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Romanian exporters will benefit from extended protection in carrying out commercial relations with partners from EU and OECD countries until December 31, 2026, together with extending the short term insurance scheme of temporary non-market risks which EximBank offers on behalf of and in the account of the Romanian state, according to a press release sent to AGERPRES.
This feature is addressed to all categories of exporters, small, medium and large enterprises, for which EximBank can cover up to 85% of registered losses as a result of commercial and political risks related to commercial partners from EU and OECD countries.
Through this aid scheme, EximBank ensures, on behalf of the Romanian state, for a period of risk taking that is smaller than two years (which includes manufacturing and reimbursing period), liabilities resulted from transactions of exported goods and services against non-market temporary risks.
As Export Credit Agency (ECA) in Romania, EximBank has developed and offers on behalf of, as well as in the account of the Romanian state, insurance products that protects revenue of exporters against risks associated with foreign partners and risks associated to destination countries and facilitates access to financing products, which can be assigned in the favor of the financing banks by filling the guarantee mix.
