Export credits from NEFCO for environmentally-friendly projects
Nordic Environment Finance Corporation (NEFCO) will begin offering export credits for small-scale projects with environmental benefits in Russia, the Ukraine and Belarus. The export credits are intended for Nordic companies export deliveries valued at EUR 0.5-5 million. Nordic export credit agencies are involved in the financing model to share the risks by granting export credit guarantees.
For a Finnish exporter, the buyer credit arrangement means that their foreign client can receive an export credit from NEFCO to finance the purchase of Finnish goods. The exporter will get the contract price on cash terms, whereas Finnvera's export credit guarantee enables NEFCO to grant the export credit. To be eligible for financing, the foreign client needs to be creditworthy.
Finnvera and NEFCO provide additional information on financing and its preconditions. The exporters are encouraged to contact Finnvera and NEFCO early on in a project.
Finnvera plc, Export financing
Eeva-Maija Pietikäinen, Head of Trade Finance, tel. +358 (0)29 460 2674
Otto Lindstedt, Senior Adviser, tel. +358 (0)29 460 2706
NEFCO:
Maria Maliniemi, Investment Manager, tel. +358 (0)50 539 4428
Kari Homanen, Vice President, tel. +358 (0)50 311 1047
The Nordic Environment Finance Corporation (NEFCO) is an international financial institution. It was founded in 1990 by the governments of the five Nordic countries and its headquarters are located in Helsinki. The goal of NEFCO is to participate in the realisation of cost-effective environmental projects in Eastern Europe, primarily in regions neighbouring the Nordic countries. Priority is given to projects that cut greenhouse gas emissions, improve the ecological state of the Baltic Sea or mitigate the release of toxic pollutants. NEFCO has financed a wide range of environmental projects in Eastern European countries, such as Russia, Belarus and the Ukraine.
