News

Remote Work: The Risks and Opportunities of Virtual Offshoring

07/01/2021

Remote work has emerged as a new norm during the Covid-19 pandemic. As we emerge from the crisis, this cultural shift could allow companies located in developed countries to hire teleworking talent in emerging countries to reduce their labour costs. Coface estimates that the total number of teleworkable jobs in high-income economies is about 160 million, while the number of potential teleworkers in low- and middle-income economies is about 330 million. Coface also estimates that French compaines would save 7% on labor costs even if only 1 in 4 teleworkable jobs were offshored.

Read more

China: rising payment risks in construction and energy sectors despite stronger economic outlook

05/31/2021

Overall, the Chinese economy expanded by 2.3% in 2020, being the only major economy to record growth, and Coface expects the GDP to accelerate to a 7.5% growth in 2021.This would be the fastest pace since 2013, and comfortably above the minimum of 6% set by the authorities.

Read more

Germany: More insolvencies in the pipeline, despite significant aid

05/18/2021

Insolvencies in Germany dropped significantly in 2020 compared to 2019, despite the worst recession since 2009. This is largely thanks to public support programmes. However, the early-announced applications for regular insolvency proceedings (Regelinsolvenzverfahren) at courts already increased sharply in February and March, signaling a pending increase in corporate insolvencies in the next months. Coface’s forecasting model shows that up to 4030 insolvencies were prevented by the State-support in 2020, which is now in single parts being withdrawn, and could take place in 2021/22. From a corporate perspective, the crisis is far from over.

Read more

Coface expands its portfolio in Romania and launches Surety Bonds

05/12/2021

As a leading player in credit insurance, Coface supports companies with guarantee instruments that help them take part, in safe conditions, in public procurement procedures. The surety bonds offered by Coface represent a viable alternative to the letter of credit and are dedicated to companies involved in public procurement contracts.

Read more
All the news

Contact

Headquarter:
42 Pipera St. - 6th Floor - 020112
Globalworth Plaza Building
District 2 - Bucharest - ROMANIA
T. +40/374 670 720 
 
 
Cluj-Napoca Branch:
107 Republicii Str.- 3rd Floor -
Cluj-Napoca - ROMANIA
T. +40 741 111 032 | F. +40/373 788 813
E. comunicare-romania@coface.com
 
Timisoara Branch:
69 Calea Torontalului - 10th Floor - Vox Building
Timisoara - ROMANIA
T: +40/ 741 111 689 | F: +40/ 373 788 813
E. comunicare-romania@coface.com
Contact us
  • Romanian
  • English