Coface: deterioration in the region's solvency

After the improvement of 2011, the economic environment in the Central and Eastern European region became less favorable last year. Insolvency index increased everywhere except Latvia, Estonia and Ukraine – Coface’s fresh analysis states. In Hungary positive change occurred in only three industries, but as a surprise, the “risky” metal industry was among theses three.

The economic crisis still has a strong influence to the Central European countries. The insolvency index in these countries increased last year, the overall number of insolvency proceedings increased by 3.5 percent – turns out from the recent analysis of one of the world's leading credit insurer, the Coface, which examined the Central and Eastern European countries.