Spotlight

Economic consequences of the Russia-Ukraine conflict: Stagflation ahead

Economic consequences of the Russia-Ukraine conflict: Stagflation ahead

03/09/2022

The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. Since our last publication, the world has shifted, so have the risks.

Read more

News

COFACE INCREASES ITS FOOTPRINT IN NEW ZEALAND WITH THE OPENING OF A LOCAL BRANCH

04/05/2022

Global Credit insurer Coface today announces it has opened a branch in New Zealand after receiving the approval from the Reserve Bank of New Zealand on 1 April.

Read more

COFACE CHINA CORPORATE PAYMENT SURVEY: INCREASING RISKS IN SUPPLY CHAIN DISRUPTIONS AND RISING RAW MATERIAL PRICES

05/17/2022

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

Read more

CEE COMPANY INSOLVENCIES ON THE RISE

05/10/2022

• Corporate insolvencies in Central & Eastern Europe (CEE) increased in 2021, almost reaching pre-pandemic levels in most countries, after a drop of proceedings in 2020.
• Seven countries experienced a higher number of insolvencies (Bulgaria, Czech Republic, Hungary, Lithuania, Poland, Romania and Slovakia), and five countries recorded a decrease (Croatia, Estonia, Latvia, Serbia and Slovenia).
• Due to COVID support measures being phased out and the consequences of the Russia-Ukraine war, CEE corporate insolvencies are expected to rise in the coming quarters.

Read more

War in Ukraine: Many (big) losers, few (real) winners

05/05/2022

More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.

Read more
All the news

Key figures

€1,568 M of turnover in 2021
 4,540 employees worldwide
 100 countries offering our services
 €540 B of receivables guaranteed
 50,000 customers
 16 economists producing studies
 40 Studies released every year
 340 credit analysts
 410 claims and recovery managers
 €223.8 M Net profit in 2021
All the key figures

STAY INFORMED!

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