Macro overview Another difficult year has been left behind. Since 2014, Russia has been living under sanctions pressure and, it seems, everyone already understands that this is for a long time to come. But, despite all the problems, business is gradually adapting to the new reality....
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Macro overview Due to a rapid GDP growth by 5,1% in 2018. Poland moved up to 23rd place in the ranking of largest economies in the World. Polish GDP touches 2,000 bn PLN (c.a. 470 bn EUR, current prices). Unemployment rate is at a 25-year low at 5.8% and still...
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Did you know that a pope once referred to Austria as an “Island of the Fortunate”? Well, 48 years later, corporate creditors will certainly agree. Welcome to Austria, where bills get paid faster than anywhere else in Europe. In fact, 75% of companies settle their invoices within 57 days –...
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In 2018, global insolvencies confirmed their upward trend which started in 2017 after seven consecutive years of sizable declines. Indeed, our Global Insolvency Index which covers 43 countries totaling 83% of global GDP is to post a +10% y/y increase for 2018, an estimation supported...
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The photo above shows exactly the competitive edge of China – "a lot of people". China is the second largest economy in the world and as such, its economic and trade environment is always at the focus of economists. Recently however, China has found itself even more...
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General Outlook On August 14th, Turkish Lira plunged to an all-time low of 1 USD = 6.95 TRY, losing more than 40% value since the beginning of the year. Since early 2018, financial markets began to sanction vulnerable emerging markets amid an ongoing withdrawal of global liquidity,...
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Spain has a new leader but many analysts believe he will not stay in power until the end of his mandate, potentially raising further uncertainty for the market. [vc_separator type="transparent"] Pedro Sanchez, the leader of the Socialist Party (PSOE) became prime minister on the 2nd of June....
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Discover the last publication of changes in number of Insolvencies, year over year by Atradius for 2018 and 2019 highlighting 4% decline in insolvencies across advanced markets in 2018 (5% for Eurozone following a decline of 6.7% in 2017). The expected global decrease of insolvencies for...
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Although smaller in size and with a feeble penetration rate, the Swiss credit insurance market is more diversified than many other countries, with no clear market dominance of any of the main credit insurers. That said however, the largest power shift in the market in...
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Euler Hermes published the analysis of the major insolvencies (companies with a turnover exceeding EUR 50m) on an international level for the first semester 2018: quasi-stable number vs. last year (+3 cases to 169) while cumulative turnover reached EUR62.3bn after increasing by +24% vs. H1-2017...
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