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EGAP insured exports worth a record CZK 47.3 billion so far this year

The state-owned Export Guarantee and Insurance Corporation (EGAP) insured exports worth 47.3 billion Czech crowns from January to the end of October this year.

According to the company, the record volume is caused by a higher risk present wordwide as well as more companies showing interest in actvities abroad. Czech companies are exploring new markets after recovering from lean years caused by the pandemic and the Russian aggression in Ukraine, leading to the abandonment of the Russian market.

EGAP specializes in financing and insuring export of goods, services, and investmens from the Czech Republic, including those activities that would otherwise be impossible to finance and insure on the market due to high risk.


Prepared by Veronika Vyoralova, team CzechTrade Israel

Source: Forbes CZ