NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania, Moldova 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

A number of actors in Ukrainian Lviv are currently investing in a range of projects promoting energy efficiency. Bank Lviv and the City of Lviv are leading the way.

upcoming events


The Swedish Chamber of Commerce for Russia and CIS is arranging a seminar on project financing in connection to the Chamber's annual meeting in Stockholm 24 April.


This year's rendezvous will take place in Riga, Latvia 23-25 April.


This year's carbon expo in Cologne, Germany will be arranged 28-30 May. The expo brings all of the policy and market players together under one roof. NEFCO will have a stand at the event.


The Baltic Development Forum's Annual Summit will take place in Turku, Finland 3-4 June.


NEFCO's Board of Directors will convene in Reykjavik 12 June.


Technical equipment in a modernised boiler house. Photo: Patrik RastenbergerTechnical equipment in a modernised boiler house. Photo: Patrik Rastenberger

11.4.2014 |

The Nordic Cleantech Open presents the ten most promising cleantech start-ups in the Nordics. The companies are considered to be the best and most innovative within Nordic cleantech today. The companies have been selected through a thorough selection process, in which NEFCO has taken part.

NCF-funded solar powered irrigation in Benin. Photo: Maija SaijonmaaNCF-funded solar powered irrigation in Benin. Photo: Maija Saijonmaa

4.4.2014 |

The Nordic Climate Facility (NCF) team has reviewed the 94 pre-qualification applications received for the fourth call for proposals and 26 applicants have been shortlisted.

Frosty fields in Ukraine. Photo: Patrik RastenbergerFrosty fields in Ukraine. Photo: Patrik Rastenberger

27.3.2014 |

NEFCO and the Ukrainian LLC ‘SGT Spivdruzhnist’ have signed a loan agreement to modernise the facilities at the latter's farm to make energy savings and to implement energy efficient solutions. NEFCO will provide EUR 450,000 from the Facility for Cleaner Production for the project.