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11/02/2022
Country risk and economic studies

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10/25/2022
Country risk and economic studies

Coface 2022 political and social fragility indicator

While the sources of economic uncertainty are legion, new political disturbances could be added to their ranks. For several years now, political risk has been a recurring theme in the news, taking various forms: rising populism, social unrest, conflicts, terrorism, and protectionism. The new geopolitical landscape opened up by Russia's actions could reawaken risks in other global hot spots. In addition, price pressures, particularly on basic goods, continue to fuel frustrations, building on those generated by the economic and health crisis triggered by the pandemic.
Coface is today sharing the results of the update of its social and political fragility index. This index has, admittedly, fallen from the record level reached last year, but still suggests a high risk environment. And while the focus naturally shifts to the risks of unrest in emerging countries, the advanced economies are not expected to be spared from this upsurge in social tensions.

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10/18/2022
Country risk and economic studies

“A COLD CHILL ON THE GLOBAL ECONOMY” Q3 2022 BAROMETER

Beyond the repercussions of the war in Ukraine, the global monetary tightening and the multiple constraints on Chinese growth paint a gloomy outlook. In the short term, the economy seems to be settling into a regime of "stagflation", where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.

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09/22/2022
Country risk and economic studies

Coface’s Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis

While the difficult economic situation took its toll, the 6th edition of Coface’s survey on corporate payment experience in Germany indicates that the impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.

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09/13/2022
Country risk and economic studies

COFACE STUDY: INSOLVENCIES IN ROMANIA INCREASED BY 16% IN THE FIRST SEMESTER OF 2022 COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR

The latest Coface Romania study shows that in the first semester of 2022, 3,510 new insolvency proceedings were opened, up by 16% compared to the previous year, and 6% above the level before the Covid-19 pandemic. Financial losses caused by insolvent companies in the first half of this year reached 2.7 billion lei, up by 36% compared to the similar impact in the same period last year, and almost at the same level as all the losses generated by companies that entered into insolvency in 2020.

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08/03/2022
Corporate news

Alina Popa appointed new Country Manager of Coface Romania

Coface Romania has a new Country Manager as of August 1st. Alina Popa takes over the management of the company from Eugen Anicescu who held this position since 2016. The appointment from within the organization reconfirms the solidity of the local team and its potential to strengthen the Coface brand.

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06/23/2022
Country risk and economic studies

A recession to avoid stagflation? The world economy at a crossroads - Coface Barometer Q2 2022

Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global geo-economic balance. In the short term, the war is exacerbating tensions in a production system that has already been damaged by two years of pandemic and is heightening the risk of a hard landing for the world economy: while the latter seemed to be facing the threat of stagflation a few weeks ago, the change in tone of the central banks, faced with the acceleration of inflation, has resurrected the prospect of a recession, particularly in the advanced economies.

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06/07/2022
Corporate news, Product news

COFACE ROMANIA CELEBRATES 15 YEARS OF ACTIVITY ON THE COMMERCIAL CREDIT INSURANCE SEGMENT

Coface, a top provider of integrated credit risk management services, marks 15 years since the launch of the commercial credit insurance division on the Romanian market. In this context, the company launches EasyLiner, an insurance product dedicated to SMEs, adapted to the new requirements of the market. Coface thus continues to support companies in their development.

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06/07/2022
Corporate news

UI Refactoring with Angular

The community’s accepted opinion about the tech stack sustaining the systems and platforms of the financial and insurance companies is that they are quite old, heavy, deprecated, while the change culture within the companies is often missing or, when the change occurs, has to overcome stubbornness and the comfort’s inertia of the existing people working in the company.

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05/31/2022
Corporate news

COFACE AND AL RAJHI TAKAFUL ENTER A STRATEGIC PARTNERSHIP IN CREDIT INSURANCE

This partnership recognizes Coface’s global expertise as a credit insurer as well as its 75 years of experience and its extensive network in 100 countries. It allows Al Rajhi Takaful to strengthen its position on the Saudi market by further enriching its suite of insurance solutions. Saudi companies will have access to new innovative products & services, allowing them to develop their trade efficiently by preventing and managing non-payment risks. The agreement also allows Coface to expand its footprint, providing its global clients with tailor-made solutions for their subsidiaries across Saudi Arabia.

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05/24/2022
Country risk and economic studies

Medium & long-term knock-on effects of the war in Europe on global sectors trends: will there be resilient sectors?

Even though we see disparities according to companies’ position in the supply chain or geographic location, all 13 sectors studied by Coface will keep on being impacted by the knock-on effects of the war in Ukraine, directly or indirectly, in the medium to long term. Most sectors are expected to be affected by a context of high commodities prices & supply issues exacerbated by the war. This is notably the case for high oil prices that are likely to keep on being fueled by the spillover effect of the ban on Russian oil announced last week by the EU commission; as well as for cereals (Ukraine, Russia & Belarus being large cereal producers). In a context of ongoing disruptions in semiconductors supply, and still spillover effect of the COVID pandemic as shown by the Shanghai port lockdown, the longer the war lasts, the more likely it is that a demand shock will materialize, making the global environment even more adverse.

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05/17/2022
Country risk and economic studies

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

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.

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05/10/2022
Country risk and economic studies

CEE COMPANY INSOLVENCIES ON THE RISE

• 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.

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05/05/2022
Corporate news

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

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.

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04/05/2022
Corporate news

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

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.

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03/09/2022
Country risk and economic studies

Economic consequences of the Russia-Ukraine conflict: Stagflation ahead

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.

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02/24/2022
Country risk and economic studies

COFACE STUDY: INSOLVENCIES IN ROMANIA INCREASED BY 10% IN 2021 COMPARED TO THE PREVIOUS YEAR

The latest Coface Romania study shows that in 2021, 6,113 new insolvency proceedings were opened, up by 10% compared to the previous year, but still below the level registered before the local impact of the Covid-19 pandemic. The losses of the companies that went into insolvency registered an accelerated growth. The number of employees reported by the insolvent companies in the analyzed period is 30,000.

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02/24/2022
Country risk and economic studies

The global recovery continues in 2022, but a bumpy road lies ahead – Coface Barometer Q4 2021

Two years after the onset of the pandemic, the global economy continues to recover, but still faces significant challenges. After the lull in the 3rd quarter of 2021, Omicron has highlighted the unpredictability of the pandemic and exacerbated one of the main factors affecting the recovery: disruptions in supply chains. The other major risk is the lasting inflation slippage.

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01/25/2022
Country risk and economic studies

Survey on the payment behavior of companies in Morocco in 2021: shortened delays but still widespread late payments

According to the study conducted by Coface in 2021 on the payment behaviour of companies in Morocco , contractual payment terms in the country remain long, reaching an average of 79 days. However, they have improved significantly, with a shorter duration of about 14 days compared to the previous survey conducted in 2019.

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01/14/2022
Corporate news, Corporate news, Product news, Product news

COFACE LAUNCHES "GLOBALINER", ITS NEW OFFER DESIGNED TO BETTER MEET THE NEEDS OF MULTINATIONAL COMPANIES

Thanks to a unique international network, a presence in over 100 countries and 75 years of experience in servicing exporting companies, Coface today accompanies more than 600 large clients and is the credit insurance world leader for multinationals. Coface Global Solutions, dedicated structure and teams were set up in 2012 to provide this type of clients with a central access point to Coface while benefiting from the service and local skills of the teams.

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11/22/2021
Country risk and economic studies

How did CEE Top 500 companies perform during the pandemic?

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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