On 12 January 2016, the German Eximbank KfW announced it concluded with the Italian bank UniCredit a refinancing loan for the German rail logistics company VTG Aktiengesellschaft.
A 300 million EUR (3-year maturity), a 400 million EUR (5 years) and a 500 million EUR (7 years) loans will allow the company to refinance its outstanding loans. According to the press release, the company will be able to save 10 million EUR annually.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
The list of affected trading partners is based on OECD's 2014 services trade statistics for the CPC Rev. 2.1 code 673.