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SME F inance for Internationalisation. Erich Kühnelt Wirtschaftskammer Österreich (WKÖ) Austrian Federal Economic Chamber. Wirtschaftskammer Österreich. public law Chamber with currently 440.000 members social and economic partner in Austria

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sme f inance for internationalisation

SME FinanceforInternationalisation

Erich Kühnelt

Wirtschaftskammer Österreich (WKÖ)

Austrian Federal EconomicChamber

wirtschaftskammer sterreich
Wirtschaftskammer Österreich
  • publiclawChamberwithcurrently 440.000 members
  • socialandeconomicpartner in Austria
  • Givesadvicetocompanies in questionsoffinance
  • operates ADVANTAGE AUSTRIA as an Internationalization Agency for Austrian businesses
    • 115 offices in 70 countries, runbychambertradeprofessionals, actingas Commercial Counsellorsof Austrian Embassies, employing 800 peopleof 81 nationalities
    • 20.000 Austrian companiesareservicedeveryyear
    • serviceandinformationactivities(likeevents)
    • „go international“: variousactivitiestosupportinternationalisation, co-sponsoredbyMinistryof Economy
a ccess to finance current situation
Access tofinance – currentsituation
  • loanfinanceasmostimportantexternalsourceoffinance
  • demandside: companiesreluctanttoinvest due touncertaintiesovereconomicoutlook (debtcrisis)
  • supplyside:
    • banksaredeleveraging due torefinancingconditionsforbanksand Basel III; EBA goalofincreasedcapitalfor 70 systemicallyimportantbanks per June 30th
    • banksarecautious in loanpolicy due touncertaineconomicoutlook
    • banksdemandmorecollateralandhavetightenedlendingstandards
necessary actions
necessaryactions
  • Basel III:
    • reductionofriskweightsfor SMEs andincreasingtheretailthresholdupto 2 Mio €
    • preventionof negative effects on tradefinance
  • preservationofthe diverse bankingstructure in Europe (big, medium-sizedandsmallbanks)
  • EU Guarantee Fund for MFF 2014 – 2020
    • counter-guaranteesfor national/regional guaranteeinstitutions
    • Commissionintendstomakemoreuseoffinancialinstruments in 2014 – 2020
  • promotionof alternatives tobankfinancing (venturecapital, mezzaninefinance, etc)
necessary actions1
necessaryactions
  • short-termexportcreditinsurance: simplifiedandfasterprocedureforapplicationof „escapeclause“ forsituationsofmarketfailure (Commission Communication on shorttermexportinsurance)
thank you for your attention
thankyouforyourattention

Erich Kühnelt

Wirtschaftskammer Österreich

Tel. +43 5 90 900-3739

e-mail: erich.kuehnelt@wko.at