ALTUM is a Latvian state-owned financial institution that provides various financial support programs for businesses, farmers, and individuals. They offer loans, guarantees, venture capital, and other financial instruments to promote economic growth and development in Latvia. ALTUM was established to address market failures and support projects that might not otherwise receive funding from commercial banks. They focus on providing access to finance for small and medium-sized enterprises (SMEs), promoting innovation, and supporting sustainable development initiatives. ALTUM also manages several investment funds, including venture capital funds and the Three Seas Initiative Investment Fund, to foster investment in promising companies and projects.
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