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Luminor Covid-19 Enhanced Support for SMEs
Details
Location:Estonia, Latvia, Lithuania
Category:Unspecified/other
Status:Approval
Sectors:Private Sector & Trade, Financial Services & Audit
Contracting authority: Luminor Bank AS
Description
Reference: 20200012
Release date: 11 January 2021
Promoter – Financial Intermediary LUMINOR BANK AS
Location Estonia Latvia Lithuania
Description The project is part of the EIB's immediate COVID-19 response and aims at deleveraging Luminor's c
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tender Background
About the Funding Agency
The European Investment Bank (EIB) is the lending arm of the European Union. The EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
The EIB works closely with other EU institutions to foster European integration, promote the development of the EU and support EU policies in over 160 countries around the world.
Through EIB Global, set up in 2022 to increase the impact of our development finance, the EIB helps address global challenges and creates growth and opportunity on all continents.
About the Sectors
Private Sector & Trade
Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.
Key areas:
- Private sector development and SME/MSME support
- Entrepreneurship, start-ups, and business growth initiatives
- Trade facilitation, import/export, and market access
- Commerce, retail/wholesale, and free trade mechanisms
Financial Services & Audit
Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.
Key areas:
- Financial services, banking, and insurance
- Accounting, auditing, and financial reporting
- Investment, capital markets, and financial inclusion
Locations
Estonia
Estonia prioritizes digital infrastructure, rail connectivity, and energy security to support economic competitiveness and regional integration. Projects such as Rail Baltica enhance transport links with neighboring Baltic and European markets. Financing relies on national budgets, EU funds, and private sector investment. Cybersecurity, renewable energy expansion, and regional connectivity remain central infrastructure priorities.
Nr. of tenders: 8227
Nr. of grants: 15816
Nr. of donors: 537
Nr. of jobs: 27
Nr. of tenders: 8227
Nr. of grants: 15816
Nr. of donors: 537
Nr. of jobs: 27
Latvia
Latvia prioritizes rail connectivity, port development, energy security, and digital infrastructure to enhance Baltic regional integration. Projects such as Rail Baltica strengthen links with neighboring EU markets. Financing relies on national budgets, EU cohesion funds, and private participation. Energy independence, cybersecurity, and demographic trends shape long-term infrastructure planning.
Nr. of tenders: 8804
Nr. of grants: 15741
Nr. of donors: 616
Nr. of jobs: 26
Nr. of tenders: 8804
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