EGAP supports exports worth CZK 45bn

Published: 19.05.2021 Related countries:  South Africa South Africa

EGAP supports exports worth CZK 45bn

The Export Guarantee and Insurance Company (EGAP) supported Czech exports worth CZK 45bn in 2020. In total, it concluded 249 insurance contracts in the amount of CZK 35bn. . It permitted guarantees for loans in the volume of CZK 16.5bn in the program COVID PLUS. The supported exports went to 47 countries. It was 12 foreign markets more compared with the previous year. The growth in the volume of the support increased to 110% of the year 2019. The demand of especially small and medium-sized companies in short-term export guarantees to the EU countries has increased up to three times due to the lower willingness of commercial insurance companies to take risks. q