"The new office in Bulgaria represents an important strategic step for EULER HERMES in the Northern Europe Region. We believe Bulgaria offers many business opportunities that will strengthen our position and growth in the coming years," concluded Ludovic SENECAUT.
Following the Bulgarian economy reported growth rates of +1.1% in 2013 and of +1.6% in 2014 (estimates), the insurer projects a real GDP increase of +2% in 2015 and of +2.5% in 2016. "We expect private Bulgarian consumption and investment to remain robust in 2015 and exports to recover, supported by both lower oil prices and a weaker lev pegged to the euro," said Ludovic SUBRAN, Group Chief Economist at EULER HERMES.
EULER HERMES is a worldwide trade credit insurer and is present in more than 50 countries. Bulgaria is part of EULER HERMES Northern Europe Region, which includes 14 other countries: Belgium, the Czech Republic, Denmark, Finland, Hungary, Luxemburg, the Netherlands, Norway, Poland, Romania, Russia, Slovakia, Sweden and the United Kingdom.
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