Economy · 01. April 2020
The ongoing health emergency in Italy over the next three months will have an impact on the working capital (or cash flow) of SMEs estimated at between EUR 10 and 19 billion out of a total of EUR 342 billion in trade receivables and payables. The alarm has been raised by the first Working Capital Observatory created by CRIBIS, a CRIF group company specializing in business information, and Workinvoice, the first Italian digital invoice trading platform. The Observatory analyzed a sample of...
EU Newsletter · 27. March 2020
SPOTLIGHT OF THE MONTH
The European Commission unveiled mid-February 2020 its long -awaited EU Data Strategy, together with the expected plan on Artificial Intelligence.
Both proposals insist on the importance of enabling better data access and data sharing, not only regarding public sector data (PSI or G2B) but also about private data sharing with public bodies (B2G) or between businesses themselves (B2B).
FEBIS · 27. March 2020
Dear Members,
We all are, in one way or another, going through a situation without precedent in our lives.
Coronavirus is making us adapt to exceptional measures, it is showing us our vulnerability as society and as humans, but it is also showing us in both ways that we can be solidary and responsible.
We have understood that it is the time to stay at home, look after the most vulnerable and we could say, in general, we are doing it quite well.
27. March 2020
By Jeff JARD and Ugo NAVARRA jf.jard@cristalcredit.com ugo@cristalcredit.com What are the long term economic and technological changes involved in working from home? Philly offices may never be the same again as the coronavirus pandemic boosts technology disruption? As the business disruption persists, there’s a growing sense that when the pandemic ends, some changes could endure. Policies and technology used out of necessity now could become permanent later, if businesses and consumers find...
27. March 2020
Following the first financial package released on the 18th of March 2020 the Prime Minister of Malta, Dr. Robert Abela, yesterday, 24th of March 2020, announced a second Financial Package Aid to combat and mitigate the impact of COVID-19 on certain specific sectors. In its press release, the Government of Malta has announced a fiscal measures package to aid families and businesses in the face of the COVID-19 challenge. The Government will be granting direct capital injection of €800 a month...
Economy · 26. March 2020
Introduction According to the KOF Swiss Institute of Business Cycle Research at ETH Zurich, investment in construction represents about 10% of Switzerland’s gross domestic product. A particular feature of this industry is that the upfront expenditure largely comes from inside the country, and that any fluctuations probably exert a more profound effect on the economic position of other industrial sectors. How is the situation in the construction sector in detail? CRIF has taken a look and...
Economy · 21. March 2020
The commercial, resort, housing, and industrial real estate markets in Vietnam are all greatly affected by the complicated development of the epidemic. In a recent report, CBRE stated that the Covid-19 pandemic is having a negative impact on the Asia-Pacific economy. According to experts, nearly all major types of real estate are suffering significant losses over the past 2 months. As a result, CBRE has revised its Asia Pacific GDP growth forecast to 4% in 2020, a decrease of 0.2%. Landlords...
Economy · 15. March 2020
Vietnam Country Report 2020 is an annual report published by VietnamCredit, a leading business information provider and credit rating agency in Vietnam. In a fast-changing and uncertain global business environment, VietnamCredit’s illustrated Vietnam Country Report 2020 will help you to stay on top of developments and give you a keen understanding of this emergent and highly attractive market and its huge growth and investment potential. Vietnam Country Report 2020 is designed to hold all the...
Economy · 10. March 2020
Covid-19 epidemic has caused the shrinking of the consumer market, the declining revenue in services, tourism and aviation sectors, causing a big "shock" to Vietnam’s economy. The outbreak of the Covid-19 pandemic has made the world’s as well as Vietnam’s economy suffer a lot of negative effects. According to statistics of the Business Registration Management Department – Vietnam’s Ministry of Planning and Investment, in the first 2 months of this year, there were 16,151 enterprises...
Economy · 29. February 2020
The exchange rate and gold prices soared in the early days of this year due to the novel coronavirus, while the core inflation has been under pressure from the last months of 2019. Risks from the major debtors The fact that a number of private economic groups which are leading corporations, having large debts and operating in many fields have recently divested capital, sold projects, and sought new loans from outside, has shown the challenges and risks in Vietnam's economic environment. The...