The COVID-19 pandemic has triggered a mobility crisis, mainly because of physical distancing requirements and the necessity to avoid confined spaces, in order to limit the virus’ propagation. This has had a disastrous impact on the global transport sector, with air passenger transport being the most affected segment.
Turnover for the first semester: €725m, down 0.6% at constant FX and perimeter: Client retention and new business achieve record levels, with a positive net production of €33m. First effects of re-pricing are now visible (+0.2%). Revenues from services progress by 7%, including information services up by 13%. Client activities continue to slowdown – a trend expected to continue over the following quarters.
Foreign trade and inclusion in supply chains had already increased in recent years, supported by EU membership by most CEE (Central and Eastern European) countries in 2004.
Report commissioned by leading trade credit insurers proposes government reinsurance policy to support U.S. economy
After a 2019 that was dominated by trade tensions between the United States and China, Coface has observed an incipent recovery in Asia (excluding China), supported by supply chain shifts and additional liquidity from the US Federal Reserve.
Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company that manages a short-term export credit insurance portfolio.
Economic Impacts & Business Prospects for the America and Asia
