The loan supports investments in the modernisation and upgrade of a bioproduct mill, including the replacement of a recovery boiler.
For the third consecutive week, mortgage rates have moved lower, supported by data suggesting a decrease in inflationary pressures.
Economists have cautioned against viewing rising retail sales as a turning point, emphasizing the need for sustained income growth and an improving housing market to boost long-term consumption.
A year ago at this time, the 30-year FRM stood at an average of 7.08%.
Rates have risen two full percentage points in 2023 alone.
Recent reports from the International Monetary Fund (IMF) have sounded alarms over China's escalating risk of a financial crisis.
The housing market remains fraught with significant affordability constraints.
Valmet has signed a Euro 175 million loan agreement with the European Investment Bank (EIB). The loan will support Valmet’s Research and Development (R&D) activities to help finance technologies that replace fossil fuels with renewables. The loan agreement is linked to company’s R&D activities in 2023-2026.
Overall housing starts increased 3.9% to a seasonally adjusted annual rate of 1.45 million units.