On July 20, 2006 ELKO Group signed an agreement with credit insurance company Euler Hermes for credit insurance and debt collection services.

According to the terms of agreement, the insurance will cover the risk of ELKO Group sales offices in Latvia, Estonia, Lithuania, Romania, Slovenia, Slovakia and Croatia. This will allow ELKO Group to minimize the credit risk associated with its business transactions by insuring trade receivables against insolvency or delayed payment. It’s a true belief, that the vast experience of Euler Hermes and its network of local offices will perfectly serve these goals.