The Investment Fund for Central and Eastern Europe (IØ) was founded by law in 1989. The objective of the Fund is to boost economic cooperation between Denmark and the reformist Central and Eastern European countries for the benefit of both the overall East/West relationship as well as Danish business and employment. We work to achieve our objective by providing funding for investments in such countries in collaboration with Danish business partners.
View legal framework Since 1989 IØ has invested in 424 projects in 18 countries
In 2005, the Danish government decided that in the future, IØ can only operate in Russia, Belarus and Ukraine. Former IØ countries in Central and Eastern Europe with a 2008 GNI per capita below USD 3,084 (2010) are eligible for IFU investments.
IØ is not subject to the Danish Open Files Act, with the exception of information regarding outdoor environment as set out in the Environmental Information Act, which came into force in July 1994.