Serbia

There are no formal restrictions on cover.

Cover facilities are available under a ceiling of EUR 200 million with a limit on the size of the individual transaction of EUR 20 million. This limit may be exceeded if a transaction is particularly deserving of promotion - especially for projects of particular economic importance e.g. in infrastructure.
Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”).
In addition, cover is available for project finance and other structured finance deals, where necessary based of countertrade transactions.

For medium and long-term transactions a state guarantee or bank security is required if the foreign buyer’s creditworthiness is inadequate.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).