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Alongside businesses to protect them against unpaid invoices

At Coface, our main mission is to insure businesses – from SMEs to multinationals - against unpaid invoices, which can undermine their activity. In this way, we have designed a range of credit insurance solutions covering 4 key requirements expressed by businesses for export: insuring their sales, financing their development, covering their risks on a case-by-case basis and evaluating markets.
 
This “made by Coface” protection is based on a powerful prevention system: our experts work around the globe to analyse the financial strength of businesses and anticipate payment arrears. Through this continuous review, we provide feedback on all or part of the customer portfolio, complementing and partnering with businesses. 
 
Our in-depth knowledge of buyers and the markets enables us to offer bespoke advice and services, in addition to taking action quickly when risks of unpaid invoices materialize. This responsiveness is possible thanks to the unique close ties established with our customers, backed by our presence in 99 countries. In Romania, the underwriting division along with specialized brokers nationwide and a dedicated Key Accounts team in Bucharest and also in Cluj, keep us alert and help us to be proactive and anticipate risky situations.
Coface is the only provider of integrated credit risk management services in Romania. In addition to credit insurance, Coface offers factoring, business information production and receivables management services in some countries.

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News

COFACE PUBLISHES CEE TOP 500 COMPANIES: How do the biggest companies bounce back from the pandemic?
11/02/2022

• 2021 – a favourable environment for Central and Eastern Europe with 5.7% GDP growth after a recession of -3.7% in the first year of pandemic
• Top 500 players: increase in turnover, net profits and employment, due to the recovery from the slump of activity
• Sectors: the reliable backbone oil and gas comes in first in the top 500 followed by automotive & transport and non-specialized trade
• Poland is home to the largest businesses in the region with an increasing aggregated turnover by 26% in 2021 compared to previously

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Coface 2022 political and social fragility indicator
10/25/2022

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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