU/news/2024/investeu-eif-and-sound-asset-management-launch-new-senior-private-credit-fund-to-support-small-businesses-in-the-baltics.htm?lang=-en

en - 20/03/2024 - 15k

Erasmus+ Master’s Loan: Filip Hájek

“I was very interested in archaeology and decided to pursue my studies in this field. The main focus of my degree was prehistory and historical regions like the Levant, Mesopotamia, Syria and Anatolia...” Driven by his passion for archaeology, travelling and languages, Filip Hájek graduated in ‘P...

http://www.eif.org/what_we_do/guarantees/case-studies/erasmusplus-university-cyprus.htm?lang=-en

en - 09/12/2020 - 13k

Millennium BCP (Portugal)

António used to work as a waiter in a restaurant in the small touristic town of Armação de Pêra on the Algarve coast. As the restaurant faced difficulties from time to time, Antonio worked there without a work contract. Chances of improving his working conditions in the near future were slim. So ...

http://www.eif.org/what_we_do/microfinance/progress/Case_studies/millenium_portugal.htm?lang=-en

en - 10/12/2013 - 11k

First agreement under InvestEU Capacity Building Investment Product signed in Romania

The European Investment Fund (EIF) has signed a € 5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital positi...

http://www.eif.org/InvestEU/news/2023/first-agreement-under-invest-eu-capacity-building-investment-product-signed-romania.htm?lang=-en

en - 28/04/2023 - 13k

MFB Hungarian Development Bank joins EIF-led fund for central and eastern European businesses

Hungarian national promotional institution MFB pledges €20 million to EIF-led fund for central and eastern European businesses MFB becomes third contributor to Three Seas Initiative Innovation Fund seeking to mobilise €1 billion for investments in private equity, venture capital and private cre...

http://www.eif.org/what_we_do/equity/news/2024/mfb-hungarian-development-bank-joins-eif-led-fund-for-central-and-eastern-european-businesses.htm?lang=-en

en - 19/11/2024 - 14k

Country and sector-specific initiatives (Funds-of Funds and Guarantee Debt funds)

EIF’s expertise in partnering with national institutions is firmly established and forms a central part of its strategic development and regional business focus. EIF is advising, sponsoring or managing a number of equity Funds-of-Funds and guarantee / debt funds on behalf of third party investors...

http://www.eif.org/what_we_do/resources/funds_of_funds/index.htm?lang=-en

en - 17/05/2025 - 16k

InvestEU: EIF and Lithuania’s SME Finance to deliver €40 million in new financing for businesses in the Baltics and beyond

The EIF is providing a guarantee to SME Finance to support innovation and green transition investment by small and medium-sized enterprises, small mid-caps and micro businesses based in the Baltics, Finland and other EU countries. This agreement was made possible with the support of the InvestE...

http://www.eif.org/what_we_do/guarantees/news/2023/investeu-eif-and-lithuanias-sme-finance-to-deliver-40-million-in-new-financing-for-businesses-in-the-baltics-and-beyond.htm?lang=-en

en - 23/08/2023 - 15k

Croatian development bank HBOR joins EIF-led fund for central and eastern European businesses

Croatian Bank for Reconstruction and Development (HBOR) pledges €20 million to EIF-led fund for central and eastern European businesses HBOR is the fourth contributor to Three Seas Initiative Innovation Fund seeking to mobilise €1 billion for investments in private equity, venture capital and p...

http://www.eif.org/what_we_do/equity/news/2025/croatian-development-bank-hbor-joins-eif-led-fund-for-central-and-eastern-european-businesses.htm?lang=-en

en - 10/02/2025 - 16k

How GAGF benefits SMEs in Europe – Mavi Fruits, Turkey

Thanks to EIF (part of EIB Group), thousands of SMEs across Europe are able to start-up and expand their businesses. Tahir Çelik, who founded Mavi Fruits Blueberry Organic Farming, is one of them. He is an entrepreneur who puts a lot of efforts into growing blueberries within the local economy in...

http://www.eif.org/news_centre/audiovisual_library/sme-video5.htm?lang=-en

en - 29/10/2015 - 11k

PORTUGAL BLUE launch Growth Blue I, the first blue economy focused private equity fund in Southern Europe

Growth Blue will be funded with €28 million from both national public resources through Fundo Azul, and European resources through the InvestEU Blue Economy instrument The new fund will support the growth and internationalization of leading and sustainable Portuguese companies operating in the ...

http://www.eif.org/what_we_do/resources/news/2023/portugal-blue-commits-to-growth-blue-i.htm?lang=-en

en - 17/03/2023 - 21k

PORTUGAL BLUE approves investment in Faber Blue Pioneers I, the first “deep tech” fund for blue economy and climate action in Iberia

PORTUGAL BLUE is a partnership focused on supporting new blue economy companies through investments in venture capital and private equity funds The first selected fund, Faber Blue Pioneers Fund, invests in early-stage startups developing innovative deep tech solutions for positive impact on oce...

http://www.eif.org/what_we_do/equity/news/2021/portugal-blue-approves-investment-in-faber-blue-pioneers.htm?lang=-en

en - 21/10/2021 - 19k

Investment Plan for Europe: EUR 18 million for innovative companies in Latvia, Lithuania and Estonia

The European Investment Fund (EIF) and UniCredit Leasing have signed an InnovFin SME guarantee agreement to enhance access to finance to innovative small and medium-sized enterprises (SMEs) in Latvia, Lithuania and Estonia. This transaction benefits from the support of the European Fund for Strat...

http://www.eif.org/what_we_do/guarantees/news/2017/efsi_innovfin_unicredit_baltics.htm?lang=-en

en - 25/01/2017 - 17k

EUR 40m EIF commitment in Accent Equity 2003

On 1 July 2004, EIF signed a commitment to invest up to EUR 40 million in Accent Equity 2003, a mid-market fund targeting expansion stage and buy-out type investments in companies with proven and scalable business models. The geographic focus of the fund is on the Nordic region with a main emphas...

http://www.eif.org/what_we_do/equity/news/eur-40m-eif-commitment-in-accent-equity-2003.htm?lang=-en

en - 30/07/2004 - 9k

Central and Eastern Europe’s growth-stage companies get boost as Polish and Czech promotional institutions become first contributors to EIF-led Three Seas Initiative Innovation Fund

National promotional institutions BGK of Poland and NRI of the Czech Republic pledge €20 million each to EIF-led fund for central and eastern European businesses seeking to mobilise some €1 billion of new funding EIF to match BGK and NRI contributions to the Three Seas Initiative Innovation Fun...

http://www.eif.org/what_we_do/equity/news/2024/central-and-eastern-europes-growth-stage-companies-get-boost-as-polish-and-czech-promotional-institutions-become-first-contributors-to-eif-led-three-seas-initiative-innovation-fund.htm?lang=-en

en - 30/09/2024 - 18k

European Investment Fund, backed by InvestEU, supports housing for up to 3,500 students in Central-Eastern Europe

Poland, Czech Republic, Slovakia and Baltic States to gain student accommodations after EIF throws its weight behind fund run by 1 Asset Management. EIF commitment of €50 million paves way for new housing for up to 3,500 students. Pledge, supported by InvestEU programme, marks first EIF-backe...

http://www.eif.org/InvestEU/news/2024/european-investment-fund-backed-by-investeu-supports-new-housing-for-up-to-3500-students-in-central-eastern-europe.htm?lang=-en

en - 11/10/2024 - 18k

Ecoalf: value in waste

Did you know that you could make flip-flops from tyres, backpacks from plastic bottles and down jackets from discarded fishing nets? Or that you could make clothes more UV-resistant and fast-drying with coffee waste? Since 2010, Ecoalf, a fashion brand based in Madrid founded by Javier Goyeneche,...

http://www.eif.org/what_we_do/guarantees/case-studies/easi-ecoalf-spain.htm?lang=-en

en - 27/03/2019 - 13k

EIF and KredEx launch EUR 60m EstFund

New Fund of Funds initiative will enable greater access to equity financing for high growth Estonian SMEs The European Investment Fund (EIF), KredEx and the Estonian Ministry of Economic Affairs and Communications (MoE) have today signed a Funding Agreement to establish EstFund , a EUR 60 milli...

http://www.eif.org/what_we_do/equity/news/2016/eif-and-kredex-launch-eur-60m-estfund.htm?lang=-en

en - 01/03/2016 - 17k

Pekao (Poland)

Urszula, Andrzej and Łukasz Kusion started running the PTTK Murowaniec U A Kusion Hostel in 1991. Apart from the breathtaking views and the stunning setting in the Tatra National Park at 1,500 metres above sea level, the hostel also offers board and lodging to thousands of guests each week. Touri...

http://www.eif.org/what_we_do/guarantees/case-studies/pekao_poland.htm?lang=-en

en - 22/08/2013 - 11k

How EFSI benefits SMEs in Europe - BGK case study: Captain Tadeusz Prokop (Poland), Tourism

Back in the 1990s, with Poland’s political situation very much in flux, Tadeusz Prokop did not seek greener pastures. Instead, he maintained his belief in the possibility of becoming self-employed in his own country. Having always been attracted by the sea and involved in activities like kayaking...

http://www.eif.org/what_we_do/guarantees/case-studies/efsi_cosme_zegluga_srodladowa_tadeusz_prokop_poland.htm?lang=-en

en - 07/03/2017 - 12k

PORTUGAL BLUE: a new initiative for blue economy investments

The EIF and the Portuguese national promotional institution, Banco Português de Fomento (“BPF”; formerly known as “Instituição Financeira de Desenvolvimento (IFD)”), launched PORTUGAL BLUE, a €50 million equity partnership to support Portuguese companies active in the area of blue economy . Th...

http://www.eif.org/what_we_do/resources/portugal-blue/index.htm?lang=-en

en - 27/10/2020 - 11k

BaltCap signs an agreement with European Investment Fund to create EUR 20 million risk capital fund for Lithuanian SMEs

BaltCap has successfully attracted private fundraising for the first ever risk capital fund to invest into Lithuanian SMEs. This forms part of the EIF managed JEREMIE Holding Fund initiative in Lithuania. This risk capital fund is a key part of the Holding Fund’s activity and will result in EUR...

http://www.eif.org/what_we_do/resources/jeremie/news/2010_news/2010_baltcap.htm?lang=-en

en - 26/04/2010 - 17k

EIF intensifies its commitment to innovation in the Nordic region

Under the Competitiveness and Innovation Framework Programme" (CIP) , EIF has invested in two Nordic venture capital funds which target the high-tech, ICT and software sectors. NorthCap IVS III, which is managed by a fully independent team, particularly focuses on technology companies in Denmark ...

http://www.eif.org/what_we_do/equity/news/2011/2011_Northcap.htm?lang=-en

en - 19/05/2011 - 11k

EIF selects the first financial intermediaries for Lithuania JEREMIE Holding Fund

The EIF has in principle chosen UAB BaltCap Management to manage a new risk capital fund dedicated to investing into Lithuanian SMEs. This Risk Capital fund will have a target size of €20 million and will provide start-up and expansion financing for micro, small and medium size companies with gro...

http://www.eif.org/what_we_do/resources/jeremie/news/2009_news/2009_EIF_selects_first_FIs_for_Jeremie_Lithuania.htm?lang=-en

en - 23/07/2009 - 16k

InvestEU: EIF and Noviti Finance sign agreement to make available up to €47 million for micro-businesses in Lithuania, Latvia and Poland

The European Investment Fund (EIF) and Noviti Finance, Lithuania's alternative non-bank business financier, have signed a portfolio guarantee agreement under which almost €47 million will be lent on preferential terms to micro-businesses in Lithuania, Latvia, and Poland. The EIF guarantee benefit...

http://www.eif.org/InvestEU/news/2023/investeu-eif-and-noviti-finance-sign-agreement-to-make-available-up-to-eur-47-million-for-micro-businesses-in-lithuania-latvia-and-poland.htm?lang=-en

en - 13/04/2023 - 15k

InvestEU: EIF backs €37.5 million in Noviti Finance loans for micro-businesses in Lithuania, Latvia and Poland

The European Investment Fund (EIF) and Noviti Finance, Lithuania's alternative non-bank business financier, have signed a portfolio guarantee agreement under which €37.5 million will be lent on preferential terms to micro-businesses in Lithuania, Latvia, and Poland. The EIF guarantee benefiting t...

http://www.eif.org/InvestEU/news/2023/investeu-eif-backs-eur-37-5-million-in-noviti-finance-loans-for-micro-businesses-in-lithuania-latvia-and-poland.htm?lang=-en

en - 12/04/2023 - 15k

PORTUGAL BLUE is set to mobilise €75 million in the blue economy ecosystem

The EIB Group and the Portuguese Government, via IFD, have launched a new investment partnership targeting blue economy start-ups, SMEs and mid-caps. PORTUGAL BLUE will select up to two Portuguese funds focused on the blue economy with climate impact and sustainable development objectives. Th...

http://www.eif.org/what_we_do/equity/news/2020/portugal-blue-75-million-in-the-blue-economy-system.htm?lang=-en

en - 29/10/2020 - 16k

C-Feed: Producing feed for baby fish

Copepods, small crustaceans normally found in the sea and freshwater habitats, are destined to become a new Norwegian industrial product. In laboratory conditions near Trondheim, copepods are also reproduced for commercial purposes by C-Feed, a spin-off from Scandinavia’s largest independent rese...

http://www.eif.org/what_we_do/guarantees/case-studies/cip_creed_norway.htm?lang=-en

en - 20/10/2017 - 12k

Froxa: high quality below zero

Froxá is born in Cantabria (Spain) in 1983, thanks to the entrepreneurial spirit and the commercial vision of its founder, Abel Fernández. Abel set up a modest family business specialised in the distribution of fish, seafood, and frozen meals. Abel’s know-how soon made Froxá a leading distributor...

http://www.eif.org/what_we_do/guarantees/case-studies/sme-initiative-spain-froxa.htm?lang=-en

en - 11/07/2019 - 12k

The European Commission and European Investment Bank Group join forces to protect the oceans and boost investment in the sustainable blue economy

Identification of projects to avoid and reduce pollution of oceans and seas, with particular focus on circular economy approaches Joint solutions for equity and guarantee funding for blue innovation and blue bioeconomy The European Commission and the European Investment Bank Group, composed o...

http://www.eif.org/what_we_do/guarantees/news/2021/european-commission-eib-group-join-forces-to-protect-oceans-boost-investment-sustainable-blue-economy.htm?lang=-en

en - 17/05/2021 - 20k

EIF selects the first financial intermediary for Latvia Holding Fund

The EIF has selected BaltCap Management Latvia to manage a new venture capital fund dedicated to investing in SMEs in Latvia. The fund will provide start-up and expansion financing for micro, small and medium size companies with growth potential located in Latvia taking equity stakes between EUR ...

http://www.eif.org/what_we_do/resources/jeremie/news/2009_news/2009_First_FIs_selectd_for_Jeremie_Latvia.htm?lang=-en

en - 23/07/2009 - 15k

99Math: maths, gaming and sports rolled into one

“If you have to go to school for 6 hours a day, why should you not enjoy it?” asks Timo Timmi, the 20-year old co-founder of 99Math, an Estonian e-learning maths platform built on the principle of something far more entertaining: gaming. “As a student, maths is traditionally a very boring subjec...

http://www.eif.org/what_we_do/equity/Case_studies/bif-99-math.htm?lang=-en

en - 26/10/2020 - 13k

monthly-report-approval-of-transactions-ce-delegation-20211231.pdf

Choose an item. | 0 11 January 2022 Delegation of powers to the Chief Executive Monthly report on the approval of new transactions as at 31 December 2021 Public | 1 Transaction name and summary Resources Approval date 1. DSK Bank AD (Bulgaria) – increas...

http://www.eif.org/attachments/monthly-report-approval-of-transactions-ce-delegation-20211231.pdf

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Moliwood Films: Story of my Wife

“Creativity is about giving shape to dreams and making them accessible to a wider audience. The cinema allows us to popularise this creativity, to turn it into a collective experience, unlike watching a movie alone at home. You laugh when others laugh for example. You share moments and feelings,”...

http://www.eif.org/what_we_do/guarantees/case-studies/ccs-moliwood-films-italy.htm?lang=-en

en - 31/01/2020 - 13k

Francis Carpenter, new Chief Executive of the EIF

On a proposal from the EIB's Management Committee, the Board of Directors of the European Investment Fund (EIF) has appointed Mr Francis Carpenter as Chief Executive of the EIF. As the EIB Group's subsidiary specialising in equity investments and guarantees in favour of SMEs, the EIF has an innov...

http://www.eif.org/who_we_are/news/2002-16-francis-carpenter,-new-chief-executive-of-the-eif.htm?lang=-en

en - 23/07/2002 - 12k

monthly-report-approval-of-transactions-ce-delegation-20230228.pdf

Choose an item. | 0 1 March 2023 Delegation of powers to the Chief Executive Monthly report on the approval of new transactions as at 28 February 2023 Public | 1 Transaction name and summary Resources Approval date 1. 42CAP IV GmbH & Co. KG Venture...

http://www.eif.org/attachments/monthly-report-approval-of-transactions-ce-delegation-20230228.pdf

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Estonian and Lithuanian micro-enterprises to receive European support with Finora Capital

2 million EIF loan to Finora Capital to increase micro-lending in Estonia and Lithuania, supported by the EU’s programme for Employment and Social Innovation (EaSI). Under the agreement, Finora expects to serve more than 100 micro-enterprises in the two Baltic States with new, long-term lending...

http://www.eif.org/what_we_do/equity/news/2021/finora-capital-estonian-lithuanian-micro-enterprises-receive-european-support.htm?lang=-en

en - 06/04/2021 - 14k

EIF signs first agreement for micro-entrepreneurs in the Baltics under Progress Microfinance

The European Investment Fund (EIF) and UniCredit Leasing SIA (UCL) have signed the first loan agreement in the Baltics under Progress Microfinance with funding from the European Union. The Progress Microfinance EUR 18m loan agreement will allow UCL to provide enhanced access to finance to over 1,...

http://www.eif.org/what_we_do/guarantees/news/2016/unicredit_progress_microfinance.htm?lang=-en

en - 29/01/2016 - 16k

Investment Plan for Europe: EIF and Pohjola Bank sign EUR 150m InnovFin agreement for innovative companies in Finland, Estonia, Latvia and Lithuania

The European Investment Fund (EIF) and Pohjola Bank (as part of the OP Financial Group), have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Finland, Estonia, Latvia and Lithuania. This transaction benefits from the s...

http://www.eif.org/what_we_do/guarantees/news/2016/efsi_innovfin_pohjola.htm?lang=-en

en - 30/03/2016 - 16k

LitCapital signs agreement with EIF finalizing the creation of a new Risk Capital Fund for Lithuania under the JEREMIE initiative

Lithuanian Version LitCapital has successfully attracted private capital to create a Risk Capital Fund of up to EUR 20 million to invest into Lithuanian SMEs. This is the third and final equity instrument to be implemented by the EIF through the JEREMIE Holding Fund initiative in Lithuania. Thi...

http://www.eif.org/what_we_do/resources/jeremie/news/2010_news/2010_LitCapital_Press_Release.htm?lang=-en

en - 31/05/2010 - 16k

EIF and Nordea Bank Lithuania sign guarantee agreement to finance up to EUR 50 m for Lithuanian SMEs

The EIF has signed a guarantee agreement with Nordea Bank, allowing the bank to provide up to EUR 50 million of new loans to Lithuanian small and medium-sized enterprises. The agreement signed by the EIF and Nordea Bank brings a new instrument, the First Loss Portfolio Guarantee (“FLPG”) to the...

http://www.eif.org/what_we_do/resources/jeremie/news/2011_news/2011_Nordea_JEREMIE_Lithuania.htm?lang=-en

en - 25/02/2011 - 16k

Qoorio: social learning network

“There are so many people in the world, yet we tend to interact mostly with our immediate network. That’s usually up to 100 people. This network defines us. It has a huge impact on us as human beings. So we asked ourselves: Can we use technology to allow people to overcome this boundary of the im...

http://www.eif.org/what_we_do/equity/Case_studies/qoorio-lithuania.htm?lang=-en

en - 22/12/2020 - 12k

Aerones: using robotics to help the environment

“We stuck to the problem, not to the solution” says Dainis Kruze, co-founder of the Latvian company Aerones; a robotic wind turbine inspection, maintenance & repair solution that enables a two to three man team to execute a range of services in hours that would otherwise take days. The concep...

http://www.eif.org/what_we_do/equity/Case_studies/efsi-innovfin-aerones-latvia.htm?lang=-en

en - 10/02/2021 - 14k

Sonarworks: personalised sound

“We built everything from the ground up. Most of this stuff has never been done by anyone else, and nobody else is trying to do it either,” says Helmuts Bems, co-founder of Sonarworks, a Latvian audio tech company on a mission to bridge the gap between sound creators and listeners. “Essentially w...

http://www.eif.org/what_we_do/equity/Case_studies/bif-sonarworks.htm?lang=-en

en - 13/04/2021 - 12k

How EFSI benefits SMEs in Europe - Swedbank case study: Sargasas (Lithuania), Manufacturing

Laser technology is a growing field, with applications ranging from science to medicine, surveillance cameras, aviation and aerospace and many other industries. Sargasas is a manufacturing business based in Vilnus, Lithuania, that produces metallic parts for lasers used mainly in the opto-mechani...

http://www.eif.org/what_we_do/guarantees/case-studies/efsi-cosme-sargasas-lithuania.htm?lang=-en

en - 06/11/2018 - 13k

EstFund

This new EUR 60 million Fund-of-Funds initiative was launched by EIF in March 2016 in close co-operation with KredEx and the Estonian Ministry of Economic Affairs and Communications to stimulate equity investments into innovative and high growth-focussed enterprises in Estonia. EstFund is the f...

http://www.eif.org/what_we_do/resources/estfund/index.htm?lang=-en

en - 29/06/2016 - 14k

monthly-report-approval-of-transactions-ce-delegation-20240731.pdf

Public 1 August 2024 Monthly report on the approval of new transactions as at 31 July 2024 Delegation of powers to the Chief Executive 2 Public Transaction name and summary Resources Approval date Caisse Fédérale de Crédit Mutuel (France) Capped direct guarantee to enhanc...

http://www.eif.org/attachments/monthly-report-approval-of-transactions-ce-delegation-20240731.pdf

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