Coface

In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm with government support measures during the…

The latest Coface Romania study shows that 6,650 new insolvency procedures were opened in 2023 compared to 6,649 in 2022. The refused payment instruments increased both in value (+37%) and in number (+17%) compared to 2022, but below the…

The challenges for businesses in the CEE region initially involved ongoing difficulties across various sectors despite the recovery from the impacts of the Covid-19 pandemic. “Then, the region was hit by Russia's full-scale invasion of…

The good news at the start of 2023 quickly gave way to hints that the end of the year would be far less promising. Over and above the risks that have already been mentioned many times, some of which continue to intensify (financial…

The latest Coface Romania study conducted a month ago shows that in H1 2023, 3,358 new insolvency proceedings were opened, down by 4% compared to the same period of last year. A decrease is also seen in the case of losses caused by…

The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers were expecting. The 1st half of the year has reinforced some of our convictions: no, inflation will not spontaneously and…

A Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. The report also points out that…

The Central and Eastern European (CEE) region has undergone significant economic changes over the past three years. A great heterogeneity, various support measures and legal changes have impacted significantly the insolvency trends. The…

In early April, Saudi Arabia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman announced combined oil output cuts of more than 1.1 million barrels per day (b/d), surprising the markets. This commitment follows a first…

Although the agreement concerning the cereals transit in the Black sea, first negotiated between Ukraine and Russia under the aegis of Turkey, then renewed in March, has contributed to ease the pressure on cereals supply, its effects are…