EGAP ensured Škoda Group’s delivery of trams to Latvia

Published: 02.11.2022 Related countries:  Czech Republic Czech Republic, Latvia Latvia

The Export Guarantee and Insurance Company supports the export of Škoda Group's electric railway wagons to Slovakia and Latvia.

The Export Guarantee and Insurance Company (EGAP) insured the contract of the engineering company Škoda Group for the export of trams to Latvia for approximately CZK 1.5bn. The chairman of EGAP’s board of directors, Jan Procházka, stated that EGAP is now discussing the parameters of loan insurance for the supply of spare parts. In the past, EGAP insured the export of Škoda Group's electric railway wagons to Slovakia and two years ago issued the company with Covid Plus guarantees. The Škoda Group loan, for financing the supply of trams, was provided by Česká spořitelna.

Compiled by the team of CzechTrade office in Latvia (Lithuania, Estonia).
Source: ČIA NEWS