Member News | Central and Eastern Europe Insolvency study by Coface
May 18, 2023
Surge in Corporate Insolvencies Hits Central & Eastern Europe (CEE) in 2022
Corporate insolvencies in Central & Eastern Europe (CEE) witnessed a significant increase in 2022, driven by high energy prices, soaring input costs, prompt interest rate hikes, historic inflation levels, and uncertainty surrounding the war in Ukraine.
While eight countries, including Bulgaria, Croatia, Hungary, Latvia, Lithuania, Poland, Romania, and Serbia, experienced a higher number of insolvencies, the Czech Republic, Estonia, Slovakia, and Slovenia recorded a decrease. This trend marked a reversal from the decline observed in 2020, with insolvency proceedings accelerating throughout 2021 and 2022.
Understanding these insolvency trends is crucial for policymakers and stakeholders in navigating the challenging economic landscape of the CEE region.
We are inviting to Check CEE Insolvencies study for more insights.