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News, analysis, reports, success stories and practical insights to support business growth and expansion into international markets.

Export

KUKE insures the investment of the Polish clothing brand in Belarus

The Polish clothing brand, CDRL S.A. (Coccodrillo), signed a PLN 10m loan agreement with Bank Gospodarstwa Krajowego (BGK). The funds so obtained will be used for partial refinancing of the purchase of shares in the Belarusian group which manages supermarkets selling articles for children. This is the first use of a BGK loan for acquisitions outside the EU. The financing is combined with a KUKE’s insurance which covers the investment against political risk. This type of package is a completely new solution on the Polish market.

New solutions

KUKE and Bank Pekao support the construction of a gas compression plant in Estonia by a Polish company

KUKE together with Bank Pekao S.A. have made available a new financial solution supporting Polish exporters. It consists of an advance payment bond and pre-financing of the export contract combined with a loan repayment guarantee. The first to take advantage of this solution was the Kraków-based Control Process, which will now be able to perform two contracts for the construction of a gas compressor station in Estonia. The contracts are carried out as part of the Balticconnector project, i.e. a gas connection from Finland to Estonia.

Export

Credits supported by BGK and KUKE also attractive for importers from developed markets

The solutions supporting Polish exports jointly offered by KUKE and Bank Gospodarstwa Krajowego (BGK) have also proved attractive for importers from developed countries, giving them and their banks access to financing on even better terms than those available in their home markets. A Norwegian shipowner contracting ferries worth PLN 350 million from a Polish shipyard has recently benefited from such a solution.