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Hermes Cover
A Hermes cover (Hermesdeckung in German) is an export credit guarantee (ECG) by the German Federal Government. These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors. Economic importance The system of Hermes covers was originally introduced in 1949 for cases where firms could find no private insurance and has become a pillar of Germany's export industry. Today, Hermes guarantees enable exporters to cover themselves against economic risks (customer risks) and political risks (country risks). The federal guarantee is necessary because it is not possible to obtain adequate cover from private insurers, particularly against political risks for exports to non-OECD countries. In 2005, the German state made guarantees for orders totaling EUR 19.77 billion (US$25 billion), which is about 2.5 percent of total German exports. About 90% of the cover was accounted for by exports to developing countries a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export Credit Agency
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Economics And Technology (Germany)
The Federal Ministry for Economic Affairs and Climate Action (german: Bundesministerium für Wirtschaft und Klimaschutz, ), abbreviated BMWK (was BMWi), is a cabinet-level ministry of the Federal Republic of Germany. It was previously known as the "Ministry of Economy". It was recreated in 2005 as "Ministry of Economics and Technology" after it had previously been merged with other ministries to form the Federal Ministry for Economics and Labour between 2002 and 2005. The ministry is advised by the Council of Advisors on Digital Economy. History The historical predecessor of the current Federal Ministry for Economic Affairs and Climate Action was the ''Reichswirtschaftsamt'' (Reich Economic Office), founded in 1917. In 1919, this became the ''Reichswirtschaftsministerium'' (Reich Ministry of Economy), which existed until 1945. In postwar occupied Germany, its functions were exercised by the Administrative Office of Economy (german: Verwaltungsamt für Wirtschaft) between 1946 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Policy
A commercial policy (also referred to as a trade policy or international trade policy) is a government's policy governing international trade. Commercial policy is an all encompassing term that is used to cover topics which involve international trade. Trade policy is often described in terms of a scale between the extremes of free trade (no restrictions on trade) on one side and protectionism (high restrictions to protect local producers) on the other. A common commercial policy can sometimes be agreed by treaty within a customs union, as with the European Union's common commercial policy and in Mercosur. A nation's commercial policy will include and take into account the policies adopted by that nation's government while negotiating international trade. There are several factors that can have an impact on a nation's commercial policy, all of which can have an impact on international trade policies. Theories on international trade policy Trade policy has been controversial sin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Germany
The economy of Germany is a Developed country, highly developed social market economy. It has the largest national economy in Europe, the List of countries by GDP (nominal), fourth-largest by nominal GDP in the world, and List of countries by GDP (PPP), fifth by GDP (PPP). In 2017, the country accounted for 28% of the euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the Eurozone. In 2016, Germany recorded the highest trade surplus in the world, worth $310 billion. This economic result made it the biggest capital exporter globally. Germany is List of countries by exports, one of the largest exporters globally with $1810.93 billion worth of goods and services exported in 2019. The Tertiary sector of industry, service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 41% of national output. The top 10 exports of Germany are vehicles, machinery, chem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tehri Dam
With a height of 260.5 m (855 ft) Tehri Dam is the tallest dam in India and List of tallest dams, 12th tallest dam in the world. With a total planned installed capacity of 2400 MW, it's the biggest Hydroelectric power plant in India. It is a multi-purpose rock and earth-fill embankment dam on the Bhagirathi River in New Tehri, Tehri Garhwal district in Uttarakhand, India. It is the primary dam of the THDC India Ltd. and the Tehri hydroelectricity, hydroelectric complex. Phase 1 was completed in 2006. The Tehri Dam withholds a reservoir for irrigation, municipal water supply and the generation of of hydroelectricity. The dam's 1,000 MW variable-speed pumped storage hydroelectricity, pumped-storage scheme is currently under construction with expected commissioning of first two units in 2023. History A preliminary investigation for the Tehri Dam Project was completed in 1961 under Jawahar lal Nehru's ministry's and its design was completed in 1972 with a 600 MW capacity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Three Gorges Dam
The Three Gorges Dam is a hydroelectric gravity dam that spans the Yangtze River by the town of Sandouping, in Yiling District, Yichang, Hubei province, central China, downstream of the Three Gorges. The Three Gorges Dam has been the world's largest power station in terms of installed capacity (22,500 MW) since 2012. The dam generates an average 95±20 TWh of electricity per year, depending on annual amount of precipitation in the river basin. After the extensive monsoon rainfalls of 2020, the dam's annual production nearly reached 112 TWh, breaking the previous world record of ~103 TWh set by Itaipu Dam in 2016. The dam body was completed in 2006. The power plant of the dam project was completed and fully functional as of July 4, 2012, when the last of the main water turbines in the underground plant began production. Each main water turbine has a capacity of 700 MW. Coupling the dam's 32 main turbines with two smaller generators (50 MW each) to power the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export Credit Agency
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry For Economic Cooperation And Development (Germany)
The Federal Ministry for Economic Cooperation and Development (german: Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung, ), abbreviated BMZ, is a cabinet-level ministry of the Federal Republic of Germany. Its main office is at the former German Chancellery in Bonn with a second major office at the Europahaus in Berlin. Founded in 1961, the Ministry works to encourage economic development within Germany and in other countries through international cooperation and partnerships. It cooperates with international organizations involved in development including the International Monetary Fund, World Bank, and the United Nations. Under the overall lead of the BMZ, the agencies Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Kreditanstalt für Wiederaufbau (KfW) are responsible for implementing bilateral co-operation, the bulk of Germany's official development assistance (ODA). According to the OECD The Organisation for Economic Co-operat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auswärtiges Amt
, logo = DEgov-AA-Logo en.svg , logo_width = 260 px , image = Auswaertiges Amt Berlin Eingang.jpg , picture_width = 300px , image_caption = Entrance to the Foreign Office building , headquarters = Werderscher Markt 110117 Berlin , formed = , jurisdiction = Government of Germany , employees = 11,652 Foreign Service staff5,622 local employees , budget = €6.302 billion (2021) , minister1_name = Annalena Baerbock , minister1_pfo = Federal Minister for Foreign Affairs , chief1_name = Anna Lührmann , chief1_position = Minister of State for Europe at the Foreign Office , chief2_name = Katja Keul , chief2_position = Minister of State at the Foreign Office , chief3_name = Tobias Lindner , chief3_position = Minister of State at the Foreign Office , website = The Federal Foreign Office (german: Auswärtiges Amt, ), abbreviated AA, is the foreign ministry of the Federal Republic of Germany, a federal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Finance (Germany)
The Federal Ministry of Finance (german: Bundesministerium der Finanzen), abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Christian Lindner ( FDP). History In German politics, the Ministry of Finance beside the Interior, Foreign, Justice and Defence ministries is counted as one of the "classical portfolios" (denoted by the definite article ''der''), which were also part of the first German government under Otto von Bismarck following the Unification of 1871. Fiscal policy in the German Empire was predominantly the domain of the various states responsible for all direct taxation according to the 1833 ''Zollverein'' treaties. The federal government merely received indirect contributions from the states. Matters of fiscal policy at the federal level initially was the exclusive responsibility of the German Chancellery under Otto von Bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PricewaterhouseCoopers
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. PwC firms are in 157 countries, across 742 locations, with 284,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa. The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice and $14.4 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC (stylized p''w''c) in September 2010 as part of a rebr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
