The good news for exporters is that insolvencies in the Central and Eastern European region continue to decline but at least one sector is still causing major headaches.
According to a new report by Coface, a global leader in risk management and credit insurance, company insolvencies in the region dropped by 14% in 2015 and 6% last year.
In all, over the course of last year, six entities per 1,000 became insolvent.
This improvement was in line with the favourable macroeconomic environment, largely due to the positive situation on the labour market, with lower unemployment rates and rising wages, notes Coface.
Despite this, insolvencies are still above the pre-crisis levels of 2008 in most countries. Romania and Slovaki…
Read the full article at: http://www.dynamicexport.com.au/export-market/articles-export-markets/Which-industry-sectors-pose-the-biggest-risk-in-Central-and-Eastern-Europe/