(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...
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(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...
more(Space News, London, 15 April 2016) Britain’s export-credit agency may be the most attractive source of satellite project financing that almost none one has heard of or uses. While its more active counterparts in the United States and France are most comfortable guaranteeing loans only when a...
more(Global Trade Review, Paris, 16 April 2016) France’s export credit agency (ECA) activities will be placed under the responsibility of the Banque Publique d’Investissement (Bpifrance) by the end of this year, now that the conditions of the transfer from Coface have been agreed on. Under the...
more(Financial Times, Tehran/Rome, 12 April 2016) Italian financing agencies have teamed up to give Iran nearly €5bn in credit lines and guarantees for exports, in one of the most significant financial deals with the Islamic Republic since the landmark nuclear agreement that led to lifting of...
moreAround 90% of the respondents of the latest edition of the Atradius Payment Practices Barometer survey for Western Europe had invoices paid late by their B2B customers over the past year. Respondents in Great Britain were the hardest hit by late payment from export customers (46.4% of the total...
more(Global Trade Review, London, 23 March 2016) UK Export Finance (UKEF) and the China Export & Credit Insurance Corporation (Sinosure) have signed a mutually beneficial framework agreement aimed at increasing UK and Chinese exports... The agreement will see the two export credit agencies (...
more(Global Trade Review, London, 31 March 2016) UK Export Finance has adopted the Equator Principles, a global framework aiming to promote sustainable project financing. Introduced in 2003 and already adopted by 80 financial institutions, the Equator Principles are a risk management framework to...
more(Trade and Export Finance, London, 23 march 2016) After two years of delays resulting from the war with Isis, French export credit agency (ECA) Coface last month provided its first ever guarantee in Iraqi Kurdistan to fund the purchase of turbines for the country’s Bazian power plant.
(The Reporter, Addis Ababa, 12 March 2016) The long-awaited negotiation between Ethiopian Electric Power (EEP) and the Italian construction company, Salini Costruttori, has been finalized enabling the latter to commence with the building of the 2,200MW Gibe IV hydropower plant. The two...
more(The Market Mogul, London, 11 March 2016) Before the embargo, Iran was Germany’s most important European trade partner with almost $5bn in exports going to the country in the Middle East. Today, Germany wants to live up to earlier commercial successes after a considerable drop in exports during...
more(UK Export Finance, London, 28 January 2016) The UK Government's response to its anti-bribery and corruption consultation was published on 28th January 2016. The response is the result of almost a year of consultation. Responses were invited from interested parties by 15 May 2015. Ten responses...
more(Jubilee Debt Campaign, Liege, 10 February 2016) The UK’s Department for International Development is considering using aid money to subsidise lower interest rates for export credits for some low income countries... Under OECD rules, Western government export credit agencies, such as UK Export...
more(Trade & Export Finance, London, 9 February 2016) Reliance Industries’ latest €950 million ($1.04 billion) export credit agency (ECA)-backed deal is expected to push its capital expenditure spree in refinery and petrochemical expansion projects to approximately $17 billion. The Mumbai-based...
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