AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 16 January 2017, the Korean Eximbank announced providing a total value of EUR 500 million (USD 530.12 million) to finance the Carbamide Plant Project in Azerbaijan. The Korean company Samsung Engineering Co., Ltd. is participating in this project as EPC contractor (Engineering, Procurement, and Construction contractor).
In this context, an official of the Eximbank stated: "Korea Eximbank's financing for this project contributes to economic cooperation between Korea and Azerbaijan and to establishment of the foundation for Korean companies to win other large-scale projects which might be awarded by the Azerbaijan government. ... This financing also serves as an impetus for Korean companies in the plant industry seeking to invigorate their businesses."
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
⚑ Please report this page in case you detect an inaccuracy in its content.