Coface

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…

On February 6, the south eastern provinces of Türkiye were hit by earthquakes that killed over 40,000 people in Türkiye and Syria. This toll, far from being definitive, could double according to the United Nations. Millions of people are in…

The latest Coface Romania study shows that 6,531 new insolvency proceedings were opened in 2022, up by 7% compared to 2021, and 2% above the level before the Covid-19 pandemic. The losses caused to creditors in 2022 by insolvent companies…

The year 2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Efficiency gains and the slowdown in activity have led to a sharp drop in energy prices and thus a welcome…

The year 2021 brought a favourable environment for both economies and the largest businesses in Central and Eastern Europe (CEE). Although still faced with challenges from the Covid-19 pandemic, economic activity has recovered from the…

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…