(ANSAmed, Rome, 20 October 2015) New export opportunities in the United Arab Emirates for Italian companies after the agreements signed by SACE with the Dubai Aviation City Corporation (DACC) and Abu Dhabi Ports, on the occasion of the Emirati National Day at the EXPO. The accord with DACC,...
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2015/10/30
(Interax, Moscow, 20 October 2015) The Russian government has approved the allocation to the Cuban authorities a state export credit for up to 1.2 billion euro for financing the construction of four generating units for thermal power plants (TPP) on the island: one 200-megawatt power unit at...
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2015/10/30
Country: Finland
ECAs: Finnvera
(Global News Wire, Copenhagen, 29 October 2015) During the period under review, the volume of export credit guarantee offers given by Finnvera was 52 per cent greater than in the corresponding period in 2014. As concerns financing offers for export credits, the figure was over two times greater...
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2015/10/30
Country: China
Issue: Oil, Gas and Mining
(Reuters, Moscow, 29 October 2015) A deal to raise financing for the Novatek-led Yamal LNG project in Russia is in its final stages, the chairman of the management board at Gazprombank, Andrey Akimov, told Reuters. Financing for the $27 billion project is seen as a test for Russia in securing...
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2015/10/30
Country: Canada
ECAs: Export Development Canada
Issue: BRIC countries
(Creamer Media, Johannesburg, 29 October 2015) Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies...
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2015/10/30
Country: Germany, USA
ECAs: Euler Hermes Deutschland AG, Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(New York Times, New York, 10 October 2015) In 2013 the people who dreamed up Big River Steel in Arkansas wanted government aid that would help make the project successful — the kind of aid that groups like Heritage Action and Americans for Prosperity, both generously supported by the right-...
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2015/10/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Oil, Gas and Mining
(Management Today, London, 30 September 2015) Evraz, the steel and mining giant that is 30.8% owned by the Russian oligarch and Chelsea FC owner Roman Abramovich, is due to receive a £45m loan from Britain's export credit agency. The loan is part of the UK Export Finance 'direct lending' scheme...
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2015/10/30
(CS Solutions Blog, 26 October 2015) International owner, operator and manager of LNG carriers, GasLog Ltd. has completed an export credit agency-backed debt financing of USD 1.3 billion with 14 banks for its newbuilding program. The so called Newbuild Facility will include eight... more
Issue: Climate Change, Oil, Gas and Mining
(CS Solutions Blog, 26 October 2015) International owner, operator and manager of LNG carriers, GasLog Ltd. has completed an export credit agency-backed debt financing of USD 1.3 billion with 14 banks for its newbuilding program. The so called Newbuild Facility will include eight...
2015/10/30
Country: Japan, USA
ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
(ClimateWire, Washington, 27 October 2015) The Obama administration has crafted a deal with Japan to restrict financing for overseas coal projects, several sources told ClimateWire. The agreement is aimed at influencing other members of the Organisation for Economic Co-operation and Development...
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2015/10/30
Country: USA
ECAs: Export-Import Bank of the United States
(New York Times, Washington, 27 November 2015) The House acted with rare bipartisanship on Tuesday to approve legislation that would reopen the federal Export-Import Bank, after a debate that underscored the split between the party’s traditional pro-business members and ascendant free-market...
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2015/10/01
Issue: Oil, Gas and Mining
(Reuters, SOHAR, Oman, 8 September 2015) State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) will borrow money to finance 70 percent of its $5.2 billion plastics production complex, its chief financial officer said on Tuesday. The complex, the Liwa Plastics Project, is...
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2015/09/30
Country: Netherlands
ECAs: Atradius
Issue: European Union, OECD
(PortNews, Moscow, 21 Septeember 2015) The Dutch export credit agency is ready to finance shipbuilding projects in Russia, Jan Fijnekam, Customer Finance Manager at Damen Shipyards, said today, September 21, at the International Conference “Advanced port fleet - the basis of safety” organized...
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2015/09/30
Country: Canada, China, Japan, United Kingdom, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: BRIC countries
(Global Capital, London, September 2015) The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it...
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2015/09/30
Country: China
ECAs: EXIM Bank China
Issue: Debt
(All Africa News, Harare, 2 September 2015) The Reserve Bank of Zimbabwe (RBZ) is discussing with banks an insurance package for exports, as it moves to tackle a high political risk premium that has affected international trade. Zimbabwe's import bill has been rising while exports have been...
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2015/09/30
Country: Turkey
(Hasankeyf Action Day, Hasankeyf, 20 September 2015) On September 20th, activists, social movements and NGO's joined an international action day for the conservation of Hasankeyf and the Tigris River. Protesting against the Ilisu Dam Project, a large demonstration took place in the 10.000 year...
more Dodgy Deal: Ilisu Dam
ECAs: Euler Hermes Deutschland AG, Oesterreichische Kontrollbank AG, Swiss Export Risk Insurance
Issue: Human Rights, Large Dams, Transparency