January 17 (SeeNews) - Germany-based trade credit insurance company Euler Hermes said on Tuesday it has appointed Kamelya Popova as country manager in Bulgaria in response to increasing demand from local firms seeking support to grow their domestic and export business.
"Eastern Europe growth markets are an increasing focus for our international clients and a stronger local team increases our access to local market business intelligence that supports safe, sustainable growth,” Ed Goos, Euler Hermes CEO of Central and Eastern European Countries, said in the company's statement.
“Euler Hermes already provides over 1 billion euro ($1.07 billion) in cover to Bulgarian firms. In today’s volatile and uncertain markets, this coverage illustrates the value our clients place on the risk expertise, economic, sector, and supplier research and bad debt protection,” Popova said.
Most recently Popova was managing director for Saranda Distribution, a local company representing over 20 international brands in Bulgaria. Before that, she was operations director for the Association for Consumer Credit, representing members to government and public authorities. She also brings nine years of trade credit insurance experience as a country manager of Coface Bulgaria to Euler Hermes.
Euler Hermes offers a wide range of bonding, guarantees and collections services. The company is represented in over 50 countries and has a team of over 6,000.