Marine industries in the Arctic to get €100 million EIB support via Arion Bank
Luxembourg, Feb. 10 -- The marine industry in Iceland, as well as in Greenland and the Faroe Islands - autonomous territories within the Kingdom of Denmark, will be eligible for financing to strengthen environmental sustainability under a €100 million loan that Icelandic lender Arion Bank is receiving from the European Investment Bank (EIB). Arion Bank will use the EIB credit to provide long-term loans to small and medium-sized companies engaged in marine activities such as sustainable fishing, seafood processing and fish and algae farming.Ocean-related businesses are a cornerstone of the Icelandic economy and have a significant presence across the Arctic region. At the same time, these sectors face increasing pressure to invest in ne...
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