Coface: Insolvency situation in the region has deteriorated
After declining in 2020, the number of corporate insolvencies increased in 2021 in Central and Eastern Europe (CEE), almost reaching pre-epidemic levels in most countries, according to a recent analysis by credit insurer Coface. The number of insolvency proceedings increased in seven countries in the region – in addition to Hungary – in the Czech Republic, Lithuania, Poland, Romania and Slovakia – and in five countries – Croatia, Estonia, Latvia, Serbia and Slovenia. According to credit insurance experts, the number of corporate insolvencies in Central and Eastern Europe is expected to increase in the coming quarters due to the phasing out of support measures during the pandemic and the consequences of the Russia-Ukraine war.
Related news
Unilever sells Russia and Belarus operations to Arnest Group
Arnest Group is a local manufacturer of perfume, cosmetics and…
Read more >Russia’s X5 Retail Group Highlights Worker Shortage As Key Challenge
Labour shortages will be a major challenge for Russia’s largest…
Read more >Adygeland welcomes foreign tourists despite the sanctions
The Republic of Adige in the North Caucasus wants to…
Read more >Related news
Black Friday: GVH warns of the importance of conscious shopping before the sale season
Although the official Black Friday will only take place on…
Read more >MOHU spoke up about the DRS limit
As of October 26, the MOHU reduced the amount available…
Read more >NGM: 1.5 million guests rested in our country in September, the performance of tourism continued to increase
Based on the data of the Central Statistical Office (KSH)…
Read more >