Ducroire/Delcredere (OND), the Belgian export credit agency, has reduced the premium for political risk (including transfer risk) related to transactions with a credit period of up to one year (short term) with Turkey. The country has now moved to category 4 out of 7 (instead of 5). The ceiling has been increased to €160mn (instead of €150mn). The cover possibilities remain unchanged. For commercial risk insurance, a 30% premium surcharge will apply.