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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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Country Risk Conference 2018

2018: the upturn continues, but corporates risk overheating
During its annual conference on country and sector risks, Coface shares with companies its vision of the major global economic trends for 2018.

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Turkey records dynamic growth but is increasingly vulnerable to external factors

Cresterea continua depaseste asteptarile
Economia Turciei a inregistrat o crestere semnificativa in primele trei trimestre ale lui 2017, in urcare cu 7,4% comparativ cu anul precedent. Acest lucru s-a realizat in ciuda seriei de socuri care au avut loc in tara in 2016.

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Although dynamic, France’s organic food sector could be forced to abandon its original principles in order to increase scale

Organic production is insufficient to meet consumer demand
France’s organic food sector has been experiencing double-digit growth since 2014. This upward trend was confirmed during the first half of 2017 and suggests that there will be a growth of almost 14% for the entire year which will represent a turnover of over 8 billion Euros, according to Coface’s estimates.

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Germany’s corporate payment survey 2017

A better year for exporters and domestic trade
The second annual corporate payment survey for Germany carried out by Coface confirms many of the foregone trends. However, some improvements can be seen.

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China's ambitions in sub-Saharan Africa: efforts to rebalance bi-lateral relations still needed

Risky trade dependence for sectors and countries that export commodities
Almost twenty years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced.

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Country and sector risks worldwide

Europe remains the big winner in the world economic upturn.
World economic growth might not yet be at its highest (2.9% in 2017 and 2018), but there can be no denying that there are healthy signs. This quarter, once again, nearly all of the revised country and sector risk assessments from Coface show marked improvements.

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The wholesale of wood material and constructions materials

The trend of the insolvency ratio in the sector is downward over the past three years, similar to the trend at the level of the entire economy, but it is maintained above the latter.
In 2015, the wholesale of wood material and constructions materials and equipment sector ranked 8 in the Top 10 sectors (NACE 4 digits) based on the number of insolvent companies (as in 2014), considering that the number of insolvent companies related to the number of active companies (turnover > 0) was above the national average (2.2% in 2015 and 4.5 in 2014, respectively).

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The bond market is turning into a "spare tyre" in several countries of Asia, Central Europe and Latin America

Since the early 2000s, corporate debt in the emerging countries has been on a constant rise, with significant acceleration since the 2008 crisis: the value growing fourfold between 2008 and 2017, corresponding to a nigh-on 25 percentage point rise in the GDP. Emerging Asia is the region most concerned by corporate debt (133% of GDP in 2016), largely caused by China.

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Morocco Corporate Payment Survey, first half of 2017

Extended payment periods across practically all sectors: 99 days on average in 2017, up from 82 days in 2016.
The latest edition of Coface’s annual survey analyses the payment behaviour of 256 companies in different sectors of activity. The sample of participants covered is 23% larger than for the 2016 edition and includes more export companies.

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Central & Eastern European insolvencies overview

Less business insolvencies in 2016, but a downturn in the construction sector.
2016 showed a continued decline of 6% in the number of company insolvencies in the Central and Eastern European region, following a fall of 14% in 2015. In all, over the course of last year, six entities per 1,000 became insolvent. This improvement was in line with the favourable macroeconomic environment, largely due to the positive situation on the labour market, with lower unemployment rates and rising wages. Despite this, insolvencies are still above the pre-crisis levels of 2008 in most countries. Romania and Slovakia were the only two countries to record lower levels of company insolvencies than before 2008.

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Infrastructure: the Achilles’ heel of development in Latin America

The fragile performance of recent years highlights the region’s competitiveness issues. What are the weaknesses in the infrastructures in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Peru?

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Coface announces CEE Top 500 companies

The CEE Top 500 companies generated a turnover of EUR 580 billion in 2016. The biggest companies experienced a decrease in turnover and net profit, but increased their workforces significantly.

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Infographic: CEE Top 500 companies

The CEE Top 500 companies generated a turnover of EUR 580 billion in 2016. The biggest companies experienced a decrease in turnover and net profit, but increased their workforces significantly.

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The paradox of insolvencies in Romania

Although the number of insolvencies in the first semester of 2017 is similar to that of the last year, namely 4,442 new proceedings, the companies with a turnover of more than 1 M EUR which became insolvent in the time interval analyzed increased by almost 20%, reaching 180 companies.

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Infographic: Insolvencies Romania H1 2017

Although the number of insolvencies in the first semester of 2017 is similar to that of the last year, namely 4,442 new proceedings, the companies with a turnover of more than 1 M EUR which became insolvent in the time interval analyzed increased by almost 20%, reaching 180 companies.

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How could “Trumponomics” affect Latin America’s economies?

Political developments in the US have caused uncertainties over the trade policies that could be implemented and the region’s vulnerability to tighter financial conditions.
Costa Rica, El Salvador, Honduras and México are the countries in the region that are the most vulnerable to any eventual import measures imposed by the United States. This is due to their high level of trade exposure to the US (which is also, more specifically, focused on manufactured goods). In addition to their overexposure to the US, these countries’ GDPs are more dependent on exports than other countries in the region are.

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GCC region banks situation

GCC banks urged to fine-tune liquidity management in order to address new economic cycle - Coface Economic Report

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Asia Corporate Payment Survey 2016: Tail risks are on the rise

Coface’s latest annual payment survey covered 2,795 corporates in the Asia Pacific region, focusing on 8 markets: Australia, China, Hong Kong, India, Japan, Singapore, Taiwan and Thailand. The survey also traced the evolution of corporate payments in 11 sectors.

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