CEE: Insolvencies Declining But Larger Effect

Politics ♦ Published: January 23, 2014; 14:59 ♦ (Vindobona)

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.

CEE: Insolvencies Declining But Larger Effect / Picture: © Vindobona.org

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,…