News and Publications

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07/25/2019
Corporate news

All the News

01/17/2019
Corporate news

Coface strengthens the senior management team of its Western Europe region

The Western Europe region, which comprises six mature credit insurance markets, represented 21.6% of the Group’s total exposure and 20.7% of its total revenue in 2017.

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12/20/2018
Country risk and economic studies

Tighter liquidity in Asia: not all gloom and doom in 2019

Asia has been under pressure following tighter global liquidity in 2018. Coface’s index for measuring relative vulnerability to outflows points to increasing divergence in Asia (...)

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11/27/2018
Country risk and economic studies

French companies in 2019: Rise in insolvencies but higher margins will allow cushioning the impact of slowing global trade

In the third quarter of 2018, after two years of improvement, French companies experienced a reversal of the trend with the number of insolvencies increasing by +2.3% (...)

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11/19/2018
Country risk and economic studies

SMEs in China: Monetary easing won’t be sufficient to reduce credit pressure

When considering risk in the Chinese economy, a lot of the discussion has focused on large State-Owned Enterprises (SOEs) or large private conglomerates ...

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10/25/2018
Country risk and economic studies

Halfway through its trade diversification process, the United Arab Emirates is yet to be integrated into international value chains

In the last three decades, the UAE has developed into the second largest and most diversified economy in GCC area through the implementation of specific policy frameworks regarding regulations (...)

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10/09/2018
Country risk and economic studies

Country and sector risks barometer worldwide - Oktober 2018: Some emerging economies become increasingly vulnerable

Higher oil prices and continued capital outflows from emerging markets mark the third quarter of 2018 (...)

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10/09/2018
Corporate news

US protectionism: Significant knock-on effect on trade partners of targeted countries

Increased protectionism is affecting a large number of economies – both advanced and emerging (...)

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08/17/2018
Country risk and economic studies

Greece's exit from the international bailout programme: Greek companies are experiencing a revival – more competitive and less indebted

Multiple signs of an economic recovery in Greece. Reforms have helped to clean up public accounts, restore Greece's credibility and strengthen confidence.

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06/21/2018
Country risk and economic studies

Country and sector risks worldwide: Signals of risk on the increase in the 2nd quarter

Downgraded assessments in the majority this quarter

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06/19/2018
Country risk and economic studies

France’s loss of market share in Africa benefits several European countries, China and India

While France’s trade balance has remained in surplus, its market share of exports to Africa halved from 11% in 2000, to 5.5% in 2017.

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06/01/2018
Country risk and economic studies

Global metals sector: prices to continue to rise in 2018, ahead of a possible slight decline in 2019

On the back of highly-synchronised economic growth, technological shifts boosting a surge in the use of metals and a shortfall in supply, metals have been benefitting from a bull market since mid-2016 (...)

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05/25/2018
Corporate news

GDPR Information (EU General Data Protection Regulation)

Answers to commonly asked questions, relevant documentation and contact details.

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05/23/2018
Country risk and economic studies

Election season in Latin America: Growing political risks undermine economic activity

The Coface Political Risk Index takes into consideration various risk aspects: (...)

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05/14/2018
Country risk and economic studies

Western Balkans’ accession to EU membership likely to be completed - supported by the region’s strategic importance

The European Union - Western Balkans Summit will take place in Sofia, Bulgaria, on the 17th of May 2018. This meeting aims to reaffirm the EU’s commitment towards the Western Balkans gaining EU membership. Coface’s economists see the EU accession as likely to happen, particularly as it would counterbalance Russian and Chinese presence in the region.

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04/30/2018
Corporate news

Report on the financial situation 2017

«Public disclosure»

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04/24/2018
Country risk and economic studies

Africa: diminishing reserves increase risks of another crash

Adversely affected by the slump in raw material prices, most African currencies lost over 20% of their value between 2013 and 2016

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04/12/2018
Corporate news

Coface’s purpose & new tagline: for trade

Discover our new tagline, FOR TRADE, which conveys Coface’s culture and purpose, as well as our deep commitment to trade.

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04/10/2018
Corporate news

Country and sector risks worldwide - April 2018

Now that peak growth has been reached in the United States and Europe, businesses are preparing for supply side constraints and the risk of protectionism

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03/29/2018
Country risk and economic studies

Central and Eastern Europe: Political risks on the rise but no impact yet on local businesses

With the wave of ongoing elections in countries such as Hungary, Czech Republic, Poland and Slovenia, Central and Eastern Europe is undergoing a major period of change against the background of economic growth that is still strong (...)

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03/13/2018
Country risk and economic studies

Regional economic ambitions of China and Japan show striking parallels

According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region (...)

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03/07/2018
Country risk and economic studies

Insolvent or ‘zombies’, distressed companies represent nearly 6% of the total in France

The beginning of the year marked a clear improvement in key business insolvency indicators (...)

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02/27/2018
Country risk and economic studies

NAFTA renegotiations - could Mexico’s “high-risk” automotive industry deteriorate into a crisis?

Mexico’s automotive industry plays an important role in its economy (...)

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02/13/2018
Corporate news

Full-year results 2017: Coface doubles net income to €83.2m

Turnover: €1 354.9m, up 0.3% at constant scope and exchange rates. Net loss ratio 51.4%, improved by 14.1 pts; annual net combined ratio at 86.6%.

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01/25/2018
Country risk and economic studies

2018: the upturn continues

Coface sees risks for 2018: Overheating in industrialized countries, banks in China, instability in emerging markets.

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12/20/2017
Country risk and economic studies

Turkey records dynamic growth but is increasingly vulnerable to external factors

Turkey’s economy recorded substantial growth during the first three quarters of 2017, up by 7.4% compared to a year earlier. This was achieved despite the series of shocks which occurred in the country in 2016 (...)

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12/12/2017
Country risk and economic studies

Althoug 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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11/28/2017
Corporate news, Country risk and economic studies

Germany’s corporate payment survey 2017

A better year for exporters and domestic trade

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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11/08/2017
Country risk and economic studies

Embargo on Qatar: Manageable for the time being, but not perennially

On June 5 2017, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain (known as the quartet) announced they were breaking diplomatic ties with Qatar (...)

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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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09/26/2017
Country risk and economic studies

Country and sector risks: Europe remains the big winner in the world economic upturn

World economic growth might not yet be at its highest (2.9% in 2017 and 2018), but there can be no denying that there are healthy signs.

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09/08/2017
Country risk and economic studies

Infrastructure: the Achilles’ heel of development in Latin America

Weak development of infrastructure in the region. Poor record in improving investment rates

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09/07/2017
Country risk and economic studies

Central & Eastern European Insolvencies Overview

Company insolvencies dropped by 14% in 2015 and 6% in 2016

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07/13/2017
Country risk and economic studies

Asia Corporate Payment Survey 2016: Tail Risks Are on the Rise

Coface’s annual survey traces the evolution of corporate payments in eight countries and 11 sectors in the Asia Pacific (APAC) region. The survey was conducted in Australia, China, Hong Kong, India, Japan, Singapore, Taiwan, and Thailand, with 2,795 respondents.

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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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03/17/2016
Country risk and economic studies

Iran: Sharp turn ahead, drive carefully

After five years of sanctions, Iran is finally to rejoin the global community. The
return of Iran should have an effect on international growth via the oil channel but, above all, will bring huge changes to Iran itself. The lifting of sanctions, following the P5+1 agreement, will have a significant effect on raising Iran’s output. This will revive the Iranian economy, particularly through the recovery of foreign trade and investments.

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02/09/2016
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). Turnover for the year grew by 3.4% (+1.2% at constant scope and exchange rate), supported by emerging markets. The Group’s loss ratio net of reinsurance has stabilized over the last six months, at 52.5%. Coface is prepared for Solvency II, which came into force on 1 January 2016. The ratio of capital required to cover subscribed risks stands at 147%7, a level in line with Coface’s risk appetite and dividend pay-out policy of 60% of net income.

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01/28/2016
Country risk and economic studies

Country risks again under tension in 2016

To be monitored: cheap oil, financial market volatility and the Chinese slowdown in advanced countries and growing debt of companies in emerging countries

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01/17/2016
Corporate news

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

The Board of Directors of Coface which met today under the chairmanship of Laurent Mignon has decided to appoint Xavier Durand to the position of 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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12/15/2015
Corporate news

Launch of TradeLiner : Coface revamps its credit insurance offer for mid-market companies

Aimed at the evolving credit insurance needs of mid-market companies, Coface has modernised its flagship policy, renamed TradeLiner. The move follows on from the experience Coface gained through its first global non-payment protection offer introduced fifteen years ago and is based on its desire to work harder to help protect mid-sized companies operating in the real economy

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09/29/2015
Country risk and economic studies

Country risk assessment map - 3rd quarter 2015

Although worldwide growth continues to recover,its rate will not exceed 3% for the fourth year in a row. The advanced economies are doing much better: Activity in the USA rose significantly in the 2nd quarter (2.5% forecast for 2015), thanks to both consumer spending and investment, and in the Eurozone (1.5%) the gradual upturn in activity continues

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09/29/2015
Country risk and economic studies

Map country risk assessment - 3rd quarter 2015

160 COUNTRIES UNDER THE MAGNIFYING GLASS

- Macroeconomic expertise in assessing country risk
- Comprehension of the Business environment
- Microeconomic data collected over 70 years of payment experience.

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09/29/2015
Country risk and economic studies

Is a Chinese shadow cast over Asia?

China is trying to find a way to achieve healthier, more sustainable growth, but this is not completely painless for its economy – or for those of its neighbours. According to Coface estimates, growth is unlikely to exceed 6.7% in 2015 and 6.2% in 2016, compared with 13.4% over the period 2006-2007. This is mainly a result of the technological and capital catch-up process running out of steam: several industries are suffering from overcapacity and corporate indebtedness is high, thus impacting investment. We are witnessing a shift in the Chinese economic model. Which Asian countries will be the first victims if there is a hard landing? And which will enjoy the greatest immunity?

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09/10/2015
Country risk and economic studies

Company insolvencies in Western Europe: a drop of 7% expected in 2015 but 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, they 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 and Sweden).

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06/23/2015
Country risk and economic studies

Quarterly updated country risk assessments

Many countries are facing the full brunt of the decline in oil prices, especially emerging countries for which Coface has revised growth forecasts to 4% for 2015 (compared to 4.2% in March 2015). Meanwhile, developed economies (2% growth forecast for 2015 and 2016) are benefiting from the slight recovery taking shape in the eurozone (1.5% in 2015).

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06/23/2015
Country risk and economic studies

Sub-Saharan Africa: three East African economies are sheltered from the economic storm

Although growth was accelerated by the high prices of commodities on which sub-Saharan Africa is highly dependent, the region must now deal with the effects of falling oil prices. The 45 countries screened by Coface are affected to different degrees. Three of these countries have all the ingredients needed for dynamic growth in the short and the long term. They have been relatively spared by the decline in world commodity prices and their economies are diversifying.

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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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06/12/2015
Country risk and economic studies

Coface Insolvency Monitor for Central and Eastern Europe: Economic perspectives improved but corporate challenges remain

Companies in Central and Eastern Europe have experienced turbulent times over the last few years. Economies were challenged by the contraction of private consumption, due to rising unemployment and the ongoing deleveraging process. They were also affected by the double dip recession of their main trading partner, the Eurozone. 2014 was a year of improvement for most CEE economies. The average pace of GDP growth increased from 1.3% in 2013, to 2.5% in 2014. The engine of economic growth was fuelled by internal demand. This is especially visible in the case of household consumption, which is benefitting from lower unemployment rates, rising wages and improved consumer confidence. Low inflation, or even deflation, has reached many economies in the region. This has mainly been caused by external factors, such as lower commodity prices. The improved economic perspectives led to a stabilisation in the number of insolvencies, with a modest decrease of -0.5% in 2014 (compared to +7% in 2013).

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06/11/2015
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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04/20/2015
Country risk and economic studies

Has the US automotive sector shifted safely into top gear?

A recovery sustained by domestic consumption, and recently, increased investment

Following a 35% collapse when the crisis hit, car sales in the United States in 2014 were back at the levels they were at in 2007. The recent fall in oil prices (-48% in 2014) undoubtedly contributed to this. But the recovery of this sector so severely damaged in the crisis, is also being driven by two key factors.

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04/20/2015
Country risk and economic studies

Two sectorial assessments updated due to impact of lower oil prices

Loser: North American energy sector affected by an imbalance in supply and demand

Following the clear improvement in sectorial risk in North America at the end of 2014 (3 sectors reclassified “low risk”: Textiles and Clothing, Transport and Chemicals), Coface has responded to the fall in crude oil prices by downgrading the Energy sector to “medium risk”.

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03/31/2015
Country risk and economic studies

Quarterly updated country risk and business environment assessments

Coface upgrades country risk assessments of two European economies and places Brazil under negative watch

Business environment in Russia downgraded to C

Improvements in country risk are increasingly perceptible in advanced countries, where growth is expected to rise in 2015 (+2.1%). The Eurozone, driven by Germany and Spain, records two positive changes with the Netherlands and Belgium rising by a notch. Changes vary widely in emerging countries, however (downward growth revision, to 4.2%). Brazil and Ecuador are placed under negative watch and Russia sees its business environment assessment downgraded.

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03/31/2015
Country risk and economic studies

Five advanced economies will avoid the risk of "secular 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. Some are even forecasting stagnant growth, a situation sometimes seen as irreversible. 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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03/10/2015
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?

Oil prices have been in freefall over recent months, from their peak of 114.81 USD onJune 20 2014, to 48.47 USD on January 28 2015 (see chart 1). The 57.8% contraction is associated with an increase in output, combined with lower demand. On the supply side, the recent shale revolution in the US has raised production in the country to the highest level in three decades. In counterpart China, which is the main consumer (12% of total oil consumption), has demanded lower volumes due to the slowdown in GDP growth. The OPEC decision on November 27 to keep production at the same levels, contributed to the downwards pressure on oil prices. The goal behind OPEC´s decision is to discourage investments in new shale fields, as it reduces their relative profitability.

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03/10/2015
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

A new Coface survey[1] on corporate credit risk management in China reveals that 8 out of 10 corporates experienced overdue payments in 2014. Coface,a leading global credit insurance group, forecasts that GDP growth will slow down to 7% in 2015 (vs 7.4% in 2014). As corporates are still facing the challenges of high leverage, the high cost of financing and low profitability (driven by overcapacity), it is expected that non-payments will not improve in the short term.

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01/21/2015
Country risk and economic studies

Latin America - Growth picking up for Pacific countries

Three decades ago, Latin America was associated with negative terms such as ‘dictatorship’, ‘debt crises’ and ‘high inflation’. Over the years, the region has begun to be associated with economic growth, the new middle class, poverty reduction and controlled inflation.In this edition of Panorama, we have decided to focus on two countries of the Pacific Alliance: Mexico and Peru. Mexico appears to have a medium term positive outlook. Peru’s case is also interesting and the country’s medium-term prospects are very favourable. Peru was identified as one of the 10 ‘new emerging markets’ by Coface earlier this year.

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11/20/2014
Country risk and economic studies

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

North American chemicals, transport, textiles and clothing upgraded from "medium risk" to "low risk"
In North America, sector risk has improved due to the positive economic outlook and the drop in oil prices

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11/20/2014
Country risk and economic studies

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.
The economic crisis, an accelerator of change in the pharmaceutical sector

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11/03/2014
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. Is the slowdown a cyclical phenomenon or long-lasting and structural?

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11/03/2014
Country risk and economic studies

Updated country risk assessments

A slow recovery but a recovery nonetheless in the Eurozone, political and financial instability in large emerging countries

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09/24/2014
Country risk and economic studies

Panorama Russia: The russian economy towards glaciation?

The Ukrainian crisis has occurred in a context of significant weakening of the Russian economy. In 2013, Russian growth fell to 1.3% after an average GDP progression of 4.8% between 2000 and 2011. The slowdown that Russia is experiencing is not excessively different from that observed in the other BRICS. A number of the major emerging countries have recently been characterised by marked deceleration in investment and, to a lesser extent, consumption.

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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 fine-tuning the structure of the Chinese economy. As domestic demand remains subdued, the property market continues to be sluggish and over-capacity in some sectors remains, it is unlikely that China will achieve its 7.5% growth target. Coface expects that the GDP growth of China could reach 7.4% in 2014, given more policy support in sight.

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09/24/2014
Country risk and economic studies

European airlines are among the least profitable in the world: what is the adaptation scenario?

European airlines are among the least profitable in the world: what is the adaptation scenario?

At a time when it appears vital to capture the growth potential in Asia, European airlines are stumbling due to aggressive competition from low cost operators and airlines from the Gulf. Currently, they are among the least profitable in the world. Faced with these new constraints, what changes are conceivable?

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09/23/2014
Country risk and economic studies

Company insolvencies in Brazil: what to expect in the near future?

Restructuring and bankruptcy remain increasingly used procedures.

Activity in Brazil remains lacklustre, inflation above targets and interest rates are amongst the highest in the world. Various indexes show that confidence in Brazil remains down, while the low investment ratio continues to deteriorate.

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09/11/2014
Corporate news, 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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06/06/2014
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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04/29/2014
Country risk and economic studies

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

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

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04/28/2014
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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04/28/2014
Country risk and economic studies

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

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

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03/26/2014
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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03/26/2014
Country risk and economic studies

Country risk assessments : United States one of best risks whilst major emerging economies struggle

The upturn in the advanced economies (1.9% forecast for 2014, after 1.2% in 2013) is reflected in the upwards revision of the country risk assessments for the United Kingdom and the United States, which join the best risk category.

The level of risk however has increased in the major emerging economies: the assessments for Brazil, Russia, Turkey and Venezuela have thus been downgraded or placed on negative watch.

The business environment remains variable in the emerging economies. A number of countries, including Ukraine and, again, Venezuela, have been downgraded. Others, such as Algeria, are progressing in terms of company regulations.

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03/12/2014
Corporate news, Country risk and economic studies

China sees highest level of corporate overdue payments since 2010

Coface’s survey of corporate credit risk management in China,carried out in the fourth quarter of 2013, revealed that 8 out of 10 companies in China experienced overdue payments in 2013.The chemical, industrial machinery andhousehold electric & electronic appliances sectors are at higher risk.Since credit facilities will remain tight in 2014, a deterioration in corporate payments could lead to a significant ripple effect in China’s shadow banking market.

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03/04/2014
Corporate news

2013 annual results - good commercial dynamics and improvement in loss ratio

Good commercial dynamics and improvement in loss ratio

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02/10/2014
Corporate news

Coface launches a direct offering in Colombia

As a leading credit insurer in Latin America, the Group now operates directly in 9 of the region’s countries.

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01/28/2014
Country risk and economic studies

China in 2014: stable growth with risks of financing and overcapacities. Risks remain in several sectors

2014 is a year of divergence for the Chinese economy, representing the diverging trends of macro and micro environments. Focus of 2014: rising cost of funds.

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01/21/2014
Country risk and economic studies

In 2014, favourable risk trend in advanced economies but persistent tensions in large emerging countries

After a post-crisis readjustment between advanced and emerging countries, in 2014 global country risks are set to change in line with a more classic model.

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12/27/2013
Country risk and economic studies

Coface Quarterly ‘Panorama Sectors’ - Textiles

Positive changes in North America and Asia
Risks stabilise in Europe as the textile industry invests in innovation

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12/04/2013
Corporate news

Patrice Luscan appointed marketing & strategy director of Coface

As a member of the Group’s Management Committee, he will strengthen the strategic vision of Coface through the deployment of its strategic plan, Strong Commitment 2015.

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11/21/2013
Country risk and economic studies

The construction sector, overrepresented among french company insolvencies, with risks that will continue to increase in 2014

The construction sector is currently in something of a paradoxical situation: More than one in three company insolvencies in France still come from this sector, despite the property market remaining relatively resilient during the 2008-2009 crisis.

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11/05/2013
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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10/16/2013
Corporate news

Appointments at Coface

Cyrille Charbonnel, the former Group Chief Operating Officer, has been appointed Western Europe Region Manager

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10/14/2013
Country risk and economic studies

Emerging Asia : Coface warns of growing risks linked to household debt

The growth potential in Asia remains high, driven by the middle class. Malaysia, South Korea, Singapore and Thailand: household debt similar to that of the United States at the time of the subprime crisis.

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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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09/26/2013
Country risk and economic studies

Coface Quarterly "Panorama Sectors"

Coface downgrades its credit risk assessment in three business sectors: chemicals, pharmaceuticals and automotive.

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09/19/2013
Corporate news

Coface is expanding with a global network of economists

The Group's economic research team is taking on a new international dimension by appointing economists in major regions around the world.

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09/18/2013
Product news

How Coface credit insurance can help you to prevent non-payment of invoices

A straightforward and didactic video to present, in less than three minutes, how Coface credit insurance can help you to prevent non-payment of invoices.

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07/16/2013
Country risk and economic studies

Brazil’s economic woes: any chance of a kick start?

The archetypal emerging country, Brazil passed the test of the great crisis of 2009 with flying colours. Four years on, social protests have begun to highlight the failure of its growth model.

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07/02/2013
Corporate news

Coface wins the Le Fonti International Award, another major acknowledgment for Coface Italy

On 27 June, Coface was awarded the 2013 Le Fonti International Award in the special categories ‘Excellence in Credit Insurance’ and ‘Excellence in Services to Companies’.

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07/01/2013
Corporate news

Coface is expanding further in Central Europe to offer credit insurance in Croatia

As of 1 July 2013, the first day of Croatia’s membership of the European Union, Coface simultaneously launches its credit insurance services in this country, to meet growing demand from companies.

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06/28/2013
Country risk and economic studies

World growth forecasts updated - June 2013

Last updated of growth forecasts.

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06/24/2013
Corporate news

Coface moves to Bois-Colombes, a new milestone in its history

The Coface Group, a global market leader for credit insurance, is leaving La Défense to set up its headquarters in Bois-Colombes (a northwestern suburb of Paris).

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06/24/2013
Country risk and economic studies

A glimmer of hope for some advanced economies: Japan, Iceland, and Ireland

Coface has noted an improvement in a number of advanced economies : Japan, Iceland, and Ireland. On the other hand, the contraction in activity, financial problems and above all growing political and social pressures are increasing risk in South Africa and Tunisia

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06/24/2013
Country risk and economic studies

Italy: Company payment practices worsen, reflecting the severity of the recession

The preponderance of fragile small companies and the sheer scale of late payment within the public sector.

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06/04/2013
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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05/15/2013
Corporate news

Laurent Mignon appointed Chairman of the Board of Directors of Coface

Laurent Mignon is the Chief Executive Officer of Natixis, shareholder of Coface. He takes over from François David, whose mandate has ended.

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04/29/2013
Country risk and economic studies

World growth forecasts updated - April 2013

World growth forecasts updated - April 2013

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04/18/2013
Country risk and economic studies

The gap between Europe and the rest of the world is widening with regard to sector risk

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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03/28/2013
Corporate news

Coface launches its new corporate website, a tool to help companies prevent commercial risks and protect their transactions

Following the rollout of its new visual identity, Coface has redesigned its Group website.

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03/20/2013
Country risk and economic studies

Risks are back on the radar in emerging countries

"Political instability, increasing protectionism, credit bubbles" : emerging country risks have not disappeared altogether, but have changed form.

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02/28/2013
Corporate news

In 2012 Coface improved its results despite the crisis

In an economic downturn, particularly in the euro area, Coface continues to grow its turnover.

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01/22/2013
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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12/04/2012
Product news

Worldwide launch of TopLiner

A supplemental cover beyond standard credit insurance.

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11/13/2012
Country risk and economic studies

World growth forecasts updated - November 2012

Last updated of growth forecasts.

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11/06/2012
Country risk and economic studies

Coface Global Solutions: A new service for multinational companies in 66 countries

A new service for multinational companies in 66 countries.

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10/11/2012
Country risk and economic studies

France-Germany: comparative analysis of company insolvencies

The disturbing trend, observed during autumn 2012 about French company insolvencies, urged Coface economists to question themselves about the reasons which explain German companies’ resistance to the crisis.

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10/09/2012
Corporate news

Coface continues global expansion, strengthening its presence in Africa

Coface guarantees are now available in 97 countries.

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10/03/2012
Corporate news

Cécile Fourmann is appointed Human Resources Director of the Coface Group

Cécile Fourmann brings the Group her broad experience in change management in multicultural environments.

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09/06/2012
Corporate news

Coface’s results for the first half of 2012

Sustained growth in turnover and in net profit.

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07/17/2012
Corporate news

Cyrille Charbonnel is appointed Chief Operating Officer of the Coface Group

In this role, he will manage the operational functions of the Group together with Jean-Marc Pillu, Chief Executive Officer.

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07/10/2012
Country risk and economic studies

Country risk assessments review

The crisis worsens in Southern Europe and the Indian model begins to show signs of struggle.

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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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05/31/2012
Country risk and economic studies

Companies’ payment behaviour in China

Stabilized overall financial situation for Chinese companies, despite difficulties in accessing credit.

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05/23/2012
Corporate news

Jean-Michel Riou is appointed Manager of Coface Western Europe and Coface France

Jean-Michel Riou joins Coface as Manager of Coface Western Europe Platform and Coface France and integrates the Executive Committee of the Group.

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04/23/2012
Country risk and economic studies

Country risk assessments review

Improvement in Japan and the United States,but euro zone risk on the rise.

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03/06/2012
Country risk and economic studies

Coface accelerates its profitable growth in 2011

The strategic refocusing on credit insurance has borne fruit.

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02/13/2012
Corporate news

Coface has finalised the grouping of its 21 European credit insurance branches into one company

Coface has simplified and streamlined the structure of its European credit insurance activities.

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01/24/2012
Country risk and economic studies

The construction sector

A persistent credit risk in most countries.

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01/16/2012
Country risk and economic studies

Coface Country Risk

Companies’ solidity already impacted by the systemic crisis in Europe and political risks in emerging countries

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11/03/2011
Country risk and economic studies

The food industry in the world

A companies under pressure faced with price volatility.

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