Coface strengthens its market position in the Adriatic region by acquiring SID - PKZ, the leading credit insurance company in Slovenia04/22/2019
Coface announces today the acquisition of SID - PKZ, the market leader in credit insurance in Slovenia with a high market share. As Coface has acquired all SID - PKZ shares, the business will operate under the new brand name Coface PKZ. The acquisition supports Coface’s strategy of profitable growth in Central & Eastern Europe region.
In 2018, insolvencies in Romania remain at approximately the same level of 2017, but the forecasts show an increase of at least 20% in 2019-202002/20/2019
The macroeconomic context becomes unstable, following the procyclical fiscal policies that cause the increase of a very high fiscal deficit in a period of attenuated economic growth. The number of insolvent companies in 2018 is similar to the one registered in the previous year, namely almost 8,200 companies, and continues to be on the level of the last decade.
Local companies set to benefit from Coface’s expertise in risk prevention and payment protection.
In line with its strategic ambition to grow in promising new markets, Coface is launching its credit insurance offer in Greece. Coface is now able to strengthen its support to Greek businesses, by providing them with its recognised expertise in monitoring the credit-worthiness of millions of companies all over the world, and by protecting their commercial transactions.
Coface organizes on 28th May 2019, the XVth anniversary edition of the Country Risk Conference, which brings together 400 participants, country risk experts, academics, banking specialists, as well as Romanian and foreign investors.
Throughout the years gathered, the statute of one of the most prestigious business events in Romania experienced an accelerated growth from one year to another in terms of specialists attending the event and the representativeness of the business environment.
Structured in a half day event, Country Risk Conference aims to cover all the current major aspects of the macroeconomic challenges and the ones of the business environment in Europe, focusing on CEE and Romania. Its topics offer the audience a broad perspective of the key risks that impact their businesses and provide useful findings in establishing business strategies for the next year.