ANNOUNCEMENT 05 Aug 2019

In August 2019, the KfW IPEX-Bank announced providing financing to support German exports in connection with the construction of a glass production factory in Uzbekistan.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

KfW IPEX-Bank, KfW IPEX-Bank and Commerzbank to finance modern glass production in Uzbekistan, issued on 5 August 2019: https://www.kfw-ipex-bank.de/Presse/News/News-Details_534016-2.html

Inception date: 05 Aug 2019 | Removal date: open ended
Still in force

Trade finance

On 5 August 2019, the KfW IPEX-Bank announced providing financing together with Commerzbank to support German exports to Uzbekistan. The combined financial support is approximately EUR 60 million (USD 67.5 million). The German Export Credit Agency Euler Hermes Aktiengesellschaf.

More specifically, the German company Horn Glass Industries AG is responsible for the construction of the glass production factory as well as exporting certain technical components.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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