Information agency Credinform attended the seminar “Hermes – the Federal guarantor of exports in Russia”

12.09.2013 Information agency Credinform attended the seminar “Hermes – the Federal guarantor of exports in Russia” performed by the Russian-German Chamber of Commerce. Representatives of the Russian banks involved in foreign business activities, importers, consulting agencies learned features of German export support, particularly to Russia, and discussed aspects of its practical implementation with regard to the Russian-German transactions.

Export credit agency Euler Hermes Deutschland AG (Germany) is engaged in insurance of the international commercial transactions granting support to domestic producers. Our country is one of the more important Germany’s trade partners and therefore applications for insurance of export contracts with Russian parties makes considerable part in the Hermes portfolio. 2012 Hermes has insured deals with Russia for the total amount of 3.228 million EUR.

It is well known that in such sphere as insurance of international trade transactions it is obligatory to check the creditworthiness of a foreign counterparty (importer). Export insurance agencies usually use internal as well as external company data sources. Banks involved in financing of foreign business activity and lending to foreign buyers use services of B2B sector also.

Information agency Credinform collected a wide experience working with foreign clients that allows to place itself successfully on the international market of business information in particular as a supplier of updated and verified data on the Russian contractors.