Credit insurance and credit management specialist Atradius has opened a branch in the Czech Republic.
The company said it saw the region as one with the potential for large-scale growth.
“In the European Union, 14% of trade flows are credit insured, but in the Czech Republic the penetration rate is only 7%,” said Atradius Group chief executive Paul-Henri Denieuil.
Atradius predicted a 25% growth for the Czech operation during 2004, a 17.5% market share.
