News

Coface appoints Nicolas Garcia as Group Commercial Director

07/21/2014

In this new position, he also becomes a member of the Group Management Board and the Executive Committee.

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The UK upgraded to A2 due to the strength of its recovery

06/25/2014

Affected in 2009 by a recession more intense than other European countries under the effect of a sharp drop in household consumption and investment, the British economy is currently distinguished by the strength of renewed growth (1.8% in 2013). Forecast at +2.7% in 2014 by Coface, it could be as dynamic as that of the United States and exceed Germany (2%).

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Success of the Coface IPO

06/27/2014

"During the IPO, we received a warm welcome from investors, who were particularly receptive to us, both in France and abroad. This makes us proud of the work of our teams around the world to build a solid group, which is profitable and has confirmed growth prospects[...]" Jean-Marc PILLU, Coface Chief Executive Officer

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The Turkish economy - what to expect in 2014

06/25/2014

Prior to the forthcoming presidential elections in August 2014, Coface is cautious in its assessment of corporate risks in Turkey. If political tensions rise again, as happened in December and January, investors may flee the country which could result in a fluctuation in Forex markets. Such a situation would negatively impact the corporate sector’s external debt stock, already at a record high.

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Coface notes an improvement in risks in Western Europe and in "new" emerging economies

06/24/2014

The first quarter of 2014 confirmed the acceleration in global growth: according to Coface's forecasts, after 2.6% in 2013, growth will be close to 3% in 2014 and 3.3% in 2015.

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Coface forecasts a 13% drop in SME insolvencies in Spain and stabilisation in France in 2014

05/27/2014

With comparable profiles in terms of entrepreneurial activity, Spain and France are following a worrying trend in terms of company insolvencies. However, SMEs in the two countries have evolved differently since the 2008-2009 crisis, and insolvency forecasts for 2014 further underline this divergence.

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    Our Partner in Mainland China.
    Ping An Property & Casualty Insurance Company of China ltd. is the subsidiary of Ping An Group, the second largest P & C Insurance company in China.
     
     
    In 2003, Coface supported Ping An P & C Insurance Company of China Ltd. to launch the 1st short term domestic trade credit insurance in Mainland China, protecting local enterprises against the risk of non-payment.
     

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Contact

HONG KONG
29/F, @Convoy, 169 Electric Road
North Point, Hong Kong
 T. +852 2585 9188
F. +852 2585 9100
coface.hk@coface.com
 
 
MAINLAND CHINA
Suite 1319-1338, Shanghai Central Plaza
381 Middle Huaihai Road
Shanghai 200020, P.R. China
T. +86 21 6171 8100
F. +86 21 6288 0009
shanghai@coface.com
 
 
TAIWAN
Room A5, 6/F, No 16
Section 4, Nanjing East Road
Taipei 10553, Taiwan, ROC
T. +886 2 2577 5797
F. +886 2 2577 5795
taipei@coface.com
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    Welcome to our new website

    A tool to help companies prevent commercial risks and protect their transactions

     

    WHAT'S NEW? 

    DOWNGRADED TO A4, BRAZILIAN ECONOMY GEARS TOWARDS A YEAR OF ADJUSTMENTS IN 2015 (15/07/2014)

    Coface expects a considerable slowdown of GDP in 2014 (at +1.3% in 2014, down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term. Read more

     

    - SEE ALSO PUBLICATION : PANORAMA COUNTRY: BRAZIL (15/07/2014)

    From 2004 to 2008 Brazil had grown, on average, by 4,8% a year, but in the former period, from 2009 to 2013, the average rate declined to 2,7%. The country did not take advantage of the good winds to make important reforms, such as improving the infrastructure and the business climate... Read more