Atardius started operating officially in the Czech Republic yesterday.
“We see enormous growth potential on the Czech market as the Czech Republic joins the European Union on 1 May. In the European Union, 14% of trade flows are credit insured – but in the Czech Republic the penetration rate is only 7%. Our clients there will receive the same quality of service as in any other country where we operate,” said Paul-Henri Denieuil, CEO of Atradius Group.
Dr Thomas Langen, country director for Germany and Eastern Europe, added: “We believe that the team headed by Markйta Strћнnkovб, our Czech branch manager, will attain 25% growth in 2004 and thus achieve 17.5% of market share.”
