ANNOUNCEMENT 29 Mar 2017

On 29 March 2017, the Austrian government amended its Export Finance Law.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Official press release (in German)
https://www.parlament.gv.at/PAKT/PR/JAHR_2017/PK0355/index.shtml

Inception date: 29 Mar 2017 | Removal date: open ended
Still in force

Trade finance

The amendment limits the liability framework for foreign businesses from 50 to 40 billion EUR. The reduction was a reaction to the insufficient utilization of the framework in the prior year, amounting to only 22.5 billion EUR.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A
Inception date: 29 Mar 2017 | Removal date: open ended
Still in force

Trade finance

At the same time, the amendment expanded export financing to include the hedging of equity financing and equity-related instruments.

 
N/A
 
N/A