insolvencies

The Euler Hermes analysis expects that insolvencies in the construction sector in Europe will increase by 14-24% in 2020, with Spain and France reaching the top, while the United Kingdom is at the opposite pole. Analysts expect the number…

The economic consequences of the COVID-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in…

At first, the COVID-19 epidemic in China only affected a limited number of value chains – but it has since turned into a global pandemic. Its repercussions have created a double shock – supply and demand – that is affecting a large number…

Last week, policy makers stepped up, as containment measures could cost between 0.7pp to -3.0pp of GDP growth depending on the country and the severity of the lockdowns, an Euler Hermes-Alliance research points out. Next to steps aimed at…

The majority of insolvencies were registered in the wholesale and distribution sector followed by the constructions and retail sectors. The most recent Coface Romania study shows that in 2019 there were 6,384 insolvent…

The upward trend in business insolvencies continued in 2019 for the third time in a row: +9% y/y, according to Euler Hermes Global Insolvency Index, which covers 44 countries that account for 87% of global GDP This year, business…

A new survey conducted by Coface Romania on the evolution of insolvencies in Romania in H1 2019, points out a 33% decrease in the number of insolvent companies during this period, in the context of a real and sustainable economic growth of…

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to EUR 2,705 million and volume-driven growth spread across most regions. Operating profit increased by 17% to EUR 431 million, due to a combination of…

The number of insolvencies has increased five-time in Romania in the past ten years after the financial crisis, according to latest statistics released by CTIR (former Casa de Insolventa Transilvania) on Tuesday. Most affected companies are…

The number of insolvent companies and authorized individuals (PFAs) grew by 19.31 percent in Q1 compared to the similar period of 2017, to 2,305, according to National Trade Register Office (ONRC) data. Most of the companies and PFAs in…