Q4 2020 not to be period of pre-Christmas boom: Euler Hermes

Although the number of insolvencies this year, after an initial increase, began to decline as the next government shields are launched, ultimately in 2020 there may be a dozen or so percent increase in insolvencies, and thus overdue debts, according to Euler Hermes estimates. “The fourth quarter of this year will not be, as before, a harvest season for many companies,” Tomasz Starus, member of the insurer's management board , said..