Kristiina Randmaa
- European Investment Bank
- Communication Department
- 98-100, Boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
The European Investment Bank (EIB) is extending a €435 million credit to forestry company Stora Enso so it can produce greener packaging for foods and personal care products. The loan is for a major upgrade of Stora Enso’s manufacturing site in Oulu, where the company already invested €1 billion euro in reusable, fiber-based, and recyclable packaging production for consumer goods.
With the economic outlook in Finland uncertain and Finnish companies postponing investments, Finnvera Plc and the European Investment Bank (EIB) are mobilising projects that promote employment, growth and clean transition of medium-sized companies.
The European Investment Bank (EIB) and Swappie, Europe’s largest iPhone refurbisher, have signed a loan agreement to back the high quality refurbishment of iPhones, extending the lifespan of the devices and enabling consumers to reduce their carbon footprint in support of a circular economy.