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Information request: Availability of short term export credit insurance for exports to Greece


Policy field

Competition: State aid

Target group

Member States, credit insurers and other interested parties

Consultation period

From 10.04.2017 to 12.05.2017


Objective of the consultation

As a consequence of the difficult situation in Greece, a lack of insurance or reinsurance capacity to cover exports to Greece was observed in the years 2012-2016. This led the Commission to amend the Communication of the Commission to the Member States on the application of Articles 107 and 108 of the Treaty to short-term export-credit insurance (Communication on short-term export-credit insurance) by temporarily removing Greece from the list of marketable risks countries in 2013-mid 2017. The most recent modification is due to expire on 30 June 2017.

The Commission shall determine whether the current market situation justifies the expiry of Greece's removal from the list of marketable risk countries as of 1 July 2017, or whether a prolongation is needed.

In order to establish the availability of sufficient private capacity the Commission invites Member States, credit insurers and other interested parties to submit the following information:

  • (a) Private credit insurance capacity: availability of credit insurance from private insurers in all Member States during the period March 2016 – March 2017 (changes in the private capacity, withdrawals from or entries of private credit insurers to that market), data on the exposure to Greece per private insurer, per Member State for the same period (number of requests, acceptance ratio, total insured turnover, and average premium charged).
  • (b) Activity of insurers acting on behalf of, or with State guarantee or the State itself in provision of short-term credit insurance for exports to Greece during the period March 2016 – March 2017: availability of credit insurance in all Member States, number of requests, acceptance ratio, total insured turnover, and average premium charged in the Member States concerned.
  • (c) Corporate sector performance in Greece (e.g. insolvency ratio during the period March 2016 – March 2017, forecasts for the remainder of 2017).
  • (d) Other relevant data and information.

How to submit your contribution

Please submit your contribution in an electronic format.
e-mail: stateaidgreffe@ec.europa.eu

Please always indicate the reference number in your correspondence: HT.4524

Due to the confidential nature of the information sought received contributions will not be published.
It is important to read the privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.

Contact details

Directorate-General for Competition – Unit D5 State Aids III - Task Force Financial Crisis
For any questions please contact: Ms Panagiota BAROUNI (00 32 2 29 86863; e-mail: Panagiota.BAROUNI@ec.europa.eu) or Mr. Maurits PINO (00 32 29 93367; e-mail: Maurits.PINO@ec.europa.eu).



Protection of personal data Privacy statement


  
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