NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances green growth investments and projects primarily in Russia, Ukraine and Belarus as well as climate projects across the world. NEFCO's main focus is to generate positive environmental effects of interest to the Nordic region.

Topic issue

The nauseating stench of rotting food scraps is unmistakable – and the gulls have come to the same conclusion as they swoop around us in large flocks in search of easily-caught food. “One man's meat is another man's poison” as the saying goes. We are at the landfill
site outside Vitebsk in north east Belarus. Project Manager Jesper Nyqvist from the  Swedish company Vireo Energy is showing us round to demonstrate how they produce electricity from rubbish.

upcoming events

03.09.2015

The Finnish-Russian Chamber of Commerce is 3 September hosting a seminar on the Russian economy and Finnish-Russian trade relations. The seminar is conducted in Finnish and will take place in Helsinki.

04.09.2015

A conference focusing on the future of bioenergy, biobased modern technologies and related business solutions will convene in Jyväskylä, Finland 2-4 September.

09.09.2015

A seminar on improving the state of coastal waters in the Baltic Sea will take place in Tallinn, Estonia 8-9 September. NEFCO will participate in the event.

10.09.2015

A global cleantech summit focusing on environmental concerns, green growth and clean technology will take place in Helsinki 8-10 September.

17.09.2015

HELCOM's and OSPAR's joint task group on ballast water management will convene in Gdansk 16-17 September.

23.09.2015

NEFCO's Board of Directors will convene in Minsk, Belarus 22-23 September. NEFCO-financed projects will be visited in conjunction with the meeting.

24.09.2015

The Northern Dimension Environmental Partnership's steering group will have its next meeting in Minsk 24 September.

News

Halychyna Zahid invests in energy efficiency at it's pig farm in Kavske, Ukraine. Photo: Patrik RastenbergerHalychyna Zahid invests in energy efficiency at it's pig farm in Kavske, Ukraine. Photo: Patrik Rastenberger

28.8.2015 |

NEFCO and the agricultural company Halychyna Zahid LLC have signed a loan agreement aimed at improving the current system for handling pig slurry generated at the company’s farm in Kavske, Ukraine.

Algal blooms. The abundance of cyanobacteria has been radically reduced at lake Barnarpasjön. Photo: Matti SnellmanAlgal blooms. The abundance of cyanobacteria has been radically reduced at lake Barnarpasjön. Photo: Matti Snellman

24.8.2015 |

A pilot project aimed at restoring lake Barnarpasjön in the vicinity of Jönköping, Sweden has almost doubled the oxygen levels and reduced eutrophication after the project was initiated two years ago. The project focuses on thin layer dredging and the removal of eutrophicated organic matter from the bottom sediments.

Burning of agricultural residues in Russia affects the Arctic. Photo: ColourboxBurning of agricultural residues in Russia affects the Arctic. Photo: Colourbox

21.8.2015 |

Burning of agricultural residues and wild fires in Russia constitutes the largest source of black carbon emissions (soot) that speeds up climate change and the melting of the Arctic. This is the main finding of a report published by NEFCO and the International Cryosphere Climate Initiative (ICCI).