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Coface CEE Top 500 - 2023

The 15th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover.

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Gulf Cooporation Council: A real winner of the global economic headwinds?

After a slowdown in 2023 mainly due to lower energy production and prices, 2024 is expected to be a year of higher economic growth for the Gulf Cooperation Council (GCC) countries as, after several months of pessimism about global oil demand, prices have been on the rise since summer. But all countries are not equal…

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Country and Sector Risk Barometer Q3 2023: Macroeconomics put to the test by microeconomic deterioration

All the leading indicators point to a sharp slowdown in activity in North America and the Eurozone towards the end of the year, and the recovery of the Chinese economy has rapidly collided with structural weaknesses and a lack of confidence among households and businesses. In this context, we have modified 7 country risk assessments (2 upgrades and 5 downgrades) and 33 sector risk assessments (17 upgrades and 16 downgrades).

More in our latest barometer.

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COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating - IFSR) for Coface to A1 from A2. The agency has also changed the outlook for Coface to stable from positive.

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Coface launches API Portal, a new digital platform dedicated to API solutions

This portal offers Coface’s customers a complete suite of API solutions developed by Coface to enable them to integrate its services, expertise and unique data directly into their business ecosystem.
This initiative illustrates Coface's willingness to provide higher connectivity to its customers via advanced digital solutions designed to optimise credit risk management.

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On the way back to the bad old times in 2023's Germany Payment Survey

Although payment behaviour remains in a relatively good shape even after this deterioration, companies are very pessimistic about their business outlook.

Learn more in our full publication.

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Coface confirms its very good start to the year with first-half net income of €128.8m

Over the past quarter, Coface’s results amounted to €68m, a high level reflecting good management of the higher loss experience and tight cost control, with a combined ratio of 65.5% under the new IFRS 17 accounting standards.

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Towards more predictive risk management with Data Science

Coface uses advanced Data Science technologies such as Artificial Intelligence, Machine Learning and predictive analysis to better anticipate commercial risks for the benefit of its customers.
Click for more information.

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El Niño, a threat to global agriculture

The El Niño weather phenomenon, which is due to return in the 2nd half of 2023, is set to amplify the effects of climate change. Coface's forecasts point to major uncertainties for certain agricultural commodities (cereals, sugar, palm oil, citrus fruit) in the medium term, and significant risks for food security in certain regions of the world. Read our press release here.

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Debt sustainability in Africa under the spotlight again

The successive shocks linked to the COVID pandemic and the war in Ukraine have had a clear negative impact on African economies. They have revealed, materialized and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political and social ramifications, are the chief hallmarks. Read our press release about it here.

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Transport sector: Recovery takes hold for air transport

While the global macroeconomic outlook remains uncertain, the transport sector has recorded the highest number of risk assessment upgrades in the latest Coface barometer.
Read our expert's analysis now.

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Asia: companies experience fewer payment delays in our latest Survey

The Asia Corporate Payment Survey provides insights of about 2,300 companies across the Asia Pacific region. Asian companies experience fewer payment delays and are rather optimistic despite multiple headwinds ahead.

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How Coface uses advanced Data Science to help businesses

Artificial intelligence, massive data analysis, Machine Learning, predictive analytics and modeling, Deep Learning and Image Processing… Coface uses a whole set of advanced Data Science technologies to design new solutions for its clients. Check them out!

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Agricultural commodities under pressure

High production costs, trade tensions and increased weather risks will continue to weigh on global agricultural production in the months ahead.

Read our outlook on agro-food sector

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Coface records a very good start to the year with a net income of €61.2m

Coface releases its Q1-2023 financial results: a very good start to the year with a net income of €61.2m

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Decreasing inflation, decreasing margins?

While one might have expected that the sharp rise in commodity prices over the past two years would have lowered corporate margins, the opposite has occurred: since the end of 2020, the margin rate of non-financial companies has risen by more than one point in the euro zone. Read the article by our Chief Economist Jean-Christophe Caffet.

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US: Economic resilience could be further tested by a debt ceiling showdown

The United States could run out of cash as early as June 1 if Congress does not suspend or raise the debt ceiling. The consequences could be a challenge for the US economy. Read our expert's analysis.

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7 tips for effective credit management and avoid business risks

Preventing delinquencies or collecting receivables immediately is critical to the survival of many companies. To help you gain insight into your own credit management and improve your business risk prevention, here are 7 tips to better protect your business.

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Numerous challenges for companies in cee result in an increased number of insolvencies

Corporate insolvencies in Central & Eastern Europe (CEE) increased in 2022 due to high prices when it comes to energy, inputs, series of prompt interest rate hikes, the highest inflation in decades and the uncertainty related to the war in Ukraine.
Eight countries experienced a higher number of insolvencies (Bulgaria, Croatia, Hungary, Latvia, Lithuania, Poland, Romania and Serbia), and four countries recorded a decrease (Czech Republic, Estonia, Slovakia and Slovenia).
After a drop in insolvencies in 2020, proceedings increased in 2021 and accelerated in 2022.

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A further tightening of the oil market

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 production cut announced in October 2022 by OPEC+. It comes in addition of Russia's decision to cut output by around 500,000 b/d in reaction to the implementation of a EU ban on seaborne imports of Russian oil and oil products.
Read our press release here for more.

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