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Czech Government Launches EGAP Program to Support Domestic Defense Industry
On March 20, 2025, the Czech government approved a new initiative to bolster the nation's defense sector. The Export Guarantee and Insurance Corporation (EGAP) will now provide insurance for domestic investments made by Czech defense companies. This move aims to facilitate access to financing necessary for expanding production capacities within the country.
By insuring these investments, EGAP addresses a critical requirement for banks to offer loans to defense firms. The program will utilize funds from the previously successful Covid Plus initiative, allowing EGAP to insure loans totaling up to CZK 5 billion, backed by CZK 500 million in resources.
This strategic support underscores the government's commitment to enhancing the Czech Republic's defense capabilities and aligns with efforts to shift the European Investment Bank's approach towards the defense industry.
Source: www.mpo.cz
Author: Team of CzechTrade Scandinavia
