ANNOUNCEMENT 30 Nov 2008

In November 2008, the German Export Crediting Agency announced its support of an export project concerning the delivery of two hoisting machines to Russia and Switzeraland.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2008 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2008 and finances the delivery of two hoisting machines ('2 F?rdermaschinen') to Russia and Switzeraland. The benefitting German exporter is SIEMAG M-TEC2 GmbG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (20 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS