Novosti

Šta je novo?

24.01.2017.
Ekonomske publikacije
Ekonomski uspon u lice neizvesnosti

Starting with falling oil prices and financial markets in the winter, the Brexit referendum in the summer and the election of Donald Trump in the autumn, 2016 was punctuated by a series of upsets. Can we hope for more calm – or even improvements in 2017?
Although the end of 2016 was marked by the upsets in the US, with the unexpected outcome of the US presidential elections and the Fed’s long-awaited raising of key lending rates, neither of these events triggered a collapse in the financial markets. In emerging economies, there has even been a detectable uplift in recent months – but can this last?
The fog of uncertainty dominating the economic sphere is unlikely to lift in 2017. The forecasts on the repercussions of the events of 2016 remain unclear.
Among these uncertainties are (i) the as yet unknown and unpredictable policies of Donald Trump, both internally and in terms of spillovers (such as the impact on Mexico, where activity is already slowing, with a lowering of Coface’s assessment to B); (ii) the lack of visibility on the future of the United Kingdom, where the terms of its exit from the European Union are yet to be defined; and (iii) the dominance of political risks linked to upcoming elections1 (namely in the Netherlands, France and Germany). In addition to these undetermined risks, are “conventional” hazards, such as concerns over the slowing and rebalancing of economic activity in China and questions on how quickly the prices of raw material will rise. One new factor, however, will be the expected return of inflation, if only as a mechanical reaction from the reaching of the lowest point for raw materials prices in 2016, and even though domestic demand remains relatively restrained.
Despite these risks a number of countries (such as Spain which has been upgraded to A3) are back on track. In Central Europe, Estonia, Bulgaria, Serbia and Hungary are continuing to see their risk assessments improving. In Africa, Ghana (upgraded to B) and Kenya (to A4) are looking more positive, while there are continuing rays of hope for Brazil and Russia. Other countries have adopted good resolutions for the new year. Clearly, voluntary and often painful adjustments will need to be made, but the outlook for the medium term looks much sunnier. Following a difficult year, Argentina, looks likely to start harvesting the fruits of its labours (hence the raising of its assessment to B). Subsequent to a devaluation of its currency and the receipt of an IMF loan, Egyptian companies are expected to see an easing of payment problems, even though a slowdown in growth is anticipated. Turkey, however, remains on watch, as does South Africa, (which has been downgraded to C). Finally, this is the first time since June 2015 that Coface has upgraded more assessments than downgraded.

Sve publikacije Coface

24.01.2017.
Korporativne publikacije

Procena rizika po zemljama - januar 2017 za poslednju četvrtinu 2016. godine

Despite the recent economic upturn, uncertainties will continue to dominate the global economic climate this year.

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16.09.2016.
Ekonomske publikacije

Panorama: Poljska, pad nelikvidnosti zbog fer ekonomskog rasta

Poland has seen a slowing of its economy this year, compared to 2015. Nevertheless, growth is still continuing at a fair rate and, in fact, remains at a level which many other economies can only dream of.

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14.09.2016.
Ekonomske publikacije

Panorama: Francuska, rast na pauzi

French growth has taken a time-out in Q2. The political uncertainties in the United Kingdom, the strikes in May and the floods affecting Ile-deFrance are all likely suspects responsible for this surprise halt. However, the figures are expected to recover in Q3.

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09.09.2016.
Ekonomske publikacije

Poljoprivredni proizvodi u Severnoj Africi: strateški sektor u milosti prirode

The importance of the Agrobusiness sector varies between the different North African economies. While on a regional level, the sector leads exports, on a country basis it differs. In Morroco, agribusiness benefits from government subsidies, as it contributes nearly 16% of GDP and provides employment for 40% of the population. Overall, across the main north African countries, the lowest level of risk is in Morocco...

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31.08.2016.
Ekonomske publikacije

Coface objavljuje Top 500 kompanija CIE

Najveći igrači uživaju u pogodnostima povoljnih uslova poslovanja u Centralnoj i Istočnoj Evropi

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31.08.2016.
Ekonomske publikacije

Američki farmaceuti su uživali u suncu. Da li je sada vreme da izvade kišobrane?

Despite having the highest healthcare expenditure of all industrialised nations (17.1% of GDP in 2013), the US public health outcomes are being outperformed by other advanced nations.

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26.08.2016.
Ekonomske publikacije

Nemačka: Pregled plaćanja korporacija za 2016. godinu - za sada je sve u redu, ali problemi leže u detaljima

2016 marks the first time Coface has carried out a payment survey for Germany. This follows on from other surveys presented this year for (...)

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09.08.2016.
Ekonomske publikacije

Kineska ekonomija: pobednici i gubitnici po sektorima

In the light of the on-going structural reforms, the "tale of two Chinas" is resulting in sector wise winners and losers, linked to their growth potential in the medium and longer term, government policies and structural demand.

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02.08.2016.
Ekonomske publikacije

Barometar: Procena rizika u svetu po sektorima, jul 2016. godine

Coface updates its risks outlook for 12 business sectors in 6 regions every quarter.

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18.07.2016.
Ekonomske publikacije

Podsaharska Afrika: pogođena ali ne tone

Sluggish global growth, characterised in particular by China's loss of momentum, shock to commodity prices… Sub-Saharan Africa has not been spared in the global tempest and seeks to maintain growth against wind and tide. The commodity producers are the most affected.

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13.07.2016.
Ekonomske publikacije

Nelikvidnost u Centralnoj i Istočnoj Evropi

Companies in the Central and Eastern Europe region reported solid economic growth rates as well as more structured growth last year.

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30.06.2016.
Ekonomske publikacije

Country Risk Barometer Q2 2016 - China and the United States, two giants with feet of clay

The global economy remains stuck in a "Japanese-style" trap of sluggish growth, despite ever more expansionary monetary policies

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29.06.2016.
Ekonomske publikacije

Procena rizika po zemljama za drugu četvrtinu 2016. godine

Coface helps you to assess business risks in 160 countries - Download our worldwide country risk assessment map.

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17.06.2016.
Ekonomske publikacije

Poslovna nelikvidnost u severnoj Evropi: sporiji trend opadanja u 2016. godini

Bankruptcies drastically decreased in almost all countries in the region during the course of last year - especially in the four Northern Europe Region (NER) countries we focus on in this panorama, namely Germany, the Netherlands, Sweden and Denmark.

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31.05.2016.
Ekonomske publikacije

Azija: Pregled plaćanja u korporativnom sektoru

Coface conducts an annual survey to examine corporate payment trends and experiences in 8 selected economies in the Asia Pacific region.

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26.05.2016.
Korporativne publikacije

Izveštaj: Coface aktivnosti u 2015. godini

Whatever their size, nationality or sector, we inform our customers about current market issues to assist them in controlling their financial risks.

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17.05.2016.
Ekonomske publikacije

Brazil: zemlja u dubokoj recesiji gleda s rezervom prema prvim koracima nove vlade

Brazil entered into a technical recession in the second quarter of 2015. Its economy contracted by 3.8 % in 2015 (...)

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09.05.2016.
Ekonomske publikacije

Mađarska: pravna lica na početnoj tački za održivi rast?

Hungary is performing well, considering the context of struggling economies globally.

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12.04.2016.
Korporativne publikacije

Studija o naplati potraživanja na kineskom tržištu

Od 2003. godine , Coface u Kini sprovodi godišnje ankete vezane za iskustva u naplati. U 2015. godini, prosečni uslovi kreditiranja koje nude kompanije koje imaju sedište u Kini ponovo su u opadanju, što se odražava promišljenijim pristupom u davanju kreditne olakšice kupcima. Iskustva vezana za ukupna plaćanja u Kini su se pogoršala i ostala kao veoma izazovna u 2015. godini. Ovo se može videti iz odgovora preko 80% ispitanika u anketi sa problemima prezaduženosti, 58,1% sa povećanjem zaduženosti tokom protekle godine i 17,9% sa dugoročom prezaduženošću (preko 180 dana), koja prelazi 5% svog godišnjeg prometa.

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04.03.2016.
Ekonomske publikacije

Nemačka: Sigurna unutrašnja, rizična spoljna ekonomija

Rizik za nemački izvoz značajno porastao

Veći izvozni rizik sa kojim se suočavaju nemačke kompanije ometa rezultate rasta. Budući da Nemačka ima jake trgovinske veze sa grupom rastućih tržišta i ekonomija u razvoju, veoma je izložena strukturnim i cikličnim slabostima u okviru ovih ekonomija. „Ovi spoljni uticaji su trenutno negativni, jer se rast izvoza u rastuća tržištasmiruje i sada je mnogo slabiji od potražnje iz razvijenih ekonomija“, objasnio je dr Mario Jung, regionalni ekonomista za region Severne Evrope u kompaniji Coface.

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