News

Asia Corporate Payment Survey 2020: COVID-19 will overturn last year’s incipient recovery

01/07/2020

After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve.

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Coface finalises the acquisition of GIEK Kredittforsikring AS

01/07/2020

Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company that manages a short-term export credit insurance portfolio.

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Are corporate balance sheets in Spain and Italy ready for the COVID-19 shock?

24/06/2020

Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty.
According to Coface forecasts, Spain and Italy will be among the economies hardest hit by COVID-19, contracting by 12.8% and 13.6% respectively in 2020. Corporate insolvencies are expected to increase by 22% in Spain and 37% in Italy by 2021, relative to 2019 levels. For 2021, Coface forecasts that Spain and Italy’s GDP will rebound by 10.2% and 8.9%, leaving the economies 3.9% and 5.9% below 2019 levels.

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Business insolvencies in Europe: amendments to legal procedures temporarily postpone due dates

16/06/2020

Many European countries have temporarily amended the legal framework of default procedures to help companies deal with the crisis, postponing growth of insolvencies in Europe.

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  • BExA
    BExA

    The British Exporters Association
    Representing the interests of the export community

  • CICM
    CICM

    The Chartered Institute of
    Credit Management
    The recognised standard in credit management

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