Amsterdam-based trade credit insurance, surety and collections services company Atradius has entered the Romanian market. From its Romanian headquarters in Bucharest’s SkyTower, the commercial credit insurance company provides with commercial credit insurance its customers and business partners across the country.
Worldwide, Atradius ranks second in the list of companies providing this type of insurance, protecting companies against losses stemming from non-payment of commercial debt.
“Curently, Romania is one of the most interesting developing markets in Europe and has a high potential,” Andreas Tesch, Atradius Chief Market Officer said. “In this context, the strengthening of our position on this market represents a firm step within our strategy for global expansion,” he explained. Currently, Romania’s insurance market is valued at approximately EUR 24 million, and the latest average growth rate was of 10 percent per year.
“We want to offer our clients the best services and the highest degree of expertise on the most important markets,” Thomas Langen, Senior Regional Director for Germany, Central and Eastern Europe said. “By opening out new branch, we do not only aim to strengthen our position compared to Romanian companies, we also have the possibility to offer optimised conditions, assistance to our international customers as part of the process of expansion on this market,” he added.
The opening of the Romanian office is part of the company’s global expansion strategy, which also saw it open its first office in Sofia, Bulgaria.
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