EXIM CEO Zoltán Urbán stressed the importance of the V4 countries – Hungary, the Czech Republic, Poland and Slovakia – working to find new solutions to identical problems, while jointly supporting exporting companies and sharing risks.

All of the V4 countries have their own strengths – energy in Slovakia, the machine industry in the Czech Republic, renewable energy in Poland, and water management in Hungary – which can be better exploited by working together, he added.

The export credit agencies and state-owned financial institutions of the V4 countries have cooperated before, but the aim is to deepen these partnerships, Urbán said.

The export-import banks and export credit insurers of the V4 countries were due to sign a declaration Thursday evening. The V4 export credit agencies will meet next year in Bratislava.