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Pakistan: Hard work for a fragile government

02/29/2024

No single party managed to win an absolute majority in the contested legislative elections held on 8 February 2024. A total of 128.5 million voters were called to the polls, with a final turnout of 47%. Independent candidates affiliated to the Pakistan Movement for Justice (PTI) came out on top (93 seats), followed by the two traditional parties, the Pakistan Muslim League (PML-N) and the Pakistan People’s Party (PPP), with 75 and 54 seats respectively. The latter two joined forces with five smaller parties to win an absolute majority.

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Challenging times for homebuilders and real estate companies

02/27/2024

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024.

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COFACE STUDY: INSOLVENCIES IN ROMANIA REPORTED THE SAME LEVEL IN 2023 AS IN THE PREVIOUS YEAR

02/21/2024

The latest Coface Romania study shows that 6,650 new insolvency procedures were opened in 2023 compared to 6,649 in 2022. The refused payment instruments increased both in value (+37%) and in number (+17%) compared to 2022, but below the levels recorded in 2019. The construction sector reports the highest number of insolvencies, respectively 1,446.

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Coface Country and Sector Risk Barometer – T4 2023

02/06/2024

After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections - presidential and/or legislative - and in economic terms, with risks mounting on a still slowing global economy.

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