EGAP insuring Czech business interests in Ukraine

After a year’s break, the state-owned company EGAP (Export Guarantee and Insurance Corporation) has once again started insuring the business interests of Czech companies in Ukraine. It has opened a special fund for this purpose and has already received about two dozen applications in three weeks. The companies interested are mainly agricultural equipment manufacturers and food producers. The state fund for companies doing business in Ukraine has 340 million crowns at its disposal. The applications received by the insurance company so far amount to 200 million.

The Export Guarantee and Insurance Corporation (EGAP) is a specialised state-owned credit insurance company focused on the insurance of territorial and non-marketable commercial risks connected with exports of goods, services and investments from the Czech Republic.