Tapio Jordan, M.Sc. (Econ.), B.Sc. (Agriculture and Forestry), has been appointed the Head of Finnvera’s Credit Decision Unit and a member of Finnvera’s Management Group.He will start in the position on 15 April 2019. The Credit Decision Unit takes ca… Read more

Finnvera’s export credit guarantees and financing are often decisive factors in enabling Finnish enterprises to win export contracts. This is revealed by a study on the largest export companies in Finland and a group of SMEs involved in exports. The l… Read more

SMEs are too stuck in old operating models in their export activities. The main problems are the use of certain payment methods, poor awareness of receivables protection, long fund repatriation periods and even naivety. For instance, credit insurance … Read more

The news right now is characterised by uncertainty in world politics and the world economy, which poses challenges for enterprises involved in exports. On the other hand, enterprises see a lot of potential for growth in internationalisation and export… Read more

The minimum Finnvera Guarantee amount will rise to EUR 10,000 and the minimum Finnvera Loan amount to EUR 30,000 starting from 1 September 2018.In line with its strategy, Finnvera is shifting the focus of financing granted increasingly to guarantees. … Read more

Finnish SMEs involved in export trade are very likely to fail to close deals as they are not sufficiently familiar with the financing options offered to the buyer. They are not aware of the significance of buyer financing as a competitive advantage. D… Read more

A hundred years ago, the world was recovering from the First World War. The first credit insurers and export credit agencies that provided export risk insurance were founded to boost the post-crisis world trade. Export was needed to back up economic g… Read more

Topi Vesteri, Deputy CEO, Group CCO at is to be honoured with the TXF Industry Fellowship Award in recognition for his exceptional service to the international export finance sector. The award is granted by international trade and export finance news,… Read more

Midaxo, the Finnish developer of the award-winning cloud M&A platform, announces a €12.9m funding round comprising of €10.3m for the company and €2.6m for the existing shareholders – led by major growth investor Idinvest Partners, with the partici… Read more

Use of insurances against political risks and export credit risks is a growing trend which is good news for all the parties of global cross-border trade. Members of an international association of export credit and investment insurers, the Berne Union… Read more

Finnvera’s annual report has been published online. The annual report describes the essential business operations, corporate responsibility and financial information in 2017, among other things.The theme of the annual report is impact.Finnvera’s corpo… Read more

Total of EFSI financing approved for Finland reaching EUR 1.4 billionFinnish businesses have been keen to make use of the available EU funding. Of all European countries, Finland is the No. 1 beneficiary of the European Fund for Strategic Investments … Read more

In October, Finnvera participated in the financing of two cruise ships ordered by Royal Caribbean Cruises Ltd. by providing the shipping company with buyer credit financing and an export credit guarantee, amounting to more than EUR 2.5 billion. This b… Read more

The arrangement of financing plays an increasingly important role in export trade negotiations, and this trend has gained strength in recent years. Finnvera facilitated Nokia’s telecommunications equipment deliveries to Verizon, one of the leading tel… Read more

Finnvera is one of the ECA partners of an international export finance conference in the autumn. Annual Global Export Finance Conference (GEF) takes place in Barcelona, Spain 12th–14th September 2017.As the only conference dedicated solely to the expo… Read more

Finnvera’s new Receivables Purchase Guarantee speeds up the financing of small export transactionsHalf of Finnish SMEs engaged in exports believe that the value of their exports will rise this year. Equally many companies will also increase their inve… Read more

Russians now believe in cautious economic growth, says Team Leader Anu-Leena Koskelainen.Finnish companies’ increasing interest in Russian markets is reflected as more frequent inquiries at Finnvera’s Representative Office in St. Petersburg. The Russi… Read more

Export credit and investment insurers are optimistic about growth, despite increasing trade risks and political uncertainty. Berne Union members’ business closely tracks developments in the world economy, but at the same time shows considerably less v… Read more

Finnvera and Export Guarantee Fund of Iran (EGFI) signed a memorandum of understanding (MOU) that strengthens cooperation between Finland and Iran to promote trade.Finnvera and EGFI can cooperate in trade promotion also in third coutries.–This agreeme… Read more

The Ministry of Economic Affairs and Employment (MEE) has assigned an assessment of the operation, impact and risks of the officially supported export financing system and state guarantee granted for the fund acquisition of export credits. The assessm… Read more

 Finnvera and the European Investment Bank (EIB) have signed a Memorandum of Understanding on cooperation with the European Investment Advisory Hub (EIAH).The cooperation covers such issues as the exchange of information and the sharing of good operat… Read more

As in previous years, we have published our annual report online.Each year we also report on corporate responsibility. Our corporate responsibility report is included in the annual report. Finnvera has compiled the reports in accordance with the G4 Gu… Read more

The Board of Directors of Finnvera adopted a Code of Conduct for Finnvera on 15 December.Code of Conduct is an internationally established term that is used when describing the business principles – both ethical and legal – that companies themselves h… Read more

Team Finland is again a main partner of Slush, one of the world’s leading events for growth companies. The technology and growth company event will be held from 30 November to 1 December 2016 at the Messukeskus Expo and Convention Centre in Helsinki, … Read more

Companies should pay attention to economic sanctions and currency shortages in some export destinations.In recent years, Finnish enterprises have been active in finding new export destinations where they need various financing arrangements.Finnvera ha… Read more

As a result of Argentina’s favourable prospects, the country’s risk classification has been upgraded to category 6/7. After an absence of 15 years, Argentina has returned to the international financial market. The new Government appointed late last ye… Read more

Topi Vesteri, Deputy CEO of Finnvera, was re-elected President of the Berne Union – the International Union of Credit and Investment Insurers.The selection was made at the Annual General Meeting of the Berne Union in Lisbon. Chief Operations Officer M… Read more

After a long decline, investments by enterprises seeking growth on international markets seem to have picked up in the first half of the year. The information is based on applications for financing that Finnvera has processed during the first six mont… Read more

Contacts helped a health technology company to find a retailer. Outotec, in turn, has been doing business in Iran for over 40 years.Networks and contacts may be important in Finland, but in Iran they can be the lifeline of success.NewIcon, a Kuopio-ba… Read more

During its first year, Finnvera’s Start Guarantee attracted applications for 1,600 financing projects. An entrepreneur considers the guarantee convenient for start-ups.Both banks and entrepreneurs have found Finnvera’s Start Guarantee, which has been … Read more

At the beginning of April, Finnvera’s selection of financing services was supplemented with a new loan product, the Growth Loan.Kalle Åström, Program Manager at Finnvera’s SME Unit, for what types of projects is the Growth Loan designed?– The Growth L… Read more

Finnish exports to Russia fell by one-third, but inquiries about Finnvera’s guarantees come in steadily.Lower oil prices, the weak rouble and the sanctions imposed in consequence of the Ukrainian crisis have cramped Finnish companies’ exports to Russi… Read more

On 6 April 2016, Finnvera plc issued a ten-year, fixed-rate bond of EUR 1.0 billion.This is Finnvera’s first euro-denominated bond with a maturity of ten years.The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) Programme.Finnvera’s EMTN… Read more

A bilateral agreement pertaining to the State Guarantee Fund’s arrears of EUR 37.8 million from Cuba was signed in Havana on 17 March 2016. The arrears stem from export credit guarantees granted 30 years ago.The agreement was signed by Under-Secretary… Read more

According to Pauli Heikkilä, CEO of Finnvera, Finland has a well-functioning financial market. Writing in Finnvera’s Annual Report of 2015, he states that Finnvera’s role is emphasised especially at the start of enterprise activities and in various si… Read more

As in previous years, we have published our annual report online.Each year we also report on corporate responsibility. Our corporate responsibility report is included in the annual report. Combining the reports is a natural step since Finnvera’s opera… Read more

OECD Participants to the Arrangement on Officially Supported Export Credits have agreed new rules on coal-fired power plants, including restrictions on export credits for the least efficient coal-fired power plants.The new agreement will remove suppor… Read more

Finnvera monitors 140 political risk countries and classifies them into country risk categories 0–7, with category 0 as the lowest country risk rating. Country risk categories are reviewed by region once a year in cooperation with the other OECD membe… Read more

OECD Participants to the Arrangement on Officially Supported Export Credits have agreed new rules on official support for coal-fired power plants, including restrictions on official export credits for the least efficient coal-fired power plants.“After… Read more

KPA Unicon, a company based in Pieksämäki, Finland, opened an export window to South Africa and will deliver a boiler plant worth about ten million euros. Financial arrangements were very important for the success of the export Project.KPA Unicon spec… Read more

Finnvera plc issued on 15th September 2015 a EUR 1.0 billion seven year fixed rate bond. The bond is Finnvera’s largest transaction so far and it was issued under Finnvera’s EMTN (Euro Medium Term Note) programme.Finnvera’s EMTN programme and notes is… Read more

The Team Finland network is developing its domestic services. The aim is to simplify companies' access to the network's services and to improve the smoothness of service. Prime Minister Juha Sipilä has today appointed a new Steering Group for the netw… Read more

Finnvera plc will participate in the financing of two cruise vessels, Mein Schiff 7 and 8, ordered by TUI Cruises GmbH and to be built at the Turku shipyard of Meyer Turku Ltd. Finnvera will provide guarantees for the pre-delivery financing granted to… Read more

The Financial Supervisory Authority, which is responsible for the supervision of the financial and insurance sector, imposed an administrative fine of EUR 12,000 on Finnvera plc on 22 May 2015. According to the decision, Finnvera neglected to comply w… Read more

Finnvera issued on 28th May 2015 a USD 500 million ten year fixed rate bond. The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme.Finnvera’s EMTN programme and notes issued under it are guaranteed by the State. Finnvera uses the… Read more

It is now possible for Finnvera to guarantee the refinancing of export credits granted by banks to buyers. The arrangement promotes the acquisition of funds for financing exports. The change in Export Guarantee Act will enter into force on 1 May 2015.… Read more

Russia’s economic situation creates uncertainty for Finnish enterprises’ exports to Russia. Demand for Finnvera’s export credit guarantees for business in Russia increased in early 2015.Russian banks and enterprises do not currently have the same acce… Read more

As in previous years, we are publishing our annual report online.We also report on our corporate responsibility each year, including the corporate responsibility report as part of the annual report. Combining the two reports is only natural, as Finnve… Read more

Meyer Turku Ltd and Tallink have announced that they have signed a shipbuilding contract for a passenger ferry with a purchase price of about EUR 230 million.Finnvera guarantees 95 per cent of Tallink’s post-delivery buyer credit for which Finnvera’s … Read more

Arctic Drilling Company is looking for new markets in Chile. To accelerate its internationalisation process, the company has participated to the Team Finland LetsGrow financing programme.Founded in 2004, Arctic Drilling Company (ADC) provides drilling… Read more

Based on its own risk assessments, Finnvera may continue to provide short-term export credit guarantees for exports to Greece until 30 June 2015. The special status of Greece among the EU Member States is based on the decision of the EU Commission to … Read more

Information on Finnvera’s operations in 2014The year 2014 started on a more positive note than the past years, but political crises blurred the outlook again. The cautious and anticipatory atmosphere caused by the general economic situation was reflec… Read more

The nationwide Kasvu Open 2015 business competition has started. It provides companies with free support and coaching for promoting growth and renewal.Kasvu Open ('Growth Open') is an effective growth-coaching process, in which each participating comp… Read more

Finland and Argentina signed a Bilateral Agreement on repayment of Argentina’s USD 8,7 mill. arrears to State Guarantee Fund of Finland. According to the Agreement Argentina will repay the debt in five years the last payment falling due in May 2019.Ar… Read more

The company Rapal seeks strong international growth in several markets. The growth is accelerated through Team Finland LetsGrow finansing programme.Established in the early 1990s, Rapal specialises in consulting services and software for developing wo… Read more