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Coface anticipates a 3% increase in insolvencies in Western Europe and 4% in Central and Eastern Europe

• Signs of a slowing global economy continue to accumulate
• 2019 - the number of insolvencies will increase in two-thirds of countries (+3% in Western Europe)
• The chemical industry in Europe and North America is suffering from fewer opportunities in the automotive sector
• Improvements in assessments are concentrated in the Middle East, including Saudi Arabia's upgrade (B)

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Coface strengthens its market position in the Adriatic region by acquiring SID - PKZ, the leading credit insurance company in Slovenia

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.

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Coface launches credit-insurance offer in Greece

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.

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In 2018, insolvencies in Romania remain at approximately the same level of 2017, but the forecasts show an increase of at least 20% in 2019-2020

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.

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Infographic: Situation of Insolvencies in Romania 2018

In 2018, insolvencies in Romania remain at approximately the same level of 2017, but the forecasts show an increase of at least 20% in 2019-2020

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Coface announces CEE Top 500 companies: Household consumption boosts economic activity in CEE

The international credit insurance company Coface presents its tenth annual study on the biggest 500 companies in Central and Eastern Europe – the Coface CEE Top 500. It ranks the businesses by their turnover and additionally analyses further facts such as the number of employees, the framework of the companies, sectors and markets as well as the new Coface company credit assessments. The trend of the CEE Top 500 reflects developments in the region.

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Insolvencies are the minimum level of the last ten years, but the level of losses generated to creditors is close to the maximum in the last decade

The number of large companies with the turnover over EUR 1 M becoming insolvent registered a growth of almost 5%, reaching 189 insolvent companies in the first semester of the current year.

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Infographic: Insolvencies in Romania in the first semester of 2018

4,199 new insolvency procedures were initiated in the first semester of the current year, down by 5% fewer in relation to the same period of the previous year, when 4,442 insolvency procedures were initiated.

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Join the ranking of the biggest companies in Central and Eastern Europe

Take this opportunity to present your results and compare them with the largest companies in CEE. The ranking gives you the possibility to show that you belong to the best companies in this region.

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41% of the companies of the wholesale of cars and equipment have an insolvency risk above average

41% of the companies of the wholesale of cars and equipment have an insolvency risk above average and the number of companies with banking incidents doubled in 2017 compared to 2016

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Residential and non-residential construction works

The sector of residential and non-residential construction works had a negative evolution of the returns in 2016, dropping 8% compared to 2015, while the profitability continued to increase.

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Election season in Latin America: Growing political risks undermine economic activity

The Coface Political Risk Index takes into consideration various risk aspects: (...)

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The non-specialized wholesale of food, beverages and tobacco

In the sector of non-specialized wholesale of food, beverages and tobacco, more than one third of the companies have had a decrease in their income and 40% an insolvency risk above average.

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Infographic: The non-specialized wholesale of food, beverages and tobacco

The non-specialized wholesale of food, beverages and tobacco - more than one third of the companies have registered a decrease in their income and 49% a high and above average insolvency risk

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Africa: diminishing reserves increase risks of another crash

Adversely affected by the slump in raw material prices, most African currencies lost over 20% of their value between 2013 and 2016

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Country and sector risks worldwide - 1st quarter 2018

Now that peak growth has been reached in the United States and Europe, businesses are preparing for supply side constraints and the risk of protectionism

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New Mediterranean trade routes will be through the South and East of the region

In the Mediterranean, the recent rise in protectionism is starting to transform the vast network of free trade agreements and reshape intra-Mediterranean trade routes. Two new trends are emerging.

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Central and Eastern Europe: Political risks on the rise but no impact yet on local businesses

With the wave of ongoing elections in countries such as Hungary, Czech Republic, Poland and Slovenia, Central and Eastern Europe is undergoing a major period of change against the background of economic growth that is still strong (...)

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Romanian insolvencies remain at a level twice as high as the average in Central and Eastern Europe

In 2017, in Romania, 8,256 new insolvency proceedings were opened, by 3% more than in the previous year, when 8,053 insolvencies were opened. Despite the minimum level of the insolvencies registered in the last 15 years, Romania reports an average rate of the ratio between the number of insolvent companies and 1.000 active organizations is of 2.4%, almost twice the average in the Central and Eastern Europe.

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Infographic: Insolvencies Romania 2018

In 2017, in Romania, 8,256 new insolvency proceedings were opened, by 3% more than in the previous year, when 8,053 insolvencies were opened.

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