(The Week, London, 23 September 2016) French aircraft-maker Airbus has benefitted from as much as $22bn (£17bn) in illegal state aid from EU member states, including £3bn from the UK, the World Trade Organisation (WTO) has ruled. The judgement marks the latest chapter in what the BBC brands the...
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(Both Ends, Amsterdam, 5 September 2016) At the end of 2016, the Dutch government will present a policy review of its export credit facility - as implemented by Atradius Dutch State Business (ADSB) - to the national Parliament. In conversations with multiple staff members of parliamentarians,...
more(Global Trade Review, London, 3 August 2016) France’s Airbus group supplied a near tenfold increase in customer financing following a freeze in export credits from the UK, France and Germany earlier this year, in light of potential corruption and transparency issues. In its half-yearly...
more(Tehran Times, Tehran, 14 July 2016) Iran’s Ministry of Energy and UK Export Finance (UKEF) signed a memorandum of understanding in London over financing Iranian water and electricity projects, IRNA reported on July 13. “All the Iranian energy projects which require foreign investment or...
more(Reuters, Paris, 27 July 2016) Airbus Group has agreed with European governments a process for regaining access to export credits, suspended earlier this year over flawed disclosures on the use of third-party agents to help to sell passenger jets, the company said on Wednesday. In a footnote in...
more(Trend News Agency, Baku, 18 June 2016) Gazprombank, the Italian export credit agency, the Russian export credit agency EXIAR and Azerbaijani company SOCAR have signed a Memorandum of Understanding (MoU) on the financing and construction of a gas chemical complex in Azerbaijan. The new large-...
more(Belarus News, Minsk, 17 June 2016) The National Center for Marketing and Price Studies of the Belarusian Ministry of Foreign Affairs and the Russian Agency for Export Credit and Investment Insurance (EXIAR) have reached an agreement on sharing information and working together to arrange visits...
more(Gulf News, Dubai, 27 June 2016) Italy’s export credit agency SACE plans to move into Islamic finance, becoming one of the first Western trade finance bodies to do so, in order to support expansion of its business in the Middle East and North Africa. SACE insured €40.7 billion ($46.4 billion;...
more(Global Trade Magazine, Newport Beach, 27 June 2016) GE has announced an agreement under which COFACE, the French export credit agency, will provide an additional line of credit for gas turbine combined cycle projects that require export financing in countries such as Saudi Arabia, Mexico, and...
more(TFX News, Rome, 30 May 2016) Italian ECA SACE reopened its support of transactions with Argentina after the Italian undersecretary for development Ivan Scalfarotto last week announced guarantees for €700 million credit lines during his visit to the newly-liberalised Latin American country.
(BelTA, Minsk, 12 May 2016) Italian insurance companies will assist Belarus in improving its ratings in the Organization for Economic Cooperation and Development (OECD) country risk classification. The matter was discussed at the meeting between Ambassador Extraordinary and Plenipotentiary of...
more(The Australian, Canberra, 5 May 2016) The Germans missed out on the Australian submarines contract to the French. But it looks as if they are about to get deeply involved in the $970 million Mount Peake vanadium-titanium-iron project in the Northern Territory, owned by ASX-listed TNG.TNG went...
more(SeeNews Renewables, SofiA, 18 May 2016) The UK and Kenya governments on Tuesday signed a memorandum of understanding (MoU) to increase cooperation on renewable energy. As part of the agreement, UK Export Finance (UKEF), the UK’s export credit agency, is ready to consider requests for export...
more(Reuters, Paris/Berlin, 8 April 2016) - France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in Britain, several people familiar with the matter said on Friday. The move follows Britain's...
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