EU Newsletter · 18. September 2020
The EU has unveiled a public consultation on the review of the Consumer Credit Agreements which runs until October 6, 2020 and had been put under the limelight by the Covic-19 pandemic. Though focused on consumer credit, the consultation aims to consult credit providers, credit intermediaries and credit registers, industry associations, businesses that produce and sell consumer products (goods and services), distributors and importers, repair sector, large online platforms and other online...
Economy · 15. September 2020
Starting 30 June 2020, is reported a negative economic impact of the Covid-19 emergency on the punctuality of payments of companies: the companies that pay the suppliers with serious delay (beyond the 30 days) are 11,8%. an increase compared to the first quarter of 2020 (10.6%) and substantially similar to that of a year ago (11.6%). Information underlined by a study done by CRIF considering data related to first half of 2020. However, there is some slight improvement, especially for...
Members News · 14. September 2020
Introduction CCICM has remained at the forefront of global commercial and consumer collections for over 35 years. We combine exceptional service, high recovery ratios and the best-value-for-money solutions with zero reputational risk. About Us · CCICM is a multi-award-winning company · We work for the Healthcare sector, Governments, Education, Export Credit Guarantee Agencies, Banks, Asset Based Lenders, Turnaround Professionals, Insolvency Practitioners, Private Equity Firms and Credit...
FEBIS · 11. September 2020
FEBIS thanks the Commission for having been included in the Online Focus Group on company and company ownership information organised by Deloitte in the preparatory study , for which we have already provided contributions and took part in all focus groups and workshops. We would like to take the opportunity to stress again crucial aspects that need to be highlighted with regards to the Impact Assessment on the Implementing Act on a list of High-Value Datasets regarding company and company...
EU Newsletter · 09. September 2020
European Commission Executive Vice President Valdis Dombrovskis will be the EU's new trade commissioner and Mairead McGuinness will be the new Irish commissioner with responsibility for financial services, Commission President Ursula von der Leyen announced on September 8, 2020. Dombrovsksis, who has served as acting trade commissioner since the resignation of Phil Hogan last month, will relinquish some of the current responsibilities in his broad economic portfolio. Mrs McGuinness has served...
Economy · 19. August 2020
Mr. Vu Tuan Cuong, Director of Drug Administration of Vietnam, said that the pharmaceutical market of Vietnam is currently worth USD 5.2 billion with the growth rate of 12% per year. Despite rapid growth, Vietnam's production capacity can only meet 53% of domestic pharmaceutical demand. In 2018, Vietnam's spent nearly USD 2.8 billion on importing pharmaceuticals. In 2019, this spending increased by 10%. Vietnam is also highly dependent on imported pharmaceutical materials, mainly from China...
Economy · 10. August 2020
The number of filed bankruptcy petitions also decreased month-on-month. In July this year, 54 bankruptcies of commercial companies, 605 bankruptcies of natural persons, entrepreneurs and 1,391 personal bankruptcies were declared. The number of bankruptcies thus decreased month-on-month. At the same time, 53 petitions for the bankruptcy of companies, 570 petitions for the bankruptcy of natural persons and entrepreneurs and 1,508 petitions for personal bankruptcy were filed. The number of...
Economy · 10. August 2020
It is expected that the Russian economy will face a wave of bankruptcies in the next 6 months. The reason - the end of the moratorium on bankruptcy introduced on April 1, 2020 due to business activity deceleration resulting from the impact of Covid-19. Realizing the scale of future damage, the Government of Russia suspended the initiation of insolvency proceedings for 6 months in order to avoid mass company liquidations. Along with the moratorium, restrictions are introduced that directly...
Strategic alliances · 27. July 2020
Purchase Grows Equifax Differentiated Data Assets, Adding Unique Trade Intelligence to Support Transportation, Logistics and Financial Services Companies Equifax has increased its leadership in commercial credit data solutions with the acquisition of Ansonia Credit Data (Ansonia), a leading provider of business credit, collections, and account receivable data used by financial institutions and other creditors and businesses focused on the transportation and logistics industries. Ansonia will be...
EU Newsletter · 22. July 2020
The European Banking Authority (EBA) published on 21 July a list of the public guarantee schemes issued in response to the COVID-19 pandemic. This publication, which complements the information included in the EBA Report on the implementation of selected COVID-19 policies, aims at providing transparency to the public on the existence of public guarantees, as well as responding to the European Commission’s request for a stock-take of such guarantees. This list provides an overview of the 47...