corona austria

€ 2 billion in aid for Austrian exporters

Article by Günther Jauk (adapted for holzkurier.com; translated by Eva Guzely) | 17.03.2020 - 10:40

As of now, export companies can apply for a line of credit of 10% (large companies) or 15% (small and medium-sized companies) of their export sales at the OeKB. This offer is valid independently of whether the company in question is already a customer of the OeKB and whether any existing lines of credit have been exhausted.

In total, the line of credit which is now available comprises € 2 billion. The revolving loans are primarily aimed at securing exporters’ production sites and making it possible for them to continue business activities. For now, financing is limited to two years – with the option of extending it afterwards, the OeKB informs.