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Estonian companies and apartment associations have been promised preferential loans worth 440 million euros

Эстонским фирмам и квартирным товариществам обещаны льготные кредиты на 440 млн евро

On Thursday, the European Investment Fund and three banks operating in Estonia signed an agreement, according to which it will be possible to offer more favorable loans to companies and apartment associations. True, intended only for a few things. Renovation of the building. Illustrative photo. Renovation of the building. Illustrative photo. Photo: Tairo Lutter

On Thursday, the European Investment Fund and three banks operating in Estonia signed an agreement, according to which it will be possible to offer more favorable loans to companies and apartment associations. True, intended only for a few things.

Translation: Pavel Sobolev

The European Investment Fund has announced that it will guarantee loans to Estonian citizens and companies for hundreds of millions of euros, for a total of approximately 440 million euros. The three banks could issue loan guarantees worth €720 million for the entire Baltic region. First of all, apartment associations can apply for loans on favorable terms for renovation work, and small and medium-sized enterprises can apply for development and innovation. Since most companies in the Baltics are small companies, almost all companies are eligible to participate.

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