Czech export help to Ukraine and Belarus renewed

07-06-2017

The state export insurance and guarantee provider, EGAP, has said it is relaxing what has been effectively a freeze on export help to Ukraine and Belarus. Help to all but the smallest projected stopped to Ukraine in February 2014 due to the conflict in the east of the country. Help to Belarus was curbed due to the economic situation and the poor payment record of local companies. That has improved, according to the Czech agency. Although export help will now be offered, the two countries are still regarded as high risk with an annual ceiling put on the amounts of credits and guarantees offered.