More than two months after the start of the war in Ukraine, of Russia’s invasion of Ukraine on 24 February, prospects for a rapid resolution of the war seem increasingly unlikely. As sanctions against Russia continue to pile up, a return to the pre-war situation seems illusory, even in the event of an early end to the conflict.
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.Uzzināt vairāk
We begin 2015 with robust results: the Group’s growth and profitability are satisfactory and demonstrate the steadfastness with which the Group is implementing its strategy in a still mixed economic environment. The weaknesses seen in certain sectors across the world are affecting companies’ financial solidity and are an invitation to remain watchful. The Group continues to accompany its customers through sound risk management, securing both their own results and those of Coface.Uzzināt vairāk
Czech Republic under positive watch (A4)- economy benefits from good prospects in the car industry and household consumption
The Czech Republic is recovering from recessive effects as a result of debt crisis in the Eurozone. The economy regained momentum reaching solid growth of GDP by 2.0% in 2014 and even a higher growth of GDP by 2.5% is forecasted by Coface to be reached this year. The main driver of the Czech economy will be the export of passenger cars as well as the rising consumer consumption.Uzzināt vairāk
We are pleased to publish full-year results in line with our expectations. Coface has once again demonstrated the pertinence of its profitable growth model this year. Our innovative product offering, appropriate distribution channels, extensive international presence and prudent risk management have all contributed to the significant improvement in our results.Uzzināt vairāk
Coface continues to progress on a path of growth and profitability
· Turnover +1.8% at constant scope and exchange rates
· Client retention rate still high at 91.9% and new contracts production up +8%
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.Uzzināt vairāk
“Inflation, recession and decreasing exports” were the buzz words that characterised 2013 for companies in Central and Eastern Europe.
Worldwide economic growth picked up pace but left the CEE countries aside. The eurozone, the region’s major trading partner, remained in recession in 2013 and was the main reason for making the economic environment even more difficult for its neighbours.
Coface is publishing its second edition of the Baltic Top 50. The companies are ranked based on their turnover in 2013. Figures for 2013 show the continuing recovery of the Baltic states. The total turnover of the top players in the North increased by 2.2% to EUR 36.2 billion. Whereas net profits fell from 2011 to 2012, companies have now reported a sharp rise of 54.6%.Uzzināt vairāk
(Vienna, Zagreb 2013) Coface launches credit insurance from the very first day of Croatia´s accession to the European Union on 1st of July 2013. For the worldwide credit insurance company it is not an unknown country: Since 1998 Coface has been active on this market by offering business information and debt collection services for Croatian and international customers.Uzzināt vairāk
The CEE Top 500 is a joint project by the Coface branch offices in Central and Eastern Europe. This ranking covers the largest companies in the region – based on revenues for the 2010 calendar year – and was prepared in 2011 for the third time.Uzzināt vairāk
From the start of 2011, in less than four months, the insurance premiums of business risk Management Company Coface Lithuania reached 1.9 million litas, i.e. nearly 78 per cent more than during the same period in 2010.Uzzināt vairāk