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Credit insurer Atradius (formerly Gerling NCM) has opened a branch in the Czech Republic. The team is headed by Marketa Strzinkova and envisages growth of 25% in 2004, achieving 17.5% of market share.

“We see enormous growth potential in the Czech market as the Czech Republic will join the European Union on May 1,” comments Paul-Henri Denieuil, CEO of Atradius. In the EU, 14% of trade flows are credit insured – but in the Czech Republic the penetration rate is only 7%. Our clients there will receive the same quality of service as in any other country where we operate.”