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INVEGA has announced a list of new or improved measures aimed at distributing state support to business. This package of measures will help companies address the liquidity and financial challenges posed by COVID-19. More than EUR 1.1 billion will be distributed through these measures. “Vacation” from business loans: Improved measure The improved measure will be […]
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We advised the state-owned Ignitis Group on a loan from the European Investment Bank (EIB) to Pomerania Wind Farm, a Polish company belonging to the group. The PLN 258 million (about EUR 60 million) loan will be used for developing a 94 MW wind farm. The EIB loan will cover around 47 % of project […]
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Deals & Cases / Kiryl Apanasevich, Ann Laevskaya, Artem Melnikovich
Sorainen advised the European Investment Bank (EIB) on its two lending transactions with the largest Belarusian banks totalling up to EUR 105 million. The EIB is a non-profit lending institution of the European Union established in 1958 under the Treaty of Rome and the world’s largest multilateral lender supporting sustainable investment projects that contribute to EU […]
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Belarus begins the new year hoping to quickly resolve current uncertainty in relations with Russia. Problems began a year ago when the President and the Government of Belarus raised the issue of compensation for losses to the Belarusian budget due to a Russian tax manoeuvre as well as the issue of elimination of barriers in […]
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Deals & Cases / Kiryl Apanasevich, Ann Laevskaya, Artem Melnikovich, Artem Semchik
We advised the European Bank for Reconstruction and Development (EBRD) on provision of a more than EUR 200 million financing package to Belarusian subsidiaries of the Kronospan group. EUR 40 million out of this package will be syndicated to commercial banks. Kronospan group is the market leader in the wood-based panel sector. It manufactures wood-based […]
