News & Publications

News & Publications

News

How did CEE Top 500 companies perform during the pandemic?

11/22/2021

The 13th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover. This edition describes the struggles of the new Covid-19 pandemic environment as well as how companies adjusted to this new situation. Jarosław Jaworski, CEO of Coface Central and Eastern Europe, explains that “the CEE economies have adapted to the new, pandemic environment, but its positive picture is challenged by the global and European perspective. Central and Eastern Europe’s 500 largest businesses faced a decrease in revenues and an even sharper drop in profits in 2020.” The Top 500 companies' turnover has dropped by 3.3% to 667 billion euros. Average turnover contracted to 1,333 million euros compared to last year’s 1,378 million euros, showing the impact the pandemic has had on the region, but also its resilience and growth potential.

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COFACE ACHIEVES RECORD NET INCOME OF €67.7M IN THE THIRD QUARTER

10/29/2021

Turnover of first nine months: €1,158m, up +7.9% at constant FX and perimeter, and up +8.9% in Q3-2021
Trade credit insurance premiums increased by +9.3% due to growth in activity on the back of the economic recovery and past price adjustments
The price effect was positive over nine months (+1.6%) but pricing has been negative for the past two quarters
Information services growing +13.4% year-to-date and +18.0% in Q3-2021

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Barometer Q3 2021: Supply chain and inflation headwinds hamper the global recovery

10/26/2021

More than 18 months after the global recession triggered by the COVID-19 pandemic started, the economic recovery continues. This trend owes much to progress in the vaccine rollout over the summer, particularly in advanced economies. In turn, this is spurring a rebound in consumption of high-contact services. The situation remains heterogeneous in emerging economies: this rebound is benefitting export-oriented countries, while service-dependent economies continue lagging.

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Has the global retail sector returned to normal?

10/12/2021

The retail sector’s activity has been affected by the COVID crisis through social distancing measures and closure of stores. However, the effect of the pandemic on the sector greatly varies across countries and segments. While some countries did experience lower retail sales in 2020, the effect was null in others and even positive in Northern European countries. The impacts are also different according to the segments, clothing stores being the most affected.
Overall, COVID should have a limited impact on the retail sector and the most impacted segments are expected to recover as soon as the situation eases. However, maritime freight disruptions, which cause supply issues and higher inflation, could be an obstacle to the full recovery of the retail sector in 2021.

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New wave of post-pandemic social movements: international trade as collateral victim

10/05/2021

While the restrictions linked to the COVID-19 pandemic put a temporary stop to the upsurge of protest movements, a new wave is on the horizon. Protests, mainly in emerging countries, are expected to increase due to an unprecedented deterioration of socio-economic indicators. In 2020, the Coface social and political risk indicator reached a record of 51% worldwide, and 55% in emerging countries.

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