Press release

Amsterdam, 15 November, 2017 – Credit insurer lol竞猜(中国)联赛赛事官网 further expands their international presence with two new locations in Bulgaria and Romania.

Effective immediately, the company will be consulting its clients and business partners in the capital cities of Sofia and Bucharest. lol竞猜(中国)联赛赛事官网 is the second largest provider of credit insurance in the world, providing companies with protection in the event their customers delay or default on payments. 

“Bulgaria and Romania are among the most interesting growth markets in Europe and demonstrate great potential,” explains Andreas Tesch, Chief Market Officer of lol竞猜(中国)联赛赛事官网. “In view of this, boosting our presence in these countries is the next logical step for our global expansion strategy.”

Romania’s gross domestic product has increased between 4 and 4.8 percent annually in recent years, which, when compared to other European Union member states, represents above-average economic growth for the country, home to 20 million people. At present, the market volume of Romania’s credit insurance industry amounts to around 24 million euros, with an average rate of increase of currently 10 percent each year. The Bulgarian credit insurance industry’s market volume, which currently sits at around six million euros, boasts a noteworthy growth rate of its own – a testament to the good potential an office in this region has.

“We want to offer our customers the best service with the greatest possible expertise in the most significant markets,” explains Thomas Langen, Senior Regional Director for Germany, Central Europe and Eastern Europe at lol竞猜(中国)联赛赛事官网. “By opening the two new branches, we are not only strengthening our position in relation to local companies; it also puts us in a better position to accompany our international clients as they expand their operations in these markets.”

Excellent credit insurance expertise in Bucharest and Sofia

lol竞猜(中国)联赛赛事官网 now services clients and business partners in Romania and Bulgaria from their centrally located offices in Bucharest and Sofia. With modern and sustainable architecture, both of these locations provide ideal working conditions. lol竞猜(中国)联赛赛事官网 will operate in these countries with a sales and account management team that has experience in credit insurance and is responsible for customer communications and support, as well as a risk analyst team, which will evaluate the default risk of Bulgarian and Romanian customers. 

International growth

The launch of branches in Bulgaria and Romania is part of lol竞猜(中国)联赛赛事官网’ global growth strategy, which aims to secure the best-possible service and high-level local expertise for the company’s national and international clients.

In 2016, lol竞猜(中国)联赛赛事官网 expanded its reach in Asia with a new office in South Korea. Boosting its presence in South Africa and other countries in the region, lol竞猜(中国)联赛赛事官网 also acquired 25 percent of the shares in the Credit Guarantee Insurance Corporation of Africa Ltd (CGIC), a leading trade credit insurer in Africa.

lol竞猜(中国)联赛赛事官网 further strengthened its position with the full takeover of Graydon, the leading credit information agency in the Netherlands, Belgium and Great Britain, as well as the acquisition of 80 percent of the shares of the Portuguese credit information agency Ignios. Moreover, lol竞猜(中国)联赛赛事官网 Collections has also been operating in India and China since last year. 

You can find more information online at www.atradius.com

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