News

Coface finalises the acquisition of GIEK Kredittforsikring AS

07/06/2020

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

06/23/2020

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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China Payment Survey 2020: Payment delays will increase further because of COVID-19

06/08/2020

In the context of weaker activity in China due to the health crisis, Coface’s latest survey on business payments in China shows a deterioration in payment behaviour in 2019.
66% of surveyed companies reported payment delays. The length of payment delays remained stable at 86 days in 2019. Nevertheless, sectors that have been hit the most by lockdown measures will have to delay payments in order to survive in 2020 and the number of corporate insolvencies should increase.

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World Trade: despite a sudden interruption, global value chains still have a bright future

06/02/2020

Early 2020 marked by a sudden interruption in world trade, hampered by a global recession and soaring uncertainty

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Spotlight

Corona crisis and its consequences
05/04/2020

Corona crisis and its consequences

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Coface in Figures

146,7 MEUR of net profit in 2019
 EUR 1.481 bn turnover in 2019
 100 Countries offering our services
 4,250 Employees worldwide
 540 bn EUR Receivables guaranteed
 160 Country assessments
 16 Economists producing studies
 30 studies released every year
 660 underwriters and credit analysts
 410 claims and recovery managers
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E-Mail: office-austria@coface.com
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