The Austrian Control Bank (OeKB) and Belarusbank has reached an agreement that approves financing for Belarus import and export transactions,
Belarusbank
reported Tuesday.
"Such a guarantee -- exceptional and unprecedented -- is a testimony of high trust in relation to our bank and the recognition of goodwill,"
Belarusbank's Board Chairman Sergei Pisarik said. "For us, this agreement is a new level of relations in the sphere of international business."
According to the announcement, this is a major step forward for Belarus and Austria. Pisarik represented Belarusbank in Vienna on April 28 when the agreement was signed. OeKB was represented by it's Director-General Rudolf Sholtenom alongside other banking officials.
The Austrian bank's focus is the development and promotion of Austrian industry and production in global markets, and uses insurance credits for exports to facilitate increased import and export activity.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme