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    Aircraft industry takes off while air transport remains grounded
    31.01.2012
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    Aircraft industry takes off while air transport remains grounded...

    World economy is walking a tightrope: Credit insurer Euler Hermes’ forecasts for economic growth, country risk and corporate insolvencies
    16.01.2012
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    2011 was by no means an easy year, between the Arab Spring, the Fukushima disaster, the sovereign debt crisis and hesitant governance in Europe. The fragile recovery experienced in the first half came to an abrupt halt in the second and growth in world trade was halved during the year. The deterioration is set to continue in 2012: world growth is not expected to exceed 2.7%, after 3% in 2011. Euler Hermes is forecasting sluggish growth in the first half, which could pick up in the second half with implementation of the announced parachute. Euro zone growth is forecast at 0.3% in 2012 while growth in emerging countries is expected to slow, down to 8.1% for China (from 9.2% in 2011) with growth of 3% for Brazil (as in 2011), for example. ...

    Euler Hermes successfully completed the simplification of its legal structure in Europe on January 1, 2012
    04.01.2012
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    On January 1, 2012, the world leader in credit insurance successfully completed the simplification of its legal structure in Europe by grouping thirteen of its former subsidiaries into one insurance company, Euler Hermes Europe, located in Brussels....

    Is the automobile market pulling the brakes?
    08.12.2011
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    The world automobile market recovered its average annual growth rate of 4% to 5% in 2011 and is expected to remain on a positive trend in 2012, although growth will slow...

    Green economy holds out new opportunities for businesses
    15.11.2011
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    Green economy holds out new opportunities for businesses...

    Management Appointments at Euler Hermes: Isabelle Delorme, Caroline Cimino
    07.11.2011
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    The Euler Hermes group has appointed Isabelle Delorme Head of Market Management and Caroline Cimino Head of Commercial Underwriting and Product Management...

    Lasting crisis casts doubts on muted-recovery scenario for 2012
    20.10.2011
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    In a turbulent economic environment, Euler Hermes is forecasting a slowdown in world growth over the next 18 months...

    Euler Hermes Appoints Ludovic Subran Chief Economist
    26.09.2011
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    In his new role as Euler Hermes Chief Economist, Ludovic Subran will be heading the group’s economic research department, which analyses macro economic and sector trends, country risk, and corporate insolvencies, starting September 26, 2011...

    Euler Hermes Further Integrates Operations in Europe
    26.09.2011
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    With the creation of Euler Hermes Europe, the group will offer its European clients a strong new risk carrier and improved customer service...

    Frédéric Bizière is appointed member of Euler Hermes’ Board of Management in charge of Market Management, Commercial and Distribution
    16.09.2011
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    The Euler Hermes Group Supervisory Board appointed Frédéric Bizière a member of the Board of Management of the Euler Hermes Group as of 15 September 2011...

    Euler Hermes Appoints André-Louis de la Bruyère as CEO of its Collections Business
    05.09.2011
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    On September 1st, 2011 André-Louis de la Bruyère is taking up the position of Chief Executive Officer of Euler Hermes Collections, the trade debt collection entity of the Euler Hermes Group...

    Euler Hermes’ solid AA- rating reaffirmed by Standard & Poor’s
    01.08.2011
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    Standard & Poor’s affirms Euler Hermes’ AA- rating with stable outlook based on the group’s leading market position, solid operating performance and strong capitalization....

    Mapfre and Euler Hermes join forces in the Iberian peninsula and Latin America
    19.07.2011
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    Mapfre and Euler Hermes have signed a memorandum of understanding to jointly develop their credit and bond insurance business. The agreement will apply in the Iberian and Latin American markets...

    Despite a moderate decline in 2011-2012, number of corporate insolvencies to remain above pre-crisis levels
    14.06.2011
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    After record rises in the preceding two years, Euler Hermes’ Global Insolvencies Index dropped back by 5% in 2010. The downward trend in corporate insolvencies continues in 2011 but at a moderate pace and with marked differences from one country to another...

    Construction: staggered exit from crisis in Europe and the United States
    07.06.2011
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    In an overall context of economic upturn, the situation of the construction sector differs from one country to another: recovery is underway in France, Germany and the United Kingdom, while difficulties persist in Italy, the United States and, above all, in Spain...

    Euler Hermes Appoints Ozlem Ozuner CEO in Turkey
    30.05.2011
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    Starting June 1st, 2011 Ozlem Ozuner is taking up the position of Chief Executive Officer of the Turkish entity of Euler Hermes, the global leader in credit insurance...

    Rebound in world trade in 2010 confirms the shift already underway before the crisis
    17.05.2011
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    Industrialised countries continue to dominate exports in several key sectors...

    Euler Hermes appoints new CEO for Euler Hermes Oceania
    11.05.2011
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    ...

    The new risks of globalisation - A new approach to country risk
    28.04.2011
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    Following a return to growth in 2010 driven by the emerging economies, 2011 will see a lower rate of growth for the global economy and, in particular, for the developed nations...

    Euler Hermes and China Pacific Insurance (Group) Co., Ltd team up to provide Chinese companies credit risk transfer solutions
    21.03.2011
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    Euler Hermes, the world’s leading credit insurer and member of the Allianz Group, and China Pacific Insurance (Group) Co., Ltd. (CPIC Group) have combined their expertise to help Chinese companies to better manage trade credit risks....

    Euler Hermes appoints CEO in China
    14.03.2011
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    Xi-Zhen Wang will take up the position of Chief Executive Officer of the China subsidiary of global credit insurance leader, Euler Hermes, on April 1, 2011....

    Euler Hermes launches a credit insurance company in Turkey
    09.03.2011
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    After five years operations through its parent company Allianz, the world leading credit insurer has now obtained its licence to operate in the Turkish market as an insurance company....

    Pharmaceuticals: an industry on the defensive
    24.02.2011
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    The pharmaceuticals sector escaped relatively unscathed from the 2008-2009 crisis, as healthcare spending in developed economies continued to rise over this period. However, certain factors now cast a different light on the growth and profitability outlook for this sector...

    Euler Hermes appoints CEOs in Russia and Mexico
    17.01.2011
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    Euler Hermes appoints CEOs in Russia and Mexico...

    Although threatened, the global economic recovery is likely to win through - Corporate insolvencies will continue to decline in 2011
    15.12.2010
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    Credit insurer Euler Hermes expects the global economic recovery to be confirmed out to 2012. It will, however, remain very uneven from one geographic region to another in 2011, with a slight slowdown overall. ...

    How has the 2009 fall in air traffic affected players in the air industry?
    22.11.2010
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    The 4% drop in air traffic in 2009 as a result of the economic crisis had little effect on the aircraft industry’s level of activity, given its well-filled order books. ...

    SMEs in both France and Italy have withstood the crisis by adapting their costs more quickly than in previous downturns
    15.11.2010
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    Euler Hermes has analysed the impact of the economic and financial crisis on European SMEs using its database of 2008 and 2009 balance sheets for French and Italian companies...

    The crisis is durably reshaping the global landscape of the automobile sector
    24.09.2010
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    With a few days to go before the start of the 2010 Paris Motor Show, Euler Hermes offers its analysis of the world automobile market....

    Euler Hermes Begins Operations in Chile
    22.07.2010
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    Euler Hermes, the worldwide leader in trade credit insurance, has announced the opening of its newest Latin American subsidiary in Chile...

    Catherine Zeller joins Euler Hermes as Head of Group Legal and as Corporate Secretary
    19.07.2010
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    On July 19, Catherine Zeller joined leading global credit insurer, Euler Hermes, as Head of Group Legal and as Corporate Secretary...

    Euler Hermes Wins “Best Export Credit Agency” Award for the 6th Time
    15.07.2010
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    Euler Hermes, the worldwide leader in credit insurance, has again been rewarded “Best Export Credit Agency Europe 2010” by the British Trade Finance Magazine based on an annual survey among 15,000 readers....

    Euler Hermes enhances its political and trade risk cover
    06.07.2010
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    Euler Hermes enhances its political and trade risk cover...

    Global economic recovery is already under pressure
    28.06.2010
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    Global economic recovery is already under pressure...

    José Maria Cadenas is appointed CEO of Euler Hermes Spain
    27.05.2010
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    José Maria Cadenas will take up the position of Chief Executive Officer of the Spanish subsidiary of global credit insurance leader, Euler Hermes, on June 1, 2010....

    New members are appointed to the Supervisory Board of Euler Hermes
    21.05.2010
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    The shareholders of Euler Hermes appointed five new members to the Supervisory Board of the group on 21 May 2010....

    Brazil, India and China: the new leaders of the global economy for at least the next five years
    20.05.2010
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    Having displayed extraordinary resilience to the global crisis, China, India and Brazil are about to experience an economic success that is set to last at least five years. According to Wilfried Verstraete...

    Jules Kappeler is appointed Managing Director of Euler Hermes Switzerland
    05.05.2010
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    Jules Kappeler has taken up the position of Managing Director of the Swiss subsidiary of global credit insurance leader, Euler Hermes, on May 1, 2010...

    World economy: New sources of growth are slow to emerge; risks and uncertainties persist
    15.04.2010
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    The global economic rebound since the spring of 2009 has not neutralised the impact of the historic recession suffered by developed countries. In particular, the weight of OECD countries in global industrial output and trade has receded by several percentage points. The present rebound is very uneven and artificially boosted by significant but temporary support factors...

    HSBC and Euler Hermes join forces to support UK exporters
    12.04.2010
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    HSBC Commercial Banking and Euler Hermes, the world’s leading credit insurer, have announced that they will begin working together from 1 April 2010 to support HSBC Invoice Finance’s service to UK exporters. ...

    Bruno Verhofstede appointed CEO of Euler Hermes Belgium
    30.03.2010
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    Press release Bruno Verhofstede appointed CEO of Euler Hermes Belgium...

    Appointments at Euler Hermes
    18.01.2010
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    As part of its new integrated organisation, Euler Hermes has set up a Market Management, Marketing, Commercial & Distribution division overseen by Michel Mollard, member of the Euler Hermes Group Management Board. Three Executive Directors have been appointed...

    Dirk Oevermann is appointed member of Euler Hermes’ Board of Management, in charge of Operations and IT
    02.12.2009
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    The Euler Hermes Group Supervisory Board appointed Dirk Oevermann a member of the Board of Management of the Euler Hermes Group as of 1st February 2010. Dirk Oevermann will be in charge of Operations and IT...

    Global corporate insolvencies: after a black year in 2009, Euler Hermes expects corporate insolvencies to stabilise at a high level in 2010
    17.11.2009
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    The world’s leading credit insurer Euler Hermes is forecasting a 33% rise in corporate insolvencies worldwide in 2009. In 2008, half the global increase in insolvencies resulted from financial restrictions whereas in 2009 the main factor has been the economic recession...

    Clement B. Booth takes over from Jean-Philippe Thierry as Chairman of the Supervisory Board of Euler Hermes
    09.11.2009
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    As previously announced, Jean-Philippe Thierry will retire from AGF chairmanship and Allianz SE Board of Management on 31 December 2009. Within this context the Euler Hermes Supervisory Board which met earlier today, has appointed Clement B. Booth Chairman...

    Bernd Lehmann is appointed Global Head of HR of Euler Hermes
    29.10.2009
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    Bernd Lehmann is appointed Global Head of Human Resources of the Euler Hermes Group, effective as of November 1st, 2009....

    Euler Hermes: new governance
    15.10.2009
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    Within the framework of the new organisation which will be implemented 1 January 2010 and in order to manage the group in a fully integrated way, the members of the Management Board of Euler Hermes decided to strengthen the group functions and to concentrate on them. Moreover six Heads of Region are appointed....

    Euler Hermes adopts a new, more integrated, organisation
    10.09.2009
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    Euler Hermes adopts a new, more closely integrated, organisation with the aim of better meeting clients’ needs and consolidating its world leadership in credit insurance...

    Standard & Poor’s confirms Euler Hermes’ AA- rating
    18.08.2009
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    In a report published on July 29, Standard & Poor’s Ratings Services affirms its AA- rating with a stable outlook on Euler Hermes group reflecting its very strong position and financial flexibility and its prudent investment strategy...

    U.S. Has Entered Economic Recovery Period
    21.07.2009
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    Following nearly 18 months of recession, the U.S. economy has entered its initial recovery period; however, as expected, the economic improvement is coming “in fits and starts” according to the Chief Economist for Euler Hermes in the Americas...

    The future of global automobile demand to be shaped by mergers and alliances
    25.06.2009
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    A plunge in global demand and massive destocking are such that in future, the industry will need to find ways to share certain costs through tie-ups and alliances...

    Post-crisis period expected to be marked by the resurgence of “country risk” and lower global economic growth than in the last decade
    05.06.2009
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    Number one credit insurer Euler Hermes assesses the impact of globalisation and considers its development post-crisis...

    A remarkable acceleration in business insolvencies worldwide: +35% in 2009
    04.06.2009
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    Number one credit insurer Euler Hermes is forecasting a 35% increase in corporate worldwide insolvencies for 2009, after +27% in 2008. This dramatical rise is the consequence of the financial and economic crisis....

    France: Euler Hermes SFAC plays a leading role in the new CAP+ credit insurance top-up scheme and in communication with companies
    14.05.2009
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    French credit insurer Euler Hermes SFAC welcomes the agreement reached following the meeting with French prime minister François Fillon on 12 May 2009...

    Euler Hermes confirms its presence in Portugal
    14.05.2009
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    Euler Hermes took note of the Portuguese Prime minister’s statement regarding his government’s wish to make an offer to acquire Cosec...

    HSBC and Euler Hermes provide Mexican Middle Market Companies management solutions for their working capital
    20.04.2009
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    Two leading companies have combined their expertise in Mexico to help Middle Market Companies (MMEs) to better manage collection risk associated with their account receivables...

    Wilfried Verstraete is appointed CEO of Euler Hermes
    17.02.2009
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    As Clemens von Weichs will become Chief Executive Officer (CEO) of Allianz Re, the Euler Hermes Group Supervisory Board appoints Wilfried Verstraete as CEO of the Euler Hermes Group as of 1st April 2009...

    Country risk - Emerging economies caught in the storm
    12.01.2009
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    Euler Hermes has published its analysis of country risk in a global economic crisis. Country risk takes on another dimension in a recessionary environment. Emerging countries are faced with dwindling sources of external financing, the recession of the major economies and falling commodities prices. ...

    An unprecedented crisis in terms of severity and its simultaneous impact worldwide. No stabilisation foreseen before the end of 2009
    17.12.2008
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    In a research report, the world leading credit insurer Euler Hermes analyses the general impact, and the impact by sector, of the current global crisis. It stresses that the present economic and financial crisis is unprecedented in terms of its severity and geographic spread. ...

    Euler Hermes: Insolvencies on the rise worldwide
    08.12.2008
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    The number of corporate insolvencies is rising dramatically worldwide as a consequence of the crisis in the international financial markets and the fundamental changes in the economic environment....

    No United States recovery until mid-2009
    20.11.2008
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    The U.S. economy is in the midst of a recession, the effects of which will continue to plague businesses and consumers well into the next year, according to economic analysis from the US subsidiary of the world’s leading credit insurer....

    2008-2009 outlook for the aeronautics. Analysis by Euler Hermes.
    15.10.2008
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    According to the world leading credit insurer’s analysis, air carriers’ results will deteriorate further in 2008 and 2009 due to slower growth in air traffic and significantly higher fuel costs....

    Standard & Poor’s confirms Euler Hermes’ AA- rating
    26.08.2008
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    In a report published at the end of July on its website*, Standard & Poor’s rating services affirms its AA- rating with a stable outlook on Euler Hermes group reflecting its very strong position...

    Slower world trade growth expected in 2008 - World risk outlook
    18.07.2008
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    Leading accounts receivable insurer Euler Hermes ACI has issued its mid-year 2008 Global Risk Analysis Report for emerging economies. The report is calling for lower global GDP growth and reduced world trade volumes for the remainder of the year...

    Euler Hermes and Rosno extend co-operative venture in Russia
    03.07.2008
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    The world’s leading credit insurer and one of Russia’s largest universal insurance companies are blending their experience to extend the level of insurance cover in Russia by founding the company Euler Hermes Credit Management...

    Euler Hermes wins “Best Export Credit Agency” award for the 4th time
    01.07.2008
    >
    Euler Hermes, the worldwide leader in credit insurance, has been rewarded “Best Export Credit Agency 2008” by the British Trade Finance Magazine based on an annual survey among 15,000 readers...

    Triple Shock in 2008 - Economic Outlook
    26.06.2008
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    The world economy is faced with three shocks in 2008 and 2009 – a sub-prime crisis affecting all the OECD economies resulting in a slowdown in construction and real estate; a shock in terms of food and energy commodities; and lastly a downturn in world trade caused by the slowdown in the US economy...

    Euler Hermes starts operating in Qatar, Oman and Kuwait
    09.06.2008
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    Euler Hermes, the world’s leading credit insurer and member of the Allianz Group, has signed a cooperation agreement with Qatar Insurance Company and its subsidiaries in Oman and Kuwait...

    No economic recovery for businesses in 2008, says Euler Hermes ACI chief economist
    06.06.2008
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    The U.S. economy continues to face deteriorating economic conditions which will cause significant difficulties for businesses through the remainder of 2008, according to analysis from leading B-to-B accounts receivable insurer Euler Hermes ACI...

    Michele Pignotti appointed CEO of Euler Hermes SIAC, Italy
    05.05.2008
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    Euler Hermes, the world’s leading credit insurer, has appointed Michele Pignotti Chief Executive Officer of its Italian subsidiary Euler Hermes SIAC with effect from May 1st, 2008. ...

    Sector analysis: property and construction
    17.04.2008
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    In their report entitled “Property and construction: when will the crisis end? ”, economic and risk industry experts from Euler Hermes, the world’s leading credit insurer, review the sector’s prospects both internationally and for France...

    Euler Hermes creates Euler Hermes World Agency
    15.04.2008
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    Euler Hermes, the world’s leading credit insurer, opens its new subsidiary, Euler Hermes World Agency. Specifically created to meet the needs of multinational companies, Euler Hermes World Agency offers ...

    Sector analysis: the world retail industry
    13.03.2008
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    In their report entitled "What are the strategies available for food distributors to protect their threatened margins?" economic and sector experts from Euler Hermes, the world’s leading credit insurer, review the status of the sector as well as its international outlook...









    Contact

    Bettina Sattler
    Media Relations & External Communications Manager

    Tel: + 33 1 4070 8141 Fax: + 33 1 4070 5117

    Email: bettina.sattler@eulerhermes.com

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