(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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(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...
more(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,...
more(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...
more(Huffington Post, 2 May 2014) The Nation, Huffington Post,...
more(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...
more(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...
moreItaly's "Ansaldobreda was awarded a contract in 2004 by Danish railways for 83 intercity trains worth a total of EUR 488 million, including an option for a further 67 trains. To guarantee this contract, SACE issued bonds for EUR 50 million. Ansaldobreda, a Finmeccanica company, is a world...
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