Banks, Estonia, EU – Baltic States, Good for Business, Innovations, Investments, Loan, Markets and Companies, Technology

Finance Minister Sven Sester is about to attend the signing of the agreement on the loan guaranteed by the European Fund for Strategic Investments (EFSI) between EIB and Skeleton Technologies at Swissotel in Tallinn, it appears from the list of upcoming events of the Ministry of Finance.

Neither Skeleton Technologies nor the ministry would comment on subject on Friday.

EIB invested 440 mln euros in Estonia last year. Its latest contract signed with a borrower in Estonia was on a 30 mln euro loan for works on the airside of Tallinn Airport.

Skeleton Technologies Group had a consolidated revenue of 432,000 euros in 2015, seven times higher than the year before, whereas its operating loss soared 2.8-fold to 2.1 mln euros.

Skeleton Technologies group has three subsidiaries: Skeleton Technologies OU in Estonia, Skeleton Technologies OY in Finland and Skeleton Technologies GmbH in Germany.

Margus Linnamae, owner of BNS, is invested in Skeleton Technologies Group.