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CEE company insolvencies on the rise

Various economic conditions, support measures and legal changes have affected insolvency trends in the Central and Eastern Europe region over the last two years.

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3M-2022 Financial Results: a strong start to the year with a net income of €66.2m

Coface releases its 3M-2022 Financial Results: a strong start to the year with a net income of €66.2m.

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Coface increases its footprint in New Zealand with the opening of a local branch

Global Credit insurer Coface today announces it has opened a branch in New Zealand after receiving the approval from the Reserve Bank of New Zealand on 1 April.

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Economic consequences of the Russia-Ukraine conflict: Stagflation ahead?

The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. Since our last publication, the world has shifted, so have the risks.

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Barometer Q4 2021: The global recovery continues in 2022, but a bumpy road lies ahead

Two years after the onset of the pandemic, the global economy continues to recover, but still faces significant challenges. Download the Coface Q4 2021 Country & Sector Risk Barometer and its press release here.

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Morocco Corporate Payment Survey 2021: shortened delays but still widespread late payments

According to Coface's 2021 study on the payment behaviour of companies in Morocco, contractual payment terms in the country remain long, reaching an average of 79 days. However, they have improved significantly, with a shorter duration of about 14 days compared to the previous survey conducted in 2019.

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Examining the euro, 20 years on

To mark the 20th anniversary of the euro’s introduction into European wallets, Coface's economic research team has examined the effects that this change has had in macroeconomic terms.

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Barometer Q3 2021: Supply chain and inflation headwinds hamper the global recovery

As the Covid-19 situation begins to improve, notably with the implementation of vaccination campaigns, there has been a rebound in consumption, particularly in developed countries. For emerging countries, the economic recovery is benefiting export-oriented countries, but service-dependent economies are lagging behind. Read our in-depth analysis in our latest Country and Sector Risk Barometer.

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China will continue to expand its role as a main destination for Latin American exports at the expense of the U.S.

Coface observes that LatAm countries' foreign sales growth rates are expected to exceed their domestic demand expansion. Indeed the region's activity rebound should be lower than the global average recovery, and more specifically lower than the Chinese and U.S. recoveries. Therefore, sales to China and the U.S. should post a bright performance in 2021. In terms of significance for Latin American exports, China should continue to gain ground over the U.S.

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Has the global retail sector returned to normal?

The retail sector's activity has been affected by the COVID crisis through social distancing measures and closure of stores. However, the effect of the pandemic on the sector greatly varies across countries and segments. Check our study to know it all.

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New wave of post-pandemic social movements: international trade as collateral victim

While the restrictions linked to the COVID-19 pandemic put a temporary stop to the upsurge of protest movements, a new wave is on the horizon. Protests, mainly in emerging countries, are expected to increase due to an unprecedented deterioration of socio-economic indicators.

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Germany Corporate Payment Survey 2021: Learning to live with the pandemic

The 5th edition of Coface’s survey on corporate payment experience in Germany suggests that German companies have acclimatised to the pandemic environment, with more companies offering payment terms and a positive outlook from surveyed companies.

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UAE: a brighter outlook for 2021 after a difficult 2020

The UAE’s economy was hit by a double shock in 2020: the collapse in oil prices and the COVID-19 pandemic. According to preliminary estimates, the UAE’s economy shrank by 6.1% in 2020. However, the outlook is brighter for 2021. Coface expects growth at 3.1% thanks to a fast vaccination campaign, a sharp recovery of the global economy and the rebound in energy prices.

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Coface reports first-half net income of €123.2m, confirming an excellent start to the year

Coface reports first-half net income of €123.2m, confirming an excellent start to the year. Turnover: €768m, up 7.4% at constant FX and perimeter.

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Is the electric vehicle metals boom sustainable?

The metals used in electric vehicles, such as lithium, cobalt and copper, are at the heart of the revolution currently taking place in the automotive industry. But imbalances between supply and demand are pushing up their prices, even though the market share of electric vehicles remains modest. In its latest analysis, Coface does not foresee any major changes in these price trends over the next two years.

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Coface Barometer Q2 2021: A two-speed world

18 months after the start of the pandemic, access to vaccination is now the main factor setting the pace of people's daily lives and the global economy. GDP growth forecasts for 2021 have been revised upwards (+5.6%), but this is mainly the result of positive surprises from the United States. These improved growth prospects are reflected in world trade: after a 5% decline in volume last year, Coface forecasts an 11% increase for 2021.

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Asia Pacific: Corporate payment delay trend stabilized, companies see brighter outlook but risks and uncertainty remain

Coface's 2021 Asia Corporate Payment Survey provides insights into the evolution of payment behavior and credit management practices of over 2,500 companies across Asia Pacific during a pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia Pacific region.

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Focus on remote work: The Risks and Opportunities of Virtual Offshoring

Remote work has emerged as a new norm during the Covid-19 pandemic. This cultural shift could allow companies located in developed countries to hire teleworking talent in emerging countries to reduce their labour costs.

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China: rising payment risks in construction and energy sectors despite stronger economic outlook

Coface expects an increase in bond defaults and insolvencies in 2021, especially among sectors that accumulated higher cash-flow risks in 2020 amid a slowdown in credit growth.

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Germany: More insolvencies in the pipeline, despite significant aid

Insolvencies in Germany dropped significantly in 2020 compared to 2019 - despite the worst recession since 2009.

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