(East Africa Business Week, Kampala, 14 February 2020) Tanzania's Ministry of Finance has signed a facility agreement with Standard Chartered (SC.com) Tanzania for a US$ 1.46 billion loan to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora....
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2020/02/29
Country: Finland
ECAs: Finnvera
Issue: Debt
(Bloomberg, Helsinki, 12 February 2020) The damage wrought by the coronavirus on the luxury cruise-liner business may hurt the economy of Finland more than most other countries’. The Finnish government has granted an “exceptionally high” number of export guarantees to cruise lines that have...
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2019/08/30
Country: Finland, Germany
ECAs: Euler Hermes Deutschland AG, Finnvera
Issue: OECD
(Seatrade Cruise News, Colchester, 16 August 2019) KfW IPEX-Bank is leading a consortium to structure the financing for Genting Hong Kong’s two newbuilds for Dream Cruises at the MV Werften shipyard. The multi-ECA financing package comprises around €2.6bn toward the total cost of €3.1bn for the...
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2019/02/27
Country: Finland
ECAs: Finnvera
(Global News Wire, Helsinki, 26 February 2019) Demand for export credits has increased in recent years. At the same time, our need for funding has increased and, in 2018, a total of EUR 2.4 billion was acquired from the capital market. To balance funding and asset management, Finnvera prepaid...
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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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2015/08/29
Country: Finland
ECAs: Finnvera
(Globe Newswire, Helsinki, 13 August 2015) Finnvera’s mandates and tasks have expanded on several occasions during last year and the current year. In the period under review, it became possible for Finnvera to guarantee the refinancing of export credits granted by banks. This arrangement...
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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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2007/02/10
(Finnvera, Helsinki, 23 Feb. 2007) In November 2006, the International Finance Corporation and Multilateral Investment Guarantee Agency boards approved a $170 million investment by IFC and a guarantee of up to $350 million from MIGA for the Orion pulp mill project in Uruguay. Finnvera has now... more
ECAs: Finnvera
Issue: Pulp and Paper
2006/04/08
(Finnish News Agency, Helsinki, 28 April 2006) Topi Vesteri, the vice chief executive of Finnvera, the Finnish export credit guarantee body, was quoted as saying in the Friday issue of business daily Kauppalehti that it would have to reappraise its role in the mill being built by pulp maker... more
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Finnvera
Issue: Pulp and Paper
2006/03/07
(IPS, Santiago, 11 March 2006) As tensions between the governments of Argentina and Uruguay over two pulp mills on a river dividing the countries appear to be abating, local residents and activists continue to demand a halt to both projects. The Argentinian... more
ECAs: Compañía Española de Seguros de Crédito a la Exportación, Finnvera
Issue: OECD, Pulp and Paper
2006/02/10
(CEDHA, Argentina, 23 Jan. 2006) Nearly 40 000 Argentine citizens have petitioned the Inter American Commission on Human Rights, alleging that the Uruguayan government has allowed serious breaches of human rights caused by two pulp mills. The largest of the mills is sponsored by three Finnish pulp... more
Country: Argentina, Uruguay
ECAs: Finnvera
Issue: Human Rights, Pulp and Paper
2006/02/03
(Reuters, Oslo/Helsinki, 6 Feb. 2006) Norwegian shipbuilder Aker Yards has won the biggest ever commercial ship order, clinching a 900 million euros ($1.1 billion) order from U.S.-Norwegian Royal Caribbean Cruises for a huge new cruise ship to be built in Aker's Turku yard in Finland. The deal... more
ECAs: Finnvera
2005/04/10
March 31, 2005 (Source: Finnish ECA Reform Campaign) — The Finnish Supreme Administrative Court has ruled that the Finnish ECA Finnvera must reveal environmental information about certain projects— information that was requested by the Finnish ECA Reform Campaign in February 2002.
ECAs: Finnvera