Exim Bank

BELGRADE - Telekom Srbija CEO Vladimir Lucic says a delegation of the Serbian telecoms operator has recently had a series of important meetings in the US - including at the State Department and the EXIM bank - and announced plans for Telekom Srbija to expand to the US market this year.

Cooperation between Greece and China on shipping finance is set to receive a boost after a conference held at the major Greek port of Piraeus on Wednesday.

The first phase of the Montenegrin Bar-Boljare highway. Photo: Government of Montenegro

On July 13, Prime Minister Dritan Abazovic opened the first section of the highway, seven years after the Chinese-financed project started, and drove up Montenegro's public debt to 90.85 per cent of GDP.

The first phase of Bar Boljare highway in Montenegro. Photo: Government of Montenegro

The Chinese loan for the first phase of Bar-Boljare highway has imposed a heavy burden on Montenegro's public finances.

Minister of Finance and Social Care Milojko Spajic said an arrangement was made with two unnamed US banks and one from France, converting the loan from US dollars to euros.

The export credit agencies of Sweden and Turkey inked an agreement to provide insurance for firms which jointly undertake projects in third countries, Turk Eximbank said on May 17.

"Negotiations regarding the deal between Turk Eximbank and the Swedish Export Credit Agency (EKN) has been completed and entered into force," the statement read.

Montenegrin Minister of Finance Milojko Spaji, in a letter sent to the Chinese Exim Bank, which Pobjeda had an insight into, requested an extension of the availability of credit fund period, a grace period, and a three-year repayment period.  

Turk Eximbank aims to increase its export support by 11% year-on-year to over $50 billion in 2021, the Turkish trade minister said on Feb. 5. 

Speaking at Turk Eximbank 2020 Operating Results and 2021 Targets Meeting, Ruhsar Pekcan said the bank's export support rate is projected to rise to 27.7% this year.

Bucharest, Dec 4 /Agerpres/ - The Ambassador of the United States of America (USA) to Romania, Adrian Zuckerman, announced on Thursday, during a visit to Portile de Fier [ed.n.- Iron Gate Hydroelectric Power Station], the intention of Exim Bank US to support strategic investments in Romania and to ensure lines of credit of about 7 billion US dollars.

The World Bank's Board of Executive Directors has approved a partial credit guarantee in the amount of 250 million euros (around $273 million) to the Export Credit Bank of Turkey (Türk Eximbank) as part of the Turkey Long-Term Export Finance Guarantee Project, according to a statement.

Türk Eximbank, Turkey's major export incentive instrument, on March 24 introduced a support package for exporters to mitigate the impact of the coronavirus pandemic.

The move aims for exporters to continue production and maintain employment as they see orders falling or being canceled due to virus fears.