Author: Astreos News

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2019 Country Focus: Australia

  |   Networks News

Prasidium Established in February 2015, Prasidium is Australia’s largest independent specialist credit insurance broker. With offices and 11 staff members in Sydney, Melbourne, and Brisbane, we manage policies in every state of Australia along with New Zealand. We place in excess of $15m of trade...

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Astreos welcomes a new partner in UAE: Nexus

  |   Networks News

Established in 2006, with a strong presence in the GCC, Nexus operations are located in Dubai, Abu Dhabi, Qatar and the Kingdom of Bahrain. The capabilities of Nexus in the trade credit space are enhanced by a wide exposure to all these markets and through the support of our experienced staff. With...

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2019 Country Focus – The United Kingdom

  |   Networks News

In the UK it is, of course, impossible to escape the ‘B word’. Every newspaper, TV report and most conversations with clients and underwriters feature at least some Brexit comment. Theresa May’s resignation, less than three years after she assumed responsibility for delivering Brexit, has...

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2019 Country Focus – Canada

  |   Networks News

With the first half of 2019 nearly behind us, we witnessed a lot of positive developments along with challenges that we expect to continue for the balance of the year. To summarize the economy is slowing and with it, demand for our product and expertise...

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2019 Country Focus – Russia

  |   Networks News

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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2019 Country Focus – Poland

  |   Networks News

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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2019 Country Focus – Austria

  |   Networks News

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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Global Insolvency Outlook 2019

  |   Insights and publications

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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Turkey – Currency crisis

  |   Insights and publications

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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