Construction companies facing more bankruptcies and restructuring

Although the demand for construction services will remain strong, the liquidity of construction companies will continue to deteriorate, and an increasing number of them will have problems with debt due to rising costs, said Coface chief economist in Central and Eastern Europe Grzegorz Sielewicz.

Locked content Coface: Bankruptcies grow by 16% y/y in 2017

The number of bankruptcies and restructurings in H1 of 2018 amounted to 467, which is 21 percent more than last year, according to a report by Coface, which forecasts that the figure will grow by 29 percent y/y at end-2018. Bankruptcy remains the most popular form of default, representing 59 percent...

Locked content Metal prices in 2018 expected to grow – Coface

In 2018, metal prices should maintain an upward trend, and in 2019 a slight decrease is expected due to the expected global economic slowdown and overcapacity,  Coface report stated. From December 2017 to December 2019, the aluminum price is expected to grow by 2 percent. Copper price should go up b...

Locked content Number of bankruptcies in Q1-3 grew by 14% y/y – Coface

The number of bankruptcies and restructurings in the first three quarters of 2017 amounted to 635, which is 14 percent more than last year, according to a report by Coface. Due to changes to the law, which made implementing restructuring processes to avoid bankruptcies easier, the number of companie...

Locked content Number of bankruptcies in Q1-3 falls 1% y/y – Coface

The number of company bankruptcies in the first three quarters of 2016 was 559, which means a 1 percent drop y/y, according to a report by the firm Coface. The report indicates that the drop in bankruptcies and restructurings observed earlier in transport (-53 percent) and production (-27 percent) h...

Locked content Number of bankruptcies declined by 14% in H1

The number of bankruptcies amounted to 328, thus it fell by 14 percent year-on-year in the first half of 2016, according to a report compiled by Coface. The largest decline of bankruptcies, 43 percent y/y, was recorded by the Polish transport sector. Improvement was also recorded in the manufacturin...

Locked content Coface affirms Poland at A3 rating

French credit insurance company Coface has maintained Poland’s rating at A3 level, unchanged since 2005, when it was increased from A4 level (in a seven-degree scale). The A3 rating indicates that companies do not always stick to deadlines, but the risk of insolvency is low, ISBnews reported. ...

Locked content Number of bankruptcies to fall by 4% in 2016

The number of bankruptcies and resturcturing proceedings of Polish companies will fall by four percent y/y, according to a report by Coface. The document also said that the number of bankruptcies fell by 26 percent in Q1 y/y mainly due to changes in legislation. Coface said that Poland is dependent ...

Locked content Number of bankruptcies declined by 8% in 2015

Courts declared bankruptcies of 798 companies in 2015, an 8 percent drop compared to 2014, according to data compiled by credit insurance firm Coface. Despite the decrease, the number of motions for bankruptcy filling grew by 1.4 percent to 4,531. “We expect that the number of bankruptcy fillings wi...