ANNOUNCEMENT 07 Apr 2017
On 7 April 2017, the Polish EximBank KUKE announced providing funding in collaboration with Bank Gospodarstwa Krajowego to support a Polish export contract to Georgia.
NUMBER OF INTERVENTIONS
Export Credit Insurance Corporation Joint Stock Company (KUKE), Press release of 7 April 2017, BGK zapewnia finansowanie kontraktu eksportowego do Gruzji. KUKE zabezpiecza kredyt: http://www.kuke.com.pl/aktualnosci/bgk-zapewnia-finansowanie-kontraktu-eksportowego-do-gruzji-kuke-zabezpiecza-kredyt-,44.html
The governmental institutions KUKE and Bank Gospodarstwa Krajowego respectively approved a loan. The loan has a total value of USD 39 million and supports a project in which a Polish company will construct a five-star hotel in Tbilisi, Georgia. Additionally, a number of Polish companies will supply equipment including electrical and fire-fighting equipment as well as furniture.
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.