Export Credit Agencies – Reliable Partners in economically challenging times Круглый стол «Страхование экспортных кредитов в Россиии и за рубежом: перспективы и проблемы развития» Dr. Hans Janus, Member of the Board of Management of Euler Hermes Kreditversicherungs-AG.
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Export Credit Agencies– Reliable Partners in economically challenging timesКруглый стол «Страхованиеэкспортных кредитов в Россиии и за рубежом: перспективы и проблемы развития»Dr. Hans Janus, Member of the Board of Management of Euler Hermes Kreditversicherungs-AG
Moscow, 8th December 2008
►act countercyclically to the general economic development
►make insurance capacity available to make export business happen
►stabilize global trade flows
►co-ordinate and combine efforts with other ECAs in order to multiply effects of concerted actions
►however: sound underwriting principles must not be abandoned
►rapidly deteriorating economic and financial situation of foreign buyers
►unpredictable changes of commodity prices, exchange rates, global demand etc.
►weakening or unavailability of security for credit (bank or parent company guarantees, pledges of assets etc.)
►investment decisions being postponed or cancelled
► we are in the middle of an extremely difficult situation
► we are needed more than ever
► ST 900 mln EUR, MLT 1.100 mln EUR
► More than 5 bn EUR cover for German direct investment in Russia
The activitiesGerman Government and its agents Euler Hermes and PricewaterhouseCoopers as ECA Consortium are determined to remain Russia’s leading partners in ECA supported trade, export and investment business.
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