Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.
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More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.
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28/04/2022
Corporate news
Coface releases its 3M-2022 Financial Results: a strong start to the year with a net income of €66.2m.
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The Russia-Ukraine conflict has triggered turmoil in the financial markets, and drastically increased uncertainty about the recovery of the global economy. Since our last publication, the world has shifted, so have the risks.
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Two years after the onset of the pandemic, the global economy continues to recover, but still faces significant challenges. Download the Coface Q4 2021 Country & Sector Risk Barometer and its press release here.
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15/02/2022
Corporate news
Coface FY-2021 results: net income at €223.8m and 100% pay-out ratio.
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3 questions with Chief Economist Jean-Christophe, who presents our outlook for the global econmy.
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According to the study conducted by Coface in 2021 on the payment behaviour of companies in Morocco , contractual payment terms in the country remain long, reaching an average of 79 days. However, they have improved significantly, with a shorter duration of about 14 days compared to the previous survey conducted in 2019.
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Coface ventures perilous predictions for 2022 on the world economy and a specific focus on Germany.
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05/01/2022
Corporate news, Products news
GlobaLiner supports the development of multinational companies with faster contract issuance and greater control over local insurance policies.
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To mark the 20th anniversary of the euro’s introduction into European wallets, Coface's economic research team has examined the effects that this change has had in macroeconomic terms.
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In the past 18 months, the US congress authorised more than 25% of GDP in spending to respond to the COVID-19 pandemic
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19/08/2021
Corporate news
For every business that collapses, an average of ten more suppliers will feel the financial shock of a bad debt on their cashflow which leaves them unable to pay creditors and staff. In this way, the failure of one business can start a chain reaction.
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The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing trade restrictions on a number of Australian exports. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia.
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As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.
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14/01/2021
Corporate news, Country risk
This year at our Country Risk Conference: 3 round tables to embrace the new business risks in a post-covid world.
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24/11/2020
Corporate news
Coface has signed the LGBT+ Commitment Charter of L’autre cercle, an association that promotes greater LGBT+ inclusion in the workplace.
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24/09/2020
Corporate news
Abbie Sandford, National New Business Manager for Coface UK, has been shortlisted as a finalist for the prestigious Women in Insurance Awards 2020 in the category of ‘Young Insurance Woman of the Year (small to medium firms)’.
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16/09/2020
Corporate news
Credit insurance gives you essential cover against credit risks such as non-payments or late payments. If a customer doesn’t pay, you can simply claim against your insurance policy.
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Foreign trade and inclusion in supply chains had already increased in recent years, supported by EU membership by most CEE (Central and Eastern European) countries in 2004.
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