(The Economist, Castel del Piano, 2 January 2015) The smaller, often family-owned manufacturers that are the backbone of the Italian economy have been hit especially hard: between 2008 and the first half of 2014, a fifth of them went bankrupt or into administration, or were voluntarily wound up...
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2014/11/27
Country: Italy
ECAs: SACE S.p.A.
Issue: Nuclear
Member: Re:Common
(RE:Common & ECA Watch Europe, Brussels/Rome, 27 November 2014) NGOs have written to Italy's Minister of Economic Development and SACE to express their deep concern about SACE's intention to issue a financial guarantee of up to 500 million Euros in favour of the controversial Enel-sponsored...
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2014/11/27
Country: Canada, Italy, Japan
ECAs: Export Development Canada, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A.
Issue: Oil, Gas and Mining
(Cistran Finance, Chicago, 11 June 2014) A list of 23 banks and ECAs that will be financing the construction of SOCAR’s STAR oil refinery in the Aliaga port in Turkey was announced in an official ceremony last week. The list includes the following ECAs: Export Development Canada, JBIC, NEXI,...
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2014/05/31
ECAs: SACE S.p.A.
Issue: Oil, Gas and Mining
(Oman Observer, Muscat, 29 May 2014) Italian export credit agency SACE has pledged $100 million allocated by HSBC Bank for financing the modernisation of Sohar Refinery, owned and operated by Oman Oil Refineries and Petroleum Industries (ORPIC). The aid granted by SACE, which supports the...
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2014/05/31
Country: Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal, Spain, United Kingdom
ECAs: Atradius, COFACE, Compañía Española de Seguros de Crédito a la Exportación, Ducroire/ Nationale Delcrederedienst, Euler Hermes Deutschland AG, Finnvera, Oesterreichische Kontrollbank AG, SACE S.p.A., UK Export Finance (UKEF)
(European Commission, Brussels, 7 March 2014) Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits foresees that Member States shall make available to the...
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2014/05/31
Country: Australia, China, Italy, Japan, USA
ECAs: EXIM Bank China, Export Finance and Insurance Corporation, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Member:
(Huffington Post, 2 May 2014) The Nation, Huffington Post,...
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2014/04/30
Country: Canada, Italy, Japan, Spain, Turkey, USA
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining
(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
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2014/01/30
Country: Italy
ECAs: SACE S.p.A.
(BelTA, Minsk, 11 January 2014) – The Italian financial community is interested in cooperation with Belarusbank following the visit of a Belarusbank delegation to Italy's state-run export credit agency SACE. The visit was arranged with the assistance of Italian bank Intesa Sanpaolo. During...
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