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Registration by the National Bank of Slovakia (NBS) opens another stage of ARFiN BROKER operations on the Slovak market. At the same time, Slovakia is becoming one of the 40 countries with AU Group operations as the world's largest broker specialized in trade risks coverage. ARFiN BROKER has been a part of this multinational group since 2013.
Germany is an important partner of the Czech Republic and Slovakia in the field of international trade. Exports to Germany comprise 33% of the Czech Republic’s total exports, while they account for 22% of Slovakia's exports. Czech and Slovak companies are thus attaining trade receivables of considerable volume when delivering to Germany. The latest economic studies of the three insurers offer a look at how the payment discipline of German companies has evolved and what is expected.
The slower pace of economic growth is driving companies to push for the faster collection of their trade receivables. While in 2017, according to Euler Hermes (EH), the global leader in insurance of receivables, economic growth enabled greater customer-friendliness and the average maturity of receivables increased by two days, in 2018 there was already a global decline of one day, to 65 days.
Luděk Obadal has become the new Sales Director of the Czech branch of Arfin Broker. As of 1 May 2019, he will be engaged in business activities related to the insurance of receivables and related services or products. Along with Luděk Obadal, Arfin Group has extensive experience in the field of commercial receivables insurance. For more than 17 years he has worked in various business positions - from Key Account Manager to Sales Director to Director of the Czech branch of Euler Hermes, the world leader in receivables insurance.
Arfin Broker is expanding into Slovakia. Tomáš Jurík has been in charge of activities in the region since mid-April 2019. Euler Hermes is the leading Czech insurance company in the Czech Arfin. Here he worked as Sales and Marketing Director for Central and Eastern Europe.
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