Tag "Coface"

Coface: the region’s mammoth companies achieved growth in difficult times

The countries of the Central and Eastern European region performed poorly last year: the region’s aggregate GDP grew by just 0.7 percent year-on-year, the weakest figure of the current century....

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Coface: Minimal GDP growth in the region, insolvency also increased

As a result of the economic downturn, the number of corporate insolvencies – i.e. liquidation and bankruptcy proceedings – increased dramatically in Central and Eastern European (CEE) countries during the...

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How stable are the biggest companies in these turbulent times? Mol is on the podium again

Although the companies have recovered from the negative effects of the coronavirus epidemic, at the beginning of the year the challenges of the Central and Eastern European region meant continuous...

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Coface: An unfavorable turn has occurred in the economies of the region, including in Hungary

While the number of insolvent companies decreased in the Central and Eastern European region in 2020, it increased in 2021 and then accelerated in 2022, according to the analysis of...

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Coface: The number of insolvency proceedings in Hungary has increased

Almost twice as many liquidation proceedings were initiated against Hungarian-based companies in 2022 than a year earlier, according to an analysis by Coface, one of the world’s largest credit insurers....

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Coface: what to expect on the Hungarian fuel market?

European countries have already faced rising inflation, but prices may get another boost – according to the analysis of the credit insurance company Coface, in which the development of raw...

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Coface reported a not very positive situation

In a short time, companies will be able to calculate the euro exchange rate above HUF 400 in their plans, which can throw up inflation. Although it has achieved one...

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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...

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Coface: Economy under double press: Russian-Ukrainian crisis could lead to stagflation

The escalation of the conflict in Ukraine and the invasion of the latter by the Russian military on 24 February has triggered turmoil in the financial markets, and drastically increased...

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Hungary has been upgraded by Coface credit insurance

Coface upgraded the Hungarian economy, so that instead of the previous A4, it now has an A3 rating, which is the same as in Slovakia, the Czech Republic and Poland,...

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Coface: could grow faster this year than previously expected in the global economy

The global economy could grow by 5.6 percent this year, up from the previously expected 5.1 percent, according to the latest forecast from credit insurer Coface. In the communication sent...

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Coface: the Hungarian economy may expand by 4 percent this year

After the economic shock caused by the pandemic, the world economy may expand by 4.3 percent in 2021, and Hungarian GDP may grow by 4 percent, according to the forecast...

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Coface: growth in the region may slow in the coming years

Although the Central and Eastern European region’s GDP growth is impressive at EU level, growth may slow in the coming years, with regional GDP rising by 3.6 percent in 2019...

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Coface: the Central and Eastern European GDP may expand by 3.6 percent this year and 3.2 percent next year

GDP in Central and Eastern Europe is growing at a slower rate than last year, with GDP rising 3.6 percent this year and 3.2 percent next year – according to...

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Coface: 71 Hungarian companies in the regional top 500

A total of 71 major Hungarian companies are listed on the list of the 500 largest companies in the region, which are listed on a yearly basis, and Hungary is...

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The number of large Hungarian companies grew in Coface’s regional top list

Last year, the 500 largest companies in Central and Eastern Europe achieved revenue of 580 billion euros, 0.6 percent less than a year before, their net profit declined by 3.1...

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Coface upgraded Hungary

Hungary has been upgraded by Coface. The credit insurer justified its decision because of the economic growth and the improvement of the business environment. According to Coface’s Thursday announcement, following...

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Coface: favorable prospects in the Central European Region

It is expected that the Central and Eastern European countries this year will reach a GDP growth excessing the economic performance of the Western European countries – the Coface’s international...

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Coface: the number of insolvent companies may reduce this year in Central and Eastern Europe

The number of insolvent companies may decrease by 5.3 percent this year in the Central and Eastern European region, due to more favorable economic environment – according to the recent...

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Coface: Hungarian companies achieved the highest growth among the regional companies

The Central and Eastern European region's five hundred largest companies last year generated revenues of 593 billion EUROS, which is a 4.2 percent increase in an annual comparison. According to...

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Coface: internal consumption is the engine of economic growth in Hungary

In Hungary, the engine of economic growth will be primarily internal consumption, mainly due to the decline in unemployment, the increase in disposable income – according to the fresh analysis...

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TOP 500 regional companies: Hungary is in the forefront in terms of revenue growth

The Central and Eastern European region's Top 500 companies generated a turnover of 572 billion euros in 2014, which exceeds even half of the aggregated 2014 nominal GDP of those...

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The Coface is expecting a 2.3 percent GDP growth in Hungary

This year, a 2.3 percent GDP growth is expected in Hungary. The Hungarian economy is only moderately affected by the strenghtening of the Swiss franc, due to the fixing fixing...

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