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.

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Jaakko Henttonen comes across as being down to earth when we meet him in the café Viola in Kaisaniemi Botanic Garden in Helsinki, the Finnish capital. He has made a stopover in Helsinki on his way back to work after the holidays.

upcoming events


An annual seminar on the ecologial state of the Baltic Sea will be arranged 2 October in Stockholm by the Swedish Environmental Research Institute. Senior Manager Karl-Johan Lehtinen from NEFCO will deliver a presentation at the event.


A Norwegian investment forum hosted by VentureLab, Oslo Tech, Innovasjon Norge and NVCA will take place in Oslo 14 October.


The Danish company Øst-Info is hosting a conference on the potential for Danish exports to Ukraine and Russia. The event will take place in Århus 22 October.


This biggest event for the Nordic cleantech industry will take place in Lahti, Finland 27-28 October.


Business Sweden and the Consulate General of Sweden are hosting a Symbiocity event in St Petersburg 20 November.


A Baltic business forum will convene in Tallinn, Estonia 26-27 November. This year's forum will focus on the cleantech sector.


NEFCO's Board of Directors will convene in Helsinki 11 December.


Blocks of flats in Zhytomyr, Ukraine. Photo: Patrik RastenbergerBlocks of flats in Zhytomyr, Ukraine. Photo: Patrik Rastenberger

25.9.2014 |

NEFCO and the city of Zhytomyr have today signed a loan agreement worth EUR 3 million aimed at implementing energy efficiency measures in 19 municipally-owned buildings, such as schools, day care centres and departments belonging to the Central City Hospital.

The city of Archangel in Northwest Russia. Photo: Patrik RastenbergerThe city of Archangel in Northwest Russia. Photo: Patrik Rastenberger

24.9.2014 |

The Arctic Council Project Support Instrument (PSI) has received its first tranche of EUR 5 million from the Russian Federation for the implementation of the Arctic Council’s priority projects to prevent pollution of the Arctic.

District heating pipelines in Ukraine. Photo: Patrik RastenbergerDistrict heating pipelines in Ukraine. Photo: Patrik Rastenberger

22.9.2014 |

The Ukrainian city of Kamyanets-Podilsky has signed a new loan agreement with NEFCO to finance energy efficiency investments aimed at upgrading the city’s district heating system.