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For the fourth time, Coface Bulgaria will organize and conduct a global conference on credit risk management. This year the event will take place on 14th of April 2016 at the Sofia hotel Balkan (Sheraton) in Sofia and will gather many opinion leaders - executives and CFOs of leading companies, representatives of institutions, multinational businesses, small and medium-sized companies, industry and employers' organizations, NGOs and media.Read More
Coface Bulgaria was special guest on the National Council of the Bulgarian Industrial Capital Association
Coface Bulgaria participated in the National Council of the Bulgarian Industrial Capital Association at the invitation of Mr. Vasil Velev, Chairman of the Associa-tion and Chief Executive Office of “Stara Planina Hold” JSC.Read More
Coface Bulgaria celebrated its twenty-first anniversary in the country with special cocktail party. This time the focus was not the end of a successful year but the beginning of an even more successful one. The party was attended by representatives of the diplomatic corps, leading Bulgarian and international companies, partners, friends and journalists.Read More
Following a long period of stagnation, construction in Europe is showing signs of recovery. In France it is the only sector, out of the fourteen studied by Coface, to be rated as very high risk. However confidence is slowly returning (...)Read More
Milena Videnova, Managing Director of Coface Bulgaria, delivered a lecture on the topic: "Management of the contemporary commercial risks" in front of the students from specialty "International Economic Relations".Read More
Coface pursues its strategy of innovation, expanding its online offer with Policy Master, an online application that will help our clients in managing their policy more efficiently
Coface facilitates with this new online application credit management teams’ risk management by reducing administrative work and introducing alerts and notifcations for clients
On 24th of September on a business roundtable under the project „Business development and growth“ Milena Videnova, Country Manager of Coface Bulgaria and German Germanov, Chief of Chamber of commerce in Dobrich, presented opportunities for increase of competitiveness to companies and banks.Read More
Company insolvencies in Western Europe have experienced two successive storms. The subprime crisis, which made insolvencies jump by an average of +11% in the twelve countries studied was, unsurprisingly, followed by (...)Read More
•2014: A year of improvement throughout the region – turnover increased by +2.1%
•Higher turnover of the biggest companies reflected better economic prospects in 2014
•Poland was the biggest player, Hungary had the highest growth rate and the Czech Republic recovered
•Sectors: Automotive industry (+10.6%) top, oil & gas sector flop (-3.9%)
Our IPO (Euronext, Paris) on 27 June 2014 was a success, confirmed subsequently on 22 December by Coface’s listing on the SBF 120 index. Its success proved that investors recognise the soundness of our Strong Commitment strategic plan, our governance, and the quality of our results in recent years. The opening up of our capital has allowed us to diversify our share ownership and to reflect the Group’s international dimension.Read More
This map gives you a global overview of country risk assessments. Coface's methodology in assessing country risk uses macroeconomic expertise, comprehension of the business environment and microeconomic data collected over 70 years of payment experience.
During the celebrations of the 120th anniversary of the Bulgarian chamber of commerce and industry the most successful owners of Excellent SME certificate issued by BCCI and Coface, were awarded for the first time.Read More
During the celebrations of the 120th anniversary of the Bulgarian chamber of commerce and industry the most successful owners of Excellent SME certificate issued by BCCI and Coface, were awarded for the first time.Read More
In May 2015, the IMF highlighted India as “one of the bright spots in the global economy”, mainly due to more effective policies and the end of political uncertainty. Coface expects the country’s GDP growth to reach 7.5%. But to what extent have Modi’s reforms contributed to the recent pickup in growth? Are the improvements in the economy without risks?Read More
Aimed at the evolving credit insurance needs of mid-market companies, Coface has modernised its flagship policy, renamed TradeLiner. The move follows on from the experience Coface gained through its first global non-payment protection offer introduced fifteen years ago and is based on its desire to work harder to help protect mid-sized companies operating in the real economy.Read More
Coface Trade Aid Day marked the beginning of fundraising for The School for Visually Impaired Children
Днес, на традиционния ден на Coface Trade Aid, беше поставено началото на събирането на средства за подпомагане на учениците от училището за деца с нарушено зрение „Луи Брайл” в София. Служители на Кофас България се срещнаха с децата и преподавателите там, изгледаха два демонстративни мача по голбал и дори изиграха един срещу малките шампиони от училището.Read More
Coface Insolvency Monitor for Central and Eastern Europe: Economic perspectives improved but corporate challenges remainRead More
April 1st 2015 marked the end of milk quotas in Europe, a regulatory tool imposed in 1984 in response to overproduction, leading to the so-called “butter mountain” and the “milk lake”. For the first time in 30 years, the market alone will determine the quantities of milk produced. Are French dairy farmers ready for this? Is the abolition of milk quotas going to make it possible for milk producers to supply the rapidly growing markets in Asia? Or to develop to meet the high level of demand for organic products?Read More
Business insolvencies in France at the end of April 2015: The numbers continue to slowly improve, at -2.7% on a year
The favourable swing first seen in 2014 continues. The immediate rise in business insolvencies in the first four months was partly due to a catching up after the artificially low year-end data, because of the industrial action within the court system, which has however resurfaced in May.Read More
Milena Videnova talked about cash flows management on the forum "Business development with innovations”
Cash flows management and building innovative systems for this management is a key factor in reaching security for business. The current dynamics in the economy create necessity for the companies to instantly react based on clear politics and systemic process of risk management. This is what Milena Videnova, Country manager of Coface in Bulgaria, said during the 15th forum Business development with innovations, organized by ICT Media.Read More
Coface, one of the the leading credit insurers and market leader for information in Central Europe, re-launches its online business information marketplace. InfoICON – the biggest database in CEE – provides online information on more than 43 million companies in Western, Central and Eastern Europe.Read More
Third Country Risk Conference of Coface in Bulgaria: changes in energy sector and financial supervision will reduce risks
Economies in Europe are recoverring, but some risks remain. In Bulgaria a significant influence on the uncertainty for the business have energy sector and the financial supervision perspectives, which should undergo changes. These were clearly strated on the organized by Coface Third Conference on Risk Management which was held yesterday. This year the event was under the topic „Sector and regional risks – reaching financial confidence“ and was held with the sponsorship of DSK BANK and AES Bulgaria. Media partners of the conference were television Bulgaria ON AIR, magazines Manager, Economy and Your business, newspaper Banker, online medias investor.bg, expert.bg, money.bg and the edition “Predpriemach” (Entrepreneur).Read More
Czech Republic under positive watch (A4)- economy benefits from good prospects in the car industry and household consumption
The Czech Republic is recovering from recessive effects as a result of debt crisis in the Eurozone. The economy regained momentum reaching solid growth of GDP by 2.0% in 2014 and even a higher growth of GDP by 2.5% is forecasted by Coface to be reached this year. The main driver of the Czech economy will be the export of passenger cars as well as the rising consumer consumption.Read More
Coface Country Risk Update: Belgium and Netherlands Upgraded, Brazil on Negative Watch, Business Environment in Russia Downgraded
Improvements in country risk are increasingly apparent in advanced countries, where growth is expected to rise 2.1% in 2015 according to a new country risk Panorama by global credit insurer Coface. The Eurozone records two positive changes with upgrades for the Netherlands and Belgium. The outlook varies widely for emerging countries, however, as Coface revises its growth forecast downward to 4.2%. Brazil and Ecuador have been placed under negative watch while the business environment assessment for Russia has been downgraded.Read More
More than three years after the official recovery, advanced economies are struggling to return to a path of sustained growth. Some are even forecasting stagnant growth, a situation sometimes seen as irreversible. But not all advanced economies are in the same position when it comes to this risk of long-term stagnation and some exceptions stand out in what is a fragile global landscape. Which of the OECD’s advanced economies have what it takes to accelerate their growth over the next decade?Read More
We are pleased to publish full-year results in line with our expectations. Our innovative product offering, appropriate distribution channels, extensive international presence and prudent risk management have all contributed to the significant improvement in our results.Read More
2015 Country Risk Conference: In 2015, the global recovery will be laborious and subject to multiple risksRead More
Three decades ago, Latin America was associated with negative terms such as ‘dictatorship’, ‘debt crises’ and ‘high inflation’. Over the years, the region has begun to be associated with economic growth, the new middle class, poverty reduction and controlled inflation.In this edition of Panorama, we have decided to focus on two countries of the Pacific Alliance: Mexico and Peru. Mexico appears to have a medium term positive outlook. Peru’s case is also interesting and the country’s medium-term prospects are very favourable. Peru was identified as one of the 10 ‘new emerging markets’ by Coface earlier this year.Read More
For the third time, Coface Bulgaria will organize and conduct a global conference on credit risk management. This year the event will take place on 23rd of April 2014 at the Sofia hotel Balkan (Sheraton) in Sofia and will gather many government officials, managers, financiers and risk analysts.Read More
North American chemicals, transport, textiles and clothing upgraded from "medium risk" to "low risk"
In North America, sector risk has improved due to the positive economic outlook and the drop in oil prices
Companies from Varna and the region was part of the project „Business stability and growth" of Coface and VCCI
On the closing round table of the "Business sustainability and growth" project Milena Videnova, Managing Director of Coface Bulgaria and Ivan Tabakov - Chairman of the Chamber of Commerce of Varna were presented solutions to protect against risks of non-payment to enhance the company's stability. The meeting organized between the two organizations and the representatives of the regional business was held on 13 November 2014 in Varna and his main topic was 'Trade credit insurance and protection against risk of non-payment“.Read More
On a special Round Table of the project "Business stability and growth" Milena Videnova, Country Manager of Coface Bulgaria and Milen Dobrev, Chairman of the Chamber of commerce and industry in Ruse, presented opportunities for effective business management through financing.
George Nenkov, Deputy Mayor of Ruse made a welcoming speech to the guests. The event took place on 7 November 2014 and the topic was „Business financing management for increasing competitiveness". In the meeting participated representatives of companiesof different size in the region.
On a special Round Table of the project "Business stability and growth" Milena Videnova, Country Manager of Coface Bulgaria and Daniela Peneva, from the Regional Organisation of Commerce and Industry Chamber in Pleven, presented solutions for risk management for improvement of stability of companies. Damyanka Vladimirova, deputy mayor of Pleven district and Gergi Rusinov, Chairman of the chamber of commerce and industry in Pleven opened the meeting and welcomed the guests.Read More
An export oriented business round table gathered Coface The Chamber of Commerce of Stara Zagora with local businesses
On a special Round Table of the project "Business stability and growth" Milena Videnova, Country Manager of Coface Bulgaria and Krasimira Sokolova - Deputy Chairman of the Chamber of commerce and industry in Stara Zagora presented new opportunities for financing of exports and non-payment risk prevention. The meeting was held on 30th October 2014 in Stara Zagora and the main topic was "Protection from risks of non-payment to ensure stability of companies“.Read More
On a special Round Table of the project "Business stability and growth" Milena Videnova, Country Manager of Coface Bulgaria and Stoycho Stoychev, Chairman of the Chamber of commerce and industry in Yambol presented solutions for risk management for improvement of stability of companies. The meeting of the two organizations and the representatives of local business took place on 29 October 2014 in Yambol, and the main topic was "Protection from risks of non-payment to ensure stability of companies"'.Read More
On a special Round Table of the project "Business stability and growth" Milena Videnova, Country Manager of Coface Bulgaria and Tsanko Ivanov, Chairman of the Chamber of commerce and industry in Burgas presented new opportunities for more effective business management. The event took place today and the main topic was "How to increase competitiveness – financing and payment management“ and it got together representatives of different companies in the region.Read More
Good management of risks in foreign trade transactions can be a source of security for export but also for funding opportunities. In addition, preliminary collection of information on potential partners, together with the insurance of risks of non-payment represent a complex solution that can provide stability in exports.
Тhese are part of the useful solutions that Milena Videnova, Country manager of Coface Bulgaria and Tsvetan Simeonov, President of BCCI have given during the round table on topic "Export financing and non-payments risk prevention”. The event took place yesterday. 29 September 2014, in Plovdiv within the opened a bit earlier 70th edition of the International Fair.
Coface Bulgaria, a leading company in the credit insurance, business information and debt collection services, together with the Bulgarian Chamber of Commerce and Industry (BCCI), begin a series of roundtables for business in several cities of the country.Read More
Romania at the front line of economic growth in 2013 – but will it catch up after the contraction in 2014?
Romania’s economic performance has made it one of the leaders in Europe’s recovery. Its growth has exceeded expectations, with GDP rising by 3.5% in 2013. Significant contributions came from the agricultural and industrial sectors, in particular from car production supplying mainly foreign customers. Although Romania will not continue this pace of growth in 2014, the outlook remains positive.Read More
Coface вече предлага на клиентите си мобилно приложение, осигуряващо достъп навсякъде и по всяко време до основните функции на Cofanet, онлайн платформа за управление на договори за кредитни застраховки. Приложението ще бъде достъпно за сваляне в App Store на Apple и Google Play Store.Read More
The international credit insurance company Coface presents its sixth annual study on the Top 500 companies in Central and Eastern Europe – the Coface CEE Top 500. It ranks the 500 biggest businesses in the region by their turnover and additionally analyses further facts such as number of employees, the framework of the companies, sectors and markets.Read More
Coface, a world-leading credit insurer, is enriching its offer in Serbia through a local partnership with Axa. From now on, in addition to debt collection and business information services, Serbian companies can benefit from Coface’s longstanding expertise in credit insurance and its international footprint.Read More
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
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.Read More
Stabilisation of corporate overdue payments in Asia Pacific but new worries over slowing growth in China
According to the Coface survey of credit risk management in Asia Pacific , corporate payment experience in the region stabilized overall in 2013, with the exception of companies in Australia and China which saw a greater number of non-payments. Slowing growth in China remains a concern for corporates in other economies in the region in 2014.Read More
BCCI hosted the traditional meeting of the Club of mixed and foreign chambers. At the official opening of the event the President of BCCI Tsvetan Simeonov emphasizes the need for innovation in the activities of the chambers and for facilitation of business. In this regard he presented the new services offered by BCCI like issuing a Excellent SME certificates for sucessful small and medium enterprices, in partnership with Coface Bulgaria, as well as mobile application of BCCI (BCCI Mobile Android App), and the new mobile application for verification of barcodes "BG BARCODE" .Read More
The upturn in the advanced economies (1.9% forecast for 2014, after 1.2% in 2013) is reflected in the upwards revision of the country risk assessments for the United Kingdom and the United States, which join the best risk category. The level of risk however has increased in the major emerging economies: the assessments for Brazil, Russia, Turkey and Venezuela have thus been downgraded or placed on negative watch.
The business environment remains variable in the emerging economies. A number of countries, including Ukraine and, again, Venezuela, have been downgraded. Others, such as Algeria, are progressing in terms of company regulations.
Sector risk stabilising in North America and Europe but becoming a source of concern in emerging Asia
Western Europe: against a backdrop of early signs of stabilisation, several sectors continue to show high risk
“Company stability in situation of political uncertainty” was the topic of the Second Country Risk Conference (CRC) in Bulgaria, Sofia, hotel Sheraton. This year's event was even more successful than the previous year. About 180 managers, financial directors, underwriters and representatives of governmental institutions discussed a wide range of topics - from the impact of political developments on the business to the role of innovations for delivering growth.Read More
Milena videnova - country manager of coface in bulgaria, leader in trade credit management
My rules are clear - Build the success and share it; Do what you have to, no matter what; Take always informed decisions; Be innovative ; Industrialize your achievments.
After 10 years of frenetic growth, the BRICS are slowing down sharply: for 2014, Coface forecasts growth of on average 3.2 points lower than the average growth these countries registered over the previous decade. At the same time, other emerging countries are accelerating their development. Among them, a ‘top 10’ emerges with good production prospects and sufficient financing to support expansion.Read More
Coface, global Credit insurer and the leading Information provider in Central Europe, enhances its on-line offer on relevant and up-to-date information on buyers and their environment. The Business Reports will now be available for 54 countries ranging from the USA via Germany to Turkmenistan and Qatar.Read More
Milena Videnova, Country Manager of COFACE in Bulgaria, made a presentation on the European Commission Seminar on the issue of cross-border credit and claims management within the EU. The event took place on Thursday, 3 April 2014 in Radisson Blu Grand Hotel in Sofia. SMEs often find it too daunting, complicated or expensive (consulting fees, legal counsel, document translation, etc.), to pursue legal action when needed, against companies or individuals in other Member States. They are also afraid they will not get paid. The Sofia seminar on Cross Border Business was one of a series of national events whose purpose is to help SMEs to understand what options are available to them for successfully managing cross border credit and for recovering cross-borders payments. This will also help increasing their overall business efficiency and competitiveness.
Present in Colombia since 2007 through a partnership with Mundial Seguros, Coface has just obtained a license from the local regulatory bodies enabling it to sell its credit insurance solu-tions directly. Colombian companies will now be able to take full advantage of Coface’s expertise in the fields of credit risk prevention and protection for all their domestic and export trade operations, as well as benefit from its extensive international network.Read More
Sofia, 28.01.2014. For the first time in Bulgaria Coface Bulgaria in cooperation with Bulgarian chamber of Commerce and Industry introduces “Excellent SME certificate”. It is a tool that rewards SMEs’ performance, in terms of commercial risk and safe businesses. The official launching of the certificate was done today, at a special ceremony in the hall of BCCI.Read More
China in 2014: stable growth with risks of financing and overcapacities. Risks remain in several sectorsRead More
Country Risk Conference 2014: In 2014, favourable risk trend in advanced economies but persistent tensions in large emerging countries.
After a post-crisis readjustment between advanced and emerging countries, in 2014 global country risks are set to change in line with a more classic model. In advanced countries, risks are stabilising, buoyed by fairly dynamic growth in the US (estimated to be +2.4% in 2014), the start of a recovery in the eurozone (+0.9%) and confirmed growth in Japan (+1.4%). As for emerging countries, the rate of growth will increase only slightly (+4.7%) and will remain below the average for the 2000-2011 period.Read More
Preventive measures and approaches for systemic risk management is the key to reducing payment delays - amount and period of delay. This in turn, will lead to a reduction of intercompany indebtedness and also result in more stability in cash flows of companies, especially those in the commercial sector.
These were some of the main conclusions of the Second Risk Seminar held on 21 November and organized by Coface. The topic of the event was "Risk management and successful dealing with payment delays in commercial sector" and brought together nearly 100 representatives of trade and FMCG industry, entrepreneurs, financial experts and representatives of public institutions.
The Group's economic research team is taking on a new international dimension by appointing economists in major regions around the world. Grzegorz Sielewicz, 33, is appointed Chief Economist for the Central Europe Region.Read More
Commercial and financial risks are increasing in the contemporary uncertain environment and this makes the efforts to reduce them among the key priorities for the companies. This was one of the main outcomes from the first in Bulgaria Coface country risk conference, which took place yesterday.Read More
Today Coface in Bulgaria launched TopLiner, a supplemental credit insurance cover, gradually provided in the framework of the “Globalliance” standard contract if the initial guarantee is less than the request or refused.
TopLiner offers a flexible, transparent, quick solution for covering customer risk while remaining loyal to the single main contract. Separate from traditional underwriting and based on a price adapted to the risk, the TopLiner concept allows companies to make an objective risk-taking decision.
Coface Bulgaria held an elegant cocktail party to celebrate the upcoming Christmas holidays with its customers and partners
On 11 December 2012, Coface Bulgaria organized a Christmas cocktail party for clients and partners to celebrate the upcoming holidays. The official event was held at the restaurant "Pri orlite" (at the Ministry of Transport). Among the guests were Dr. Michael Angerer, sales representative of the Embassy of Austria, Mr. Delae by Bulgarian-French Chamber of Commerce, Mrs. Vesela Todorova, economic attaché of the Embassy of France, Mrs. Theodora Panayotova, PR of Commission Financial Supervision; executives, managers and/ other representatives of leading Bulgarian and international companies; journalists from print and electronic media.Read More
Milena Videnova was honored guest speaker at the monthly meeting of the Austrian Business Circle in Sofia
On 3 of October a meeting of Austrian Business Circle in Bulgaria was held in Interpred. Honored guest speaker at the event was the manager of Coface Bulgaria, Milena Videnova, who presented a lecture on "Effective credit risk management."Read More
Contemporary opportunities for trade receivables management were presented at the First Seminar of Coface in Bulgaria
Effective trade receivables management before any delay in payments is essential for the stabilization and the long-term planning of companies in the country. This was one of the main conclusions of the First Risk management Seminar of Coface in Bulgaria which topic was "Smart and sustainable growth by managing commercial risks", which was held today at the "Sheraton" hotel.Read More
Coface Group's financial performance in 2011 proves the pertinence of the strategic refocusing on credit insurance initiated at the beginning of last year. Despite the degrading economic context, the commitments aiming for profitable and autonomous development, made at the time of the strategic reorientation, were kept and are bearing their fruitRead More
On December 1, 2011 in the ballroom "Sofia" in residence "Terra Group," at an official ceremony "Society Loyalty" presented its annual business awards. Coface Bulgaria was awarded thanks to its credit insurance in the category "Innovative products".Read More
Having weathered the 2009 crisis well, the food industry has been faced with surging markets since June 2010 which are affecting food prices throughout the world and particularly in emerging economies. The phenomenon has been exacerbated by rising risk aversion among investors and abundant global liquidity. This trend is weighing on industry margins in the sector. The economic slowdown in the US and the euro zone, coupled with the effects of the nuclear disaster in Japan, has strained the relationship between major companies and retailers. Small & medium sized company treasuries have been weakened as credit has become scarcer in advanced economies.Read More