The volume of Czech exports supported by the export insurance company EGAP reached CZK 24.6bn (USD 1bn) in 1H 2022. This is an increase of 27% in year-on-year comparison, and 16% more than in the first half of 2019. The insurance company is also successful in recovering debts. In the first six months, it recovered CZK 1.3bn (USD 54m) from claims business. However, the insurer is tempering any expectations for full-year results as the loss of markets deprived by the war in Ukraine will affect the numbers. EGAP posted a profit of CZK 455m (USD 19m) in 1H.
Prepared by the team of CzechTrade Egypt