Spotlight

CEE Insolvencies 2022

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

04/27/2023

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.

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News

AM Best affirms Coface rating at A (Excellent) with a stable outlook

05/23/2023

Global credit rating agency AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of ‘a’ (Excellent) to Coface and its main operating subsidiaries. This rating reflects the agency’s belief in the strength of Coface group’s balance sheet, operating performance, business profile, and enterprise risk management.

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

05/22/2023

The United States could run out of cash as early as June 1 if Congress does not suspend or raise the debt ceiling.
As the deadline approaches and a political comprom Janet Yellen recently warned that the US could run out of cash as early as June 1st if Congress does not suspend or raise the debt limit. As a reminder, the debt ceiling is set at 31.4 trillion USD, an amount reached in January 2023. Since then, the federal government has relied to "extraordinary measures" to meet its obligations.

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Companies in China report shorter payment delays in 2022 and expect higher economic growth in 2023

05/23/2023

Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.

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7 tips for effective credit management and avoid business risks

05/15/2023

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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Key figures

€1,812 M of turnover in 2022
 4,536 employees
 100 countries offering our services
 €540 bn of receivables guaranteed
 €283.1 M of net profit in 2022
 160 Country assessments
 16 Economists producing studies
 40 studies released every year
 340 credit analysts
 75 75 years of experience
 410 claims and recovery managers
All the key figures

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Coface Central Europe Holding GmbH
 
Marxergasse 4c
1030 Vienna
AUSTRIA
 
T. +40/374 670 720
F. +43/1/512 44 15
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