News & Analysis

NEFCO to boost Belarusian electric transport market

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The Nordic Environmental Finance Corporation (NEFCO) has announced that it will provide the Belarusian People’s Bank (BNB Leasing) with a loan of up to one million euros to support the financing of the Belarusian electric transport market, Belarusian state news agency Belta has reported.

In accordance with NEFCO’s proposal, the loan to BNB Leasing will be allocated with the aim of financing investments in electric vehicles.

NEFCO is an international financial institution set up by Denmark, Iceland, Finland, Norway and Sweden. The organisation provides financing exclusively for climate and environment-related projects, focusing on supporting small and medium-sized enterprises.