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Study on Export Credit Facility for local businesses

In photo: Mr Edward Tersmette, Policy Coordinator, European Commission, Structural Reforms Support Service [Centre Right], Mr Thomas Baum, Underwriting & Risk Management, Head of Division, Euler Hermes [Centre Left], together with representatives from Malta Enterprise, Trade Malta, the Ministry for Finance and the Ministry for the Economy, Investment and Small Businesses.

A technical delegation from the European Commission and Euler Hermes was in Malta to explore various ways and means of offering innovative commercial solutions to assist Maltese exporters to expand their international business.

Malta Enterprise is being supported by the European Commission, through the SRSP (Structural Reforms Support Programme), to examine workable options for developing an Export Credit facility for Maltese businesses proactively engaged in exporting goods and services. Euler Hermes have been commissioned to conduct this study. A kick off meeting was held whereby a number of economic presentations and meetings with prominent business representatives and stakeholders took place.