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CEE: Insolvencies Declining But Larger Effect
Politics ♦
Published: January 23, 2014; 14:59 ♦ (Vindobona)

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The number of insolvencies in Central and Eastern Europe (CEE) is declining. However, the individual insolvencies are becoming larger, as reported by French credit insurer Coface.

According to assessments by the French credit insurance company Coface, the exposure value of credit risk exposures outstandings has increased dramatically in 2013: by 80 percent. In total, insolvencies have become much larger and effect major enterprises. “The small and medium-sized companies (SME) are becoming more and more efficient with their budgeting,” Katarzyna Kompowska,…
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