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02/11/2019
Corporate news

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12/14/2017
Country risk and economic studies

Although dynamic, France’s organic food sector could be forced to abandon its original principles in order to increase scale

The increasing preference of households for organic food is reflected in the sector’s very strong growth which is expected to exceed €8 billion in 2017

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11/27/2017
Country risk and economic studies

Poland Insolvency Report: Insolvencies and restructuring proceedings still on the rise, despite a robust economy

Insolvencies and restructuration proceedings increased by 14% in the first three quarters of 2017 compared to the same period last year. Most sectors experienced an increase in the number of proceedings.

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11/24/2017
Country risk and economic studies

Germany’s corporate payment survey 2017

The second annual corporate payment survey for Germany carried out by Coface confirms many of the foregone trends. However, some improvements can be seen (...)

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11/07/2017
Country risk and economic studies

China's ambitions in sub-Saharan Africa: efforts to rebalance bi-lateral relations still needed

Almost twenty years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced. Bilateral trade has leaped over the past ten years (a total of $123 billion in 2016), driven, up to 2014, by exports, which have fallen by 51% since the peak.

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10/25/2017
Corporate news

Coface 9M-2017 Results: Net income at €55.0m driven by loss ratio improvement, in line with new guidance

We now see the full impact of the measures taken in the previous quarters within the Fit to Win strategic plan to drive down the loss ratio, in what is a still favourable economic environment. The net profit for the quarter, at €35m, shows significant progress compared to previous quarters.

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10/18/2017
Country risk and economic studies

Argentine Legislative Elections: Is the Continuity of the Pro-Business Direction at Stake?

The trajectory of Argentina´s economic rebound will be subject to the outcome of the upcoming midterm elections on October 22.

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10/15/2017
Corporate news

Appointment of Berna Keskin, as Country Manager ad Interim of GCC

Coface has appointed Berna Keskin as the acting interim Country Manager for GCC (Gulf Cooperation Council Countries, consisting of UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia), based in Dubai and succeeding Massimo Falcioni, who has decided to pursue opportunities outside Coface.

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10/05/2017
Corporate news

New regional CEO for Central & Eastern Europe

Xavier Durand, Coface CEO, commented: “As we focus on executing our strategic plan, Fit to Win, these appointments bring a wealth of experience that helps drive our ongoing revitalisation and transformation into the most agile global trade credit partner in the industry.”

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09/29/2017
Country risk and economic studies

Morocco : Extended Payment Periods Across Practically All Sectors

Morocco Corporate Payment Survey, first half of 2017: Extended payment periods across practically all sectors: 99 days on average in 2017, up from 82 days in 2016

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09/28/2017
Corporate news

Coface Improves its Full-Year Guidance: Loss Ratio Net of Reinsurance Now Seen Below 54%, A 4ppts Improvement

The measures taken by Coface to strengthen its risk infrastructure continue to bear fruit. They benefit from an improving economic environment, as growth in all large regions around the globe is on a positive momentum.

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09/08/2017
Corporate news

Fitch affirms Coface AA- rating, with an outlook ‘stable’

Fitch Ratings affirmed, on September 8th 2017, Coface AA- Insurer Financial Strength (IFS) rating. The outlook is stable.

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09/08/2017
Country risk and economic studies

Infrastructure: The Achilles’ Heel of Development in Latin America

During the commodity super-cycle that lasted over a decade, until around 2014, Latin American economies showed robust performance.The poor performance of recent years highlights the region’s competitiveness challenges.

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09/07/2017
Country risk and economic studies

Coface Announces CEE Top 500 Companies

The Top 500 companies generated EUR 580 billion in 2016 – a minor decrease of 0.6% – and experienced a greater downturn in net profit by -3.1% to EUR 26.3 billion. In contrast to the decrease in turnover and net profit, employment rates boomed.

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09/06/2017
Country risk and economic studies

Infographic: CEE Top 500 companies

The CEE Top 500 companies generated a turnover of EUR 580 billion in 2016. The biggest companies experienced a decrease in turnover and net profit, but increased their workforces significantly.

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07/31/2017
Country risk and economic studies

Latin America: The Winners and Losers of “Trumponomics”

Global credit insurer Coface released a report today outlining possible outcomes of US trade policies for the region, focusing on exchange rate, trade and investment.

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07/28/2017
Corporate news

Coface H1-2017 Results

Operating income up 17.5% and net income at €20.2m
Improving guidance for 2017: net loss ratio 3pts better, at below 58%

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07/04/2017
Country risk and economic studies

Country and sector risks worldwide

The second quarter of 2017 marked a new start for Europe, Russia and, on the sector side, for the automobile and agrofood industries in several countries (...)

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07/04/2017
Country risk and economic studies

Sector risk assessments 2nd quarter 2017

12 Major sectors assessed worldwide

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05/31/2017
Country risk and economic studies

Infographics - Brexit: despite a series of shocks, british companies remain sound

Mixed resilience, first signs of Brexit during the exit negociations phase but still some positive points…

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05/16/2017
Country risk and economic studies

New Coface survey shows optimism among UAE non-oil private companies

Coface, the worldwide leader in trade credit management solutions and risk information services, has published its first-ever Credit Opinion Survey for the UAE region (...)

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05/05/2017
Corporate news

Coface digitalizes the customer experience

One of the priorities of Coface’s three-year strategic plan Fit-to-Win is to enhance Client Service.

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04/11/2017
Country risk and economic studies

Infographics: Sector risk assessments - 1st quarter 2017

Infographics: Sector risk assessments - 1st quarter 2017

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04/11/2017
Country risk and economic studies

Infographics : New political risk index for 159 countries

Infographics : New political risk index for 159 countries

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04/11/2017
Country risk and economic studies

Country Risk Assessment Map - 1st quarter 2017

Country Risk Assessment Map - 1st quarter 2017

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04/06/2017
Country risk and economic studies

Corporate payments improve in China in 2016 but ultra-long overdues are up under financial stress

A survey on corporate credit risk management, to which 1,017 Chinese companies responded, reveals that corporate payments improved in 2016, with only 68% of the respondent companies experiencing overdue payments in 2016 (...)

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03/31/2017
Country risk and economic studies

Corporate payments improve in China in 2016 but ultra-long overdues are up under financial stress

A survey on corporate credit risk management, to which 1,017 Chinese companies responded, reveals that corporate payments improved in 2016, with only 68% of the respondent companies experiencing overdue payments in 2016 (...)

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03/21/2017
Country risk and economic studies

Country and sector risks worldwide - Business confidence is picking up again, despite persistent political risk

Main economic surprise of early 2017: the rise in business confidence is perceptible, but is not yet generating a positive widespread upturn in country and risk assessments.

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03/14/2017
Country risk and economic studies

RMB depreciation, capital flow measures and new monetary stance: What are the implications for Chinese corporates?

The potential depreciation of the renminbi (RMB), along with the implementation of capital flow measures, are longstanding concerns for China.

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02/20/2017
Corporate news

DUBAIEYE Business Breakfast : Regional Economic Outlook with Coface

Massimo Falcioni, regional head of insurance firm Coface talks us through their latest research on how late payments are on the rise in the UAE.

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01/24/2017
Country risk and economic studies

2017: A year of political and banking risks for emerging countries

Despite the recent economic upturn, uncertainties will continue to dominate the global economic climate this year.

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01/23/2017
Country risk and economic studies

Infografics - 2017: An economic upturn in the face of political risk

Four major risks for 2017 but some positives points...

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12/20/2016
Country risk and economic studies

South Africa’s economy challenged by crises in agriculture and mining, amid fears of an investment downgrade

Concerns over the country’s economic performance have been amplifying, due to its prolonged economic decline since 2011 (...)

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12/19/2016
Country risk and economic studies

After a Series of Shocks in 2015 and 2016, Turkey’s Economy Is Coming to the End of its New “Tulip Era”

Greater political uncertainty resulting from two parliamentary elections in 2015, drying global liquidity due to the US Federal Reserve’s rate hike process and the weaker Turkish lira, all contributed to dragging down growth.

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12/16/2016
Country risk and economic studies

Uberisation of French economy: a positive impact on employment but will it last?

Taxi company insolvencies in France increased by nearly 60% in one year, rising from 141 cases in August 2015, to 224 at the end of August 2016 and resulting in the loss of 3.38 jobs on average (...)

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11/25/2016
Country risk and economic studies

Global sector risks in precarious balance

At the end of 2016, global sector trends remained mixed, including in the regions that until now have been relatively spared by the increase in risks. Over the whole year, across 12 sectors evaluated in six regions of the world, nearly half saw their assessments change. There were 23 downgrades for 10 upgrades.

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11/11/2016
Country risk and economic studies

The First Arrow of Abenomics: Why Is it Not Working?

Why did the yen depreciation, which occurred during the early success of the first arrow, not boost Japan’s merchandise export volumes?

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11/07/2016
Country risk and economic studies

Mexico’s Economy: More Difficult Times Ahead

In the 2nd Quarter of 2016, seasonally adjusted activity decelerated to 1.5 %, down from 2.5% y/y reported in the previous period. Industry, which shrank by 1.5% q/q, was the main contributor to this weak result, due to the fall in oil production and challenges faced by manufacturing and construction industries. The services sector also slowed during the period, to a growth rate of 2.4% YoY, down from 3.4% for 1Q2016.

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11/03/2016
Corporate news

Coface results at 30 September 2016: Operating trends in line with Fit to Win

Xavier Durand, CEO of Coface, commented: These results are in line with the trends that we highlighted last September at our Investor Day.

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11/02/2016
Corporate news

Pierre Bevierre joins Coface as Group Human Resources Director

Pierre Bevierre, who holds a post-graduate degree (DESS) in Human Resources from Paris Dauphine University, is appointed Group Human Resources Director with effect from January 2017.

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11/02/2016
Corporate news

Franck Marzilli appointed Group Compliance Director of Coface

Effective in December 2016, with the objective of strengthening Coface’s controllership functions in a context of increasing complex and stringent regulations.

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10/17/2016
Corporate news

Ajman CCI, Coface and NGI sign MoU to support trade business of member companies

The Ajman Chamber of Commerce and Industry has signed a Memorandum of Understanding (MoU) with Coface Emirates Services and National General Insurance Company (NGI) to extend trade credit solutions and risk management services to member companies of the Chamber.

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09/07/2016
Corporate news

Coface strengthens UAE presence with new DIFC insurance licence

Coface, the worldwide leader in credit insurance, has obtained a new company licence from the Dubai Financial Services Authority (DFSA) to offer insurance management and intermediation services in the Dubai International Financial Centre (DIFC), strengthening its presence in the UAE through insurance services.

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08/30/2016
Country risk and economic studies

The outlook for the us pharmaceuticals

Of all the industrialised nations, the USA has the highestn expenditure for public healthcare but poor results

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07/18/2016
Country risk and economic studies

Company insolvencies in central, eastern and northern Europe: Positive trends but the decline will be slower than in 2015 in some countries

Company insolvencies in central, eastern and northern Europe:
Positive trends but the decline will be slower than in 2015 in some countries

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07/11/2016
Country risk and economic studies

United Arab Emirates: A new era of slower growth

High level of diversification does not make the UAE totally immune from the energy prices fall, retail and tourism challenged

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06/29/2016
Country risk and economic studies

Infografics - Despite persistent crises, Sub-saharan Africa presents opportunities in the 2025 time-frame

15 countries identified as having high potential consumer markets

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06/06/2016
Country risk and economic studies

24 nations warming up for the euro 2016

Country risk assessments of qualified countries: their current form

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03/24/2016
Country risk and economic studies

Quarterly update of Coface country risk assessments

The global economy is "Japanising": world growth remains low, despite ultra-expansionist monetary policies (...)

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03/23/2016
Corporate news

Dubai Chamber - Business Beyond Borders Series

Dubai Chamber of Commerce & Industry in cooperation with Coface Emirates Services organised workshop on: Africa - Turn Risks Into Rewards on Wednesday, 23rd March 2016 at the Dubai Chamber premises.

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02/12/2016
Corporate news

Coface 2015 results: net income €126M and proposed dividend stable at €0.48 per share (5)

At the end of 2015, a year marked by a deterioration in the global economic environment, Coface recorded a slight increase in net income (group share), at €126M (€125M in 2014).

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02/09/2016
Corporate news

Coface Emirates Services awarded “Trade Credit Management Solutions Provider 2016” by MENA Insurance Review in Dubai

Coface Emirates Services, the UAE arm of the world’s leader in trade credit management solutions and risk information services, has been presented the Best Trade Credit Management Solutions Provider award at the MENA Insurance Review Awards 2016, held recently at the Ritz-Carlton DIFC, Dubai.

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01/26/2016
Country risk and economic studies

Infographics: Country Risk Assessment Map - January 2016

160 Countries under the magnifying glass.

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01/26/2016
Country risk and economic studies

Three Risks to Monitor in 2016: Weak Growth, Political Tensions and Company Debt in Emerging Economies

A cautious approach to country risk will be necessary in 2016, since the risks that emerged in 2015 are expected to continue this year. Coface forecasts global growth to remain soft at 2.7%, compared to 2.5% in 2015. At the forefront are the political tensions gaining ground in both advanced and emerging countries.

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01/15/2016
Corporate news

The Board of Directors of Coface announces the appointment of Xavier Durand as Chief Executive Officer

This appointment will become effective following the Board of Directors’ meeting to be held on 9 February to approve the accounts for fiscal year 2015. Jean-Marc Pillu will continue in his role as Chief Executive Officer of Coface until this date.

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12/08/2015
Corporate news

Commercial Bank International and National General Insurance Co sign trade credit insurance agreement, backed by Coface Credit Information Services

• Partnership will protect CBI’s corporate and commercial customers against nonpayment risks
• Mark Robinson, CEO of CBI: “Credit insurance-backed receivable financing is an essential offering worldwide and we are delighted to partner with NGI and Coface to offer this service in UAE.”

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11/17/2015
Corporate news

Dubai Chamber, Coface, and NGI sign MOU to support trade with Africa

The Dubai Chamber of Commerce and Industry (DCCI) today signed a Memorandum of Understanding (MoU) with Coface and National General Insurance Company (NGI) for co-operation in supporting Dubai Chamber members with trade and export into African markets. The ceremony took place on the side-lines of the first day of the Africa Global Business Forum in Dubai.

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11/16/2015
Country risk and economic studies

Egypt: slow recovery and structural challenges

Coface forecasts growth of 4.4% for 2015/2016

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10/27/2015
Corporate news

Dubai Exports and Coface sign MOU to promote export and trade in UAE

Dubai Exports, the export promotion agency of the Department of Economic Development – Government of Dubai, today signed a Memorandum of Understanding (MoU) with Coface, the Compagnie Française d'Assurance pour le Commerce Extérieur, for co-operation in promoting trade and export.

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10/27/2015
Corporate news

UAE economy to post strong growth of 3.1% in 2015, country’s ample foreign assets to mitigate lower oil prices: Coface

Coface Country Risk Conference discusses the impacts of low oil prices, economic diversification, and greater integration with global trade in the region’s economy
GCC countries expected to grow by 3.2% in 2015 and 3.1% in 2016, higher than many emerging and advanced economies
Current account surplus slated to dip from around 20% of the region’s GDP in 2013, to close to 0% in 2015

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10/15/2015
Country risk and economic studies

Quarterly sector risk assessments update

Energy is more risky than ever, while Information and Communication Technologies is the only sector to receive a positive revision and automobile is adjusting.

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10/01/2015
Country risk and economic studies

REGISTER NOW - Coface Country Risk Conference Dubai

Every year, the Coface Country Risk Conference is held in Paris , where Coface is headquartered, and a series of regional edition of the event is held is various other Coface locations. This year the Dubai edition of the conference is co-locating with the Global Trade Development Week 2015 being organized under the patronage of the Ministry of Economy. The details of the programme is available at http://www.kwglobaltrade.com/programme.html

The aim of the conference is to help those involved in international trade -whether they are CEOs, CFOs, commercial directors or credit managers- to make informed business or investment decisions. It can also help businesses refine their strategies to address promising new markets while better understanding the related risks.

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09/16/2015
Country risk and economic studies

How Gulf Cooperation Council countries (GCC) are dealing with falling oil prices

As oil continues to be a major contributor to economic performance in the GCC, economic diversification is vital for the Gulf countries to ensure continued healthy growth. This has been showcased in Saudi Arabia and the UAE, which are driving sustained GDP growth through significant government investment in non-oil sectors. In the UAE, the food and beverage sector is forecasted to grow by 36% between 2014 and 2019, while KSA’s automotive industry is slated to rise by 5.2% in 2015.

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09/08/2015
Country risk and economic studies

Company insolvencies in Western Europe: a drop of 7% expected in 2015 but the situation is contrasted

Company insolvencies in Western Europe have experienced two successive storms. The subprime crisis, which made insolvencies jump by an average of +11% in the twelve countries studied, was unsurprisingly followed by further shock waves, with increases of 8% in 2012 and 5% in 2013. Today the skies have begun to clear. The average drop of 9% observed in 2014 will continue with -7% in 2015. While insolvencies continue to increase in Italy and Norway, we are seeing the positive impact of the timid recovery in the eurozone in ten other countries (Germany, Belgium, Denmark, Finland, France, the Netherlands, Portugal, United Kingdom, Spain and Sweden).

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07/17/2015
Country risk and economic studies

Country risk map - 2nd quarter 2015

This map gives you a global overview of country risk assessments. Coface's methodology in assessing country risk uses macroeconomic expertise, comprehension of the business environment and microeconomic data collected over 70 years of payment experience.

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06/22/2015
Country risk and economic studies

Coface Panorama on Sub-Saharan Africa:Three East African Economies Are Sheltered from the Economic Storm

Global credit insurer Coface recently reviewed the economic situation in 45 African countries, finding 13 growing economies despite the fall in world commodity prices, and three economies that have the ingredients needed for dynamic growth in both the short and long-term.

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06/17/2015
Country risk and economic studies

Is India’s economic revival thanks to the Modi government?

In May 2015, the IMF highlighted India as “one of the bright spots in the global economy”, mainly due to more effective policies and the end of political uncertainty. Coface expects the country’s GDP growth to reach 7.5%. But to what extent have Modi’s reforms contributed to the recent pickup in growth? Are the improvements in the economy without risks?

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05/26/2015
Country risk and economic studies

The end of milk quotas: New rules

April 1st 2015 marked the end of milk quotas in Europe, a regulatory tool imposed in 1984 in response to overproduction, leading to the so-called “butter mountain” and the “milk lake”. For the first time in 30 years, the market alone will determine the quantities of milk produced. Are French dairy farmers ready for this? Is the abolition of milk quotas going to make it possible for milk producers to supply the rapidly growing markets in Asia? Or to develop to meet the high level of demand for organic products?

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05/17/2015
Corporate news

Coface Country Risk Conference to Co-Locate With Global Trade Development Week

Coface Country Risk Conference to Co-Locate With Global Trade Development Week

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03/27/2015
Country risk and economic studies

Coface Study: Five Advanced Economies Will Avoid the Risk of Stagnation Within the Next Decade

More than three years after the official recovery, advanced economies are struggling to return to a path of sustained growth, according to a study by global credit insurer Coface. Some are even facing stagnant growth. But not all advanced economies are in the same position when it comes to this risk of long-term stagnation and some exceptions stand out in what is a fragile global landscape. Which of the OECD’s advanced economies have what it takes to accelerate their growth over the next decade?

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03/09/2015
Country risk and economic studies

Corporate overdue payments in China at high levels: 80% of corporates affected in 2014

Slower growth and increase in non-performing loans expected in 2015.

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03/06/2015
Country risk and economic studies

Impact of lower international oil prices on Latin America

Latin America is a major producer of commodities and the recent drop in oil prices is impacting the region’s countries in different ways. Which countries could benefit from lower international quotations - and why are others negatively impacted?

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01/20/2015
Country risk and economic studies

Turkey: Depreciation in exchange rates and sluggish domestic demand affect corporate payment performance

Disclosure of the exit strategy by FED Chairman Ben Bernanke in May 2013 triggered a new period marked by a change in the risk perception towards developing economies in financial markets. Turkey entered this period with a high current accounts deficit, a production sector substantially dependent on imports and three successive elections.

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01/19/2015
Country risk and economic studies

Middle East and North Africa region: What progress after the “Arab Spring”?

After a period of political and social turmoil, the economic activity is gaining strength in the Middle East and North Africa region. The growth is expected to stand at 2.6 percent in 2014 and to accelerate to 3.2 percent in 2015 on the back of global economic recovery and preliminary signs of political consensus in some countries of the region. However the growth performance will continue to stand below the 2000-2010 average of 5.4 percent.

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12/15/2014
Country risk and economic studies

“Low-flation” in France, the sign of a change in pace of growth

In a context of slow inflation (“low-flation”) and flat growth, France is in danger of not being able to escape the vicious circle of falling prices. Is it possible that France (...)

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12/15/2014
Corporate news

Coface AA- rating affirmed by Fitch

Fitch Ratings issued today, Monday December 15th, a press release in which it affirmed Coface’s Insurer Financial Strength (IFS) rating at 'AA-', Outlook Stable.

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12/10/2014
Product news

Managing Unpaid Invoices

Coface trade credit insurance offers you a way to protect against losses resulting from unpaid invoices.

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11/20/2014
Corporate news

After the economic crisis, what does the future hold for pharmaceutical companies in Europe?

The pharmaceutical sector’s dependence on the economic situation of European countries proved to be crippling for the industry during the 2008-09 crisis, and once again during the sovereign debt crisis of 2011-12. Particularly weakened by reduced health expenditure in Europe, pharmaceutical companies are now looking to revive, expand into new markets and invest in niche markets to break the deadlock.

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11/20/2014
Corporate news

Coface quarterly sector risks assessments: 14 sectors in three major regions of the world

For Coface, this year-end shows a clear improvement in the North American sector risk. After a short-lived downturn due to the poor climate conditions in the first quarter, the United States has resumed solid and balanced growth (forecast at 2.0% in 2014 and 2.5% in 2015). Companies have taken advantage of the favourable momentum in consumption and investment, as is shown by the high level of their profits.

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11/06/2014
Country risk and economic studies

Polish insolvencies stop rising - but for how long?

The insolvency statistics for Polish companies reflect an improvement during the first half of 2014. In total 402 companies declared bankruptcy, representing a decrease of 11.5% compared to the same period in 2013.

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10/24/2014
Country risk and economic studies

Global trade: a return to pre-crisis levels is unlikely, but the potential for growth exists

Following thirty years of unprecedented expansion, global trade is experiencing a period of radical change.

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09/28/2014
Corporate news

UAE economy growing stronger: with support of an effective diversification policy

The United Arab Emirates (UAE) country assessment has been ranked at A3, with economic growth expected to stand at around 5 percent in 2014.The country assessment provides an insight into the average payment incident level presented by companies in a country in connection with their short term trading transactions.The UAE business climate which measures corporate risk, considers a number of factors such as the availability of company reports, reliability and the effectiveness of legal system has also been assessed at A3. After contracting around 5 percent in 2009, the UAE’s economy gradually recovered, recording solid growth rates with 5.2 percent witnessed in 2013.

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09/24/2014
Country risk and economic studies

Carrot-and-stick : Challenges ahead for the Chinese economy

Since the beginning of the year, the Chinese government has continued its efforts to implement various items on the reform agenda, particularly those concerning...

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09/12/2014
Product news

Launch of CofaMove application: CofaNet goes mobile

Coface now offers customers a mobile application providing access anywhere and at any time to the essential features of Cofanet, its online platform for managing credit insurance contracts. The application will be available for download at the Apple App Store and Google Play Store.

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09/03/2014
Country risk and economic studies

Romania at the front line of economic growth in 2013 – but will it catch up after the contraction in 2014?

Romania’s economic performance has made it one of the leaders in Europe’s recovery. Its growth has exceeded expectations, with GDP rising by 3.5% in 2013.

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08/29/2014
Corporate news

Serbia becomes 98th market for Coface’s credit insurance offer

Coface, a world-leading credit insurer, is enriching its offer in Serbia through a local partnership with Axa. From now on, in addition to debt collection and business information services, Serbian companies can benefit from Coface’s longstanding expertise in credit insurance and its international footprint.

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07/10/2014
Country risk and economic studies

Downgraded to A4, Brazilian economy gears towards a year of adjustments in 2015

Coface expects a considerable slowdown of GDP in 2014 (at +1.3% in 2014, down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term.

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06/25/2014
Country risk and economic studies

The Turkish economy - what to expect in 2014

Prior to the forthcoming presidential elections in August 2014, Coface is cautious in its assessment of corporate risks in Turkey. If political tensions rise again, as happened in December and January, investors may flee the country which could result in a fluctuation in Forex markets. Such a situation would negatively impact the corporate sector’s external debt stock, already at a record high.

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06/17/2014
Country risk and economic studies

Coface Country Risk Update: Improvement in Western Europe and the "New" Emerging Economies

Improvement in Western Europe and the "New" Emerging Economies

In its latest country risk Panorama, global credit insurer Coface forecasts the acceleration in global growth to 3% in 2014 and 3.3% in 2015, up from 2.6% in 2013. As a result, Coface has upgraded the country risk assessments of Germany, Austria, United Kingdom, Spain, Kenya, Sri Lanka, Nigeria and Rwanda. In the only negative action, the positive watch on Latvia’s rating was removed.

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06/12/2014
Country risk and economic studies

The UK upgraded to A2 due to the strength of its recovery

Affected in 2009 by a recession more intense than other European countries under the effect of a sharp drop in household consumption and investment, the British economy is currently distinguished by the strength of renewed growth (1.8% in 2013). Forecast at +2.7% in 2014 by Coface, it could be as dynamic as that of the United States and exceed Germany (2%).

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06/05/2014
Country risk and economic studies

Stabilisation of corporate overdue payments in Asia Pacific but new worries over slowing growth in China

According to the Coface survey of credit risk management in Asia Pacific , corporate payment experience in the region stabilized overall in 2013, with the exception of companies in Australia and China which saw a greater number of non-payments. Slowing growth in China remains a concern for corporates in other economies in the region in 2014.

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05/23/2014
Country risk and economic studies

Coface forecasts a 13% drop in SME insolvencies in Spain and stabilisation in France in 2014

With comparable profiles in terms of entrepreneurial activity, Spain and France are following a worrying trend in terms of company insolvencies. However, SMEs in the two countries have evolved differently since the 2008-2009 crisis, and insolvency forecasts for 2014 further underline this divergence.

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05/15/2014
Corporate news

With Coface, trade in total confidence

Watch the video to see why choosing Coface ensures peace of mind, whatever the circumstances.

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04/29/2014
Country risk and economic studies

Insolvencies in Central and Eastern Europe 2013: New peak with 70,000 companies affected

Companies in the CEE region faced a challenging year in 2013: The already weak economic situation deteriorated and household consumption decreased due to fiscal measures designed to tackle rising budget deficits. Access to credit was further constrained in line with reduced supply and demand for new loans.

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04/25/2014
Country risk and economic studies

New paradigm for the electronics industry in Asia: clear dynamism, increased risks

Emerging Asia is the new epicentre of electronics innovation. Local companies are now counting on the internalisation of production and research. However, the dynamism of the sector faces new risks, as the gradual rise in unpaid invoices. In 2013, close to 3 out of 4 companies in the electronics & IT sector in Asia-Pacific experienced overdue payments.

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04/25/2014
Country risk and economic studies

Coface quarterly credit risks survey: 14 sectors in three major regions of the world

Sector risk stabilising in North America and Europe but becoming a source of concern in emerging Asia.

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03/25/2014
Country risk and economic studies

Coface identifies 10 emerging countries hot on the heels of the BRICS

After 10 years of frenetic growth, the BRICS are slowing down sharply: for 2014, Coface forecasts growth of on average 3.2 points lower than the average growth these countries registered over the previous decade. At the same time, other emerging countries are accelerating their development.

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10/14/2013
Country risk and economic studies

Coface is optimistic about business risks in the United States and concerned about those of emerging countries such as Brazil and Thailand

Revised Country Risk assessments. Overall, advanced economies are doing better. The concerns come from the emerging countries, which are facing a structural decline in growth.

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07/04/2013
Country risk and economic studies

Victims of sluggish growth, businesses in Central Europe will not emerge from the crisis in 2013

Compared to Western Europe, defaults in Eastern Europe are accelerating at a very high rate.

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05/11/2013
Country risk and economic studies

Coface CEE Top 500: Top companies with increasing turnover but sharply declining profits

Poland again ranked first, Hungary and Romania catching up while Ukraine dropping out of the Top 3

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04/18/2013
Country risk and economic studies

The gap between Europe and the rest of the world is widening

Credit risks still high in Europe but the outlook is favourable in Emerging Asia and in North America.

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03/28/2013
Corporate news

Antonio Marchitelli joins Coface as new Mediterranean and African Region Manager

Antonio Marchitelli has been appointed Mediterranean and African Region Manager of Coface, effective from March 1st 2013.

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01/22/2013
Corporate news, Country risk and economic studies

The crisis in Europe

Based on its day-to-day contact with companies worldwide, Coface has issued a cautious scenario for the global economy in 2013.

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01/21/2013
Corporate news

A new identity and a new tagline for Coface

A new brand positioning, symbol of a strong commitment to clients.

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06/07/2012
Corporate news

Richard Burton is appointed Manager of the Asia Pacific Platform

He held the position of Deputy Manager up until he took over from Jean-Claude Speitel who retired at the end of May.

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