ANNOUNCEMENT 29 Feb 2016

In February 2016, the German Export Crediting Agency announced its support of an export project concerning the construction of a glass production plant in Turkmenistan.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Feb 2016 | Removal date: open ended

Trade finance

The export loan was announced in February 2016 and finances the construction of a glass production plant ('Errichtung einer Glasfabrik') in Turkmenistan. The benefitting German exporter is Horn Glass Industries AG, Plößberg.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (56 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

 
N/A