ANNOUNCEMENT 29 Mar 2017
On 29 March 2017, the Austrian government amended its Export Finance Law.
NUMBER OF INTERVENTIONS
Official press release (in German)
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.
At the same time, the amendment expanded export financing to include the hedging of equity financing and equity-related instruments.