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Atradius Credit Insurance targets 60% revenue rise

The Hungarian office of Atradius Credit Insurance, one of the world's leading credit insurance companies, expects 2006 revenue to increase 60% over 2005's Ft 330 million, head of the office Balázs Vanek said on Thursday. Last year, Atradius's revenue increased 65% over 2004.


Atradius expects Hungary's credit insurance market to expand because of the growing stock of overdue receivables in some sectors of the economy, resulting in a so-called chain of debts.