Spotlight

Coface barometer Q4 - 2020 Country risk
02/22/2021

Coface Barometer Q4 2020 - An uneven recovery

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News

No easy end to ongoing China-Australia tensions

04/13/2021

The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing trade restrictions on a number of Australian exports. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia.

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United States: Stimulus plan paves the way for record trade deficit

04/12/2021

As the world's largest importer, and second largest exporter of manufactured goods, the United States has had a trade deficit since the early 1970s. Using an analysis based on historical estimates of a potential trade balance, Coface estimates that the deficit could grow by 56 billion dollars as a result of the stimulus plan.

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The paradox of corporate insolvencies in Europe: Miracle and mirage

03/16/2021

In 2020, and even if the real impact of the COVID-19 crisis remains uncertain, the number of insolvencies actually fell in all major European economies. According to our research, the gap between the expected deterioration of the companies' financial health and the number of insolvencies suggests that there is a high number of "hidden insolvencies" that have been postponed, rather than prevented.

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Diversification is one of the many effects of oil price volatility on Middle Eastern and African oil producers

03/17/2021

The COVID-19 pandemic's negative impact on global GDP growth and global trade volumes has caused a sharp drop in oil prices in the spring of 2020. This price drop, even if temporary, has affected Middle Eastern and African oil exporters differently, in line with their national output’s dependence on oil, as well as their fiscal strength and international reserves. Although Coface expects oil prices to average USD 60 per barrel in 2021, their volatility will remain a challenge for producing countries.

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Poland: Payment delays between companies shorten during the pandemic

02/26/2021

The year 2020 was marked by the COVID-19 pandemic. In order to mitigate the impact of this difficult economic situation on Polish companies, various liquidity-supporting aid measures were introduced, such as tax and contribution exemptions and deferrals. As a result, despite the extensive economic crisis, payment delays between companies have shortened – however, with these aid measures are to be phased out in 2021, two thirds of companies expect their business activities to deteriorate this year.

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COFACE SA: Moody's raises the outlook for Coface to "stable"

02/14/2021

The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable.

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Key Figures

€1,481 million turnover in 2019
 €146.7 million net profit
 4,250 employees
 100 countries offering our services
Financial Summary

Publications

  • The Adriatic countries are small economies which are open for external trade with the majority of export volumes sent within the region as well as to Eurozone countries.

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Contact

Coface Adriatic d.o.o.
Avenija Dubrovnik 46
HR - 10 000 Zagreb, Croatia
 
tel.: + 385 (0)1 4697 500
fax: + 385 (0)1 4697 535
 
email: office-adriatic@coface.com
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