Doing Business In - International Franchise Association
Doing Business In - International Franchise Association Doing Business In - International Franchise Association
Foreign-Exchange Controls Return to top The Czech crown is fully convertible and there are no foreign exchange controls affecting trade in goods. U.S. Banks and Local Correspondent Banks Return to top Ceskoslovenska obchodni banka (CSOB) Ing Miroslav Klima, International Financing, tel.: (+420) 224 118 034, fax: (+420) 224 113 367 e-mail: mklima@csob.cz, web: http://www.csob.cz Komercni banka Ing Jana Svabenska, International Financing, tel.: (+420) 222 432 018, fax: (+420) 224 229 330 e-mail: Jana_Svabenska@kb.cz , web: http://www.koba.cz Zivnostenska banka Mr. Petr Merezko, Structured Finance, tel.: (+420) 224 127 204, fax: (+420) 224 127 273 e-mail: merezko@zivnobanka.cz, web: http://www.ziba.cz Citibank Mr. Miroslav Lukac, Corporate Finance, tel.: (+420) 233 061 837, fax: (+420) 233 061 614 e-mail: miroslav.lukac@citicorp.com, web: http://www.citibank.cz GE Capital Bank a.s. Ms. Sona Slavceva, Financial Director, tel.: (+420) 224 441 111, fax: (+420) 224 441 500 e-mail: sona.slavceva@gecapital.com , web: http://www.gecb.cz Project Financing Return to top Because most Czech firms and government agencies lack expertise in assembling financing packages for major projects or acquisitions, your ability to aid them in this process will be a critical part of the sales process. In some cases, your willingness to help assemble financing will put you ahead of competitors; in still more cases, your ability to put together a financing package will create a market that otherwise would not exist. When looking beyond the first stage into project development, your firm will need to work with Czech counterparts to assemble a complex package from several sources. Besides private financing from banks or other sources, possible sources of funding include: • U.S. Eximbank (to finance U.S. equipment purchases)
• Local bond offerings (for municipal and government projects) • International Finance Institutions (such as the European Investment Bank and the European Bank for Reconstruction and Development), or • The European Union's structural and cohesion funds. Competing in EU Tenders: The U.S. Mission to the European Union in Brussels has developed a tool to help U.S.based companies bid on public procurement supplies contracts in particular. All contracts for supplies that are procured by European public authorities (national government departments, regional agencies and public institutions, city authorities) above established thresholds are open to U.S.-based companies by virtue of the Government Procurement Agreement, of which the U.S. and the EU are parties. All the tenders in this database are based on a selection of tenders published in the EU Official Journal that are open to GPA member countries. The database contains on average 6,000 to 10,000 tenders and is updated twice per week. http://www.buyusa.gov/europeanunion/eu_tenders.html Web Resources Return to top Export-Import Bank of the United States: http://www.exim.gov Country Limitation Schedule: http://www.exim.gov/tools/country/country_limits.html OPIC: http://www.opic.gov Trade and Development Agency: http://www.tda.gov/ SBA's Office of International Trade: http://www.sba.gov/oit/ USDA Commodity Credit Corporation: http://www.fsa.usda.gov/ccc/default.htm U.S. Agency for International Development: http://www.usaid.gov European Bank for Reconstruction and Development (EBRD) Like the IFC, EBRD can either work independently, or arrange co-financing packages in conjunction with other multilateral government and private institutions. In London: U.S. Delegation to the EBRD Sanford Owens, Senior Commercial Officer tel.: (+44 171) 588-4027/28, fax: (+44 171) 588-4026 e-mail: sanford.owens@mail.doc.gov, web: http://www.ebrd.org EBRD Alain Pilloux, Director, PCSB Team London HQ,
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• Local bond offerings (for municipal and government projects)<br />
• <strong>In</strong>ternational Finance <strong>In</strong>stitutions (such as the European <strong>In</strong>vestment Bank and<br />
the European Bank for Reconstruction and Development), or<br />
• The European Union's structural and cohesion funds.<br />
Competing in EU Tenders:<br />
The U.S. Mission to the European Union in Brussels has developed a tool to help U.S.based<br />
companies bid on public procurement supplies contracts in particular. All<br />
contracts for supplies that are procured by European public authorities (national<br />
government departments, regional agencies and public institutions, city authorities)<br />
above established thresholds are open to U.S.-based companies by virtue of the<br />
Government Procurement Agreement, of which the U.S. and the EU are parties. All the<br />
tenders in this database are based on a selection of tenders published in the EU Official<br />
Journal that are open to GPA member countries. The database contains on average<br />
6,000 to 10,000 tenders and is updated twice per week.<br />
http://www.buyusa.gov/europeanunion/eu_tenders.html<br />
Web Resources Return to top<br />
Export-Import Bank of the United States: http://www.exim.gov<br />
Country Limitation Schedule: http://www.exim.gov/tools/country/country_limits.html<br />
OPIC: http://www.opic.gov<br />
Trade and Development Agency: http://www.tda.gov/<br />
SBA's Office of <strong>In</strong>ternational Trade: http://www.sba.gov/oit/<br />
USDA Commodity Credit Corporation: http://www.fsa.usda.gov/ccc/default.htm<br />
U.S. Agency for <strong>In</strong>ternational Development: http://www.usaid.gov<br />
European Bank for Reconstruction and Development (EBRD)<br />
Like the IFC, EBRD can either work independently, or arrange co-financing packages in<br />
conjunction with other multilateral government and private institutions.<br />
<strong>In</strong> London:<br />
U.S. Delegation to the EBRD<br />
Sanford Owens, Senior Commercial Officer<br />
tel.: (+44 171) 588-4027/28, fax: (+44 171) 588-4026<br />
e-mail: sanford.owens@mail.doc.gov, web: http://www.ebrd.org<br />
EBRD<br />
Alain Pilloux, Director, PCSB Team London HQ,
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