Global Trade Alert
Global Trade Alert

Lithuania: EIB provides financing to Teltonika IoT Group

Announcement

19 May 2022

In May 2022, the EIB provided financing worth EUR 50 million (USD 53 million) to Teltonika IoT Group.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 May 2022

Revocation date:

No revocation date

Updated: 19 May 2022
State loan In force
The EIB's EUR 50 million (approx. USD 53 million) loan to Teltonika IoT Group was backed by a guarantee from the European Fund for Strategic Investments (EFSI). The EFSI is a joint initiative by the E...
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Updated: 19 May 2022
State loan In force
On 19 May 2022, the European Investment Bank (EIB) and Teltonika IoT Group signed a loan agreement worth EUR 50 million (approx. USD 53 million) for the project 'Teltonika IoT Group Investment Program...
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