News

Macedonia, Serbia/Montenegro

SECO, the State Secretariat for Economic Affairs, has informed us that Switzerland's credit guarantee facility for these countries will cease from June 30, 2007.

SECO, the State Secretariat for Economic Affairs, has informed us that Switzerland's credit guarantee facility for these countries will cease from June 30, 2007. In other words, credit guarantee insurance applications for medium to long term policies will be accepted until the end of June 2007 only. Past and current credit guarantees are not affected. SERI will determine in good time whether to issue medium to long term insurance policies on its own account for these countries.