When Narendra Modi ran for Prime Minister in 2014, he pledged to boost the competitiveness of India’s industrial sector to promote growth. Modi will be running for president again in India’s general elections between 11 April and 19 May. The economy is in a better position than it was in 2014, but many of the structural fragilities that Modi inherited continue to afflict India today and a mixed track record in terms of economic reforms has dampened enthusiasm for Modi.
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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)
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.Read More
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.
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.Read More
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.Read More
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 decadeRead More
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.Read More
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 (...)Read More
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.Read More