Deputy chairman in charge of international markets at Export Development Canada (EDC) Henri Souquieres, head of the Central Europe department at EDC Dennis Goresky, deputy CEO of insurer Magyar Exporthitel Biztosito (MEHIB) Andras Halasz and CEO of MEHIB Zoltan Dercze, have signed a framework agreement to encourage exports between Canadian and Hungarian firms.
Both EDC and MEHIB are state-owned institutions and the agreement will help exports by promoting the exchange of information between companies and coordinating financial, insurance, reinsurance and guarantee operations.
EDC provided insurance and risk management services worth a total US$51.2bn in 2002.
Source: Hungarian Press Agency
