ANNOUNCEMENT 15 Dec 2016

On 15 December 2017, the Polish EximBank KUKE announced providing funding to support a Polish export contract for a construction project in Belarus.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Export Credit Insurance Corporation Joint Stock Company (KUKE), Press release of 15 December 2016, BGK and KUKE are financing an export contract of Unibep SA: http://www.kuke.com.pl/en/news/bgk-and-kuke-are-financing-an-export-contract-of-unibep-sa,20.html

Inception date: 15 Dec 2016 | Removal date: open ended

Trade finance

The governmental institution Bank Gospodarstwa Krajowego approved a loan agreement with Trinity Invest having a total value of PLN 245 million (USD 57.34 million). The Polish Eximbank KUKE will secure the loan.

The funding supports an export contract awarded to the Polish company Unibep SA to construct a turnkey office and retail complex in Grodno, Belarus. The funding was granted under the Polish government's Financial Support for Exporters programme. The transaction was announced in a press release on 15 December 2016.

The GTA includes state guarantees, loans 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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A