ARP and KUKE have an agreement to support the expansion of companies in the country and abroad

The Industrial Development Agency (ARP) and Korporacja Ubezpieczeń Kredytów Eksportowych (KUKE) have signed a cooperation agreement to jointly offer Polish companies financial solutions in order to strengthen their ability to compete on local and foreign markets, the Agency said.

The range of available instruments for entrepreneurs supported by IDA includes various types of guarantees and insurance, including financing of domestic investments generating exports, as well as working capital financing.

“In such a demanding environment, Polish entrepreneurs are doing very well, it is enough to recall that in January our exports in EUR increased by 13.5% y / y. However, they face more and more serious challenges, including a consequence of Russia's invasion of Ukraine and macroeconomic phenomena, such as high inflation resulting in ever higher interest rates on loans, rising labor costs, and difficulties in accessing components and materials due to disrupted supply chains. In this situation, we agreed with KUKE on the terms of cooperation and the possibility of supporting entrepreneurs with pro-export aspirations, ”said Paweł Kolczyński, vice-president of ARP, quoted in the release.

KUKE insures the commercial transactions of Polish entrepreneurs. As the only company in Poland, it also provides insurance for long-term export investment projects and products with guarantees from the State Treasury. It belongs to the PFR Group.

The Industrial Development Agency is a state-owned company operating within the PFR Group.

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