Tender guarantees: Change from 1 June, 2011

As advised earlier direct surety guarantees to EU grants are not available from Garantiqa Creditguarantee Co. Ltd. from the 1st of June, 2011.

In cases of tiered grants under the same Subsidy Contract the applications for a guarantee enabling the beneficiary to call down the remaining amounts are not considered to be new transactions. Guarantee prolongations will also be admitted.