COFACE
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Coface: Around 95% Of 2014 Drop In Insolvency Numbers Comes From Small Businesses
The considerable decrease in the number of insolvencies registered in 2014 is only statistically relevant, as the dynamic came in the context of a base effect and the drop in insolvencies am...
Coface Sees Romania Economic Growth At 2.7% This Year
Coface ratings agency forecasts Romania's economic growth rate at 2.7% this year, in a basic scenario, from a maximum 2.5% in 2014, which depends on the level of consumption in December.
IT Distributors 2013 Revenue Down, Profitability Hits 10-Year High - Report
The average revenue of IT and software distribution companies was 22% lower in 2013 compared with 2008, before the beginning of the financial crisis, but the profitability reached 2.4%, the...
Coface: Road Transporters Prone To Insolvency
Road transporters face fragile liquidity and are very exposed to negative shocks such as non-payment of receivables or declining sales, according to Coface Romania estimates.
Coface Sees Romania GDP Growth At 2.5% In 2014
Coface ratings agency forecasts Romania's economic growth rate at 2.5% in 2014, closer to the forecasted CEE average growth rate of 2.4%, but one percentage point below 2013 GDP growth, as a...
Coface: Insolvencies Down 10% In 1H
The number of insolvency procedures opened in the first half of 2014 in Romania dropped by around 10%, to 12,453 procedures, affecting constructions, the textile, extracting and steel indust...
Romania Ranks Fourth In CEE With 48 Firms Listed In Coface Top 500
Romania ranks fourth in Central and Eastern Europe with 48 companies listed in the Top 500 in the region compiled by international credit insurance company Coface, fifth by their turnover EU...
Coface: Insolvencies Down 14% In 1Q, To 6,000 Open Procedures
The number of insolvency procedures opened dropped by around 14%, to nearly 6,000 procedures, affecting mostly utilities, the extracting industry and constructions, according to Coface.
Romania Ranks Second In CEE By Insolvency Rate Among Active Businesses
Romania registered in 2013 the second highest insolvency rate, of 6.44%, among active businesses in Central and Eastern Europe (CEE), according to rating agency Coface.