Tag "Euler Hermes"
The number of corporate insolvency proceedings is increasing
In Hungary, corporate insolvency indicators improved dramatically between 2015 and 2020, with the number of proceedings falling by less than half, from 9,545 to 4,293 in five years, but this...
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The state of play in Hungarian retail
Tünde Bujdosó, risk director of Euler Hermes told our magazine that the GDP decreased by 5.1 percent in 2020, and individual consumption dropped 2.5 percent – after the 4.2-percent growth...
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Euler Hermes: what is happening in Hungarian retail?
While total retail sales declined 0.2 percent in 2020, food trade, which accounts for half of total sales, grew 3 percent year-over-year despite the pandemic. Significant lifestyle changes have also...
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A good basis for this year’s growth in retail turnover is the increase in household savings, according to an analysis
As retail savings grew in 2020, it could be a good basis for retail growth in 2021, Euler Hermes, a credit insurer, told MTI in its latest forecast on Tuesday....
Read moreTop financial managers in Western Europe are depressed after the pandemic
While at the beginning of the year the financial managers of Western European companies dealt with development investments and reported good profit prospects this year, now securing the funds needed...
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More than 150,000 European textile jobs have been put at risk
More than 150,000 jobs have been put at risk in the European clothing and textile industry as a result of the coronavirus pandemic, according to a recent study by credit...
Read moreEuler Hermes: How many companies can become insolvent this year
Due to the brutal economic shock caused by the pandemic, the number of corporate insolvencies will increase by 20-25 percent globally this year, but each economic region will suffer from...
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Euler Hermes expects recession and inflation in Hungary
Analyzing the economic impact of the coronavirus pandemic, Euler Hermes downgraded 126 sectors in 47 countries. The credit insurer expects a worse scenario and an even worse scenario depending on...
Read moreHuge losses are expected in world trade
Coronavirus will cause 320 billion USD quarterly losses in global trade, with European tourism losing 53 billion USD, the situation could improve in the second half of the year, predicts...
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New risk factors have emerged in the agricultural sector
New, hard-to-model risk factors have emerged in the global agricultural sector, such as the intensification of climate awareness, rapid changes in consumer habits, or the US-China trade war. In Hungary,...
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The optimistic sentiment in the feed market may end
The Hungarian feed industry is prospering, but storm clouds are gathering. Animal health risks are constantly present and market players are prepared to deal with them, but as Bujdosó Tünde,...
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Economic Outlook 2019: Reaping the whirlwind
The eye of the cyclone A cyclone is brewing in the global economy. The US – with its erratic policy-making causing major shocks of uncertainty – is in the eye...
Read moreEuler Hermes: prosperity continues in food retailing
Growth in consumer demand drives the growing sales of retail chains, but a number of risk factors are gaining momentum in the Hungarian market – the latest industry analysis of...
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What will 2018 bring? Risk analysis sector by sector
Credit insurance company Euler Hermes analysed five key sectors at the end of last year – the automotive industry, building and construction, freight forwarding, the food industry and retail trade. As...
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