Members News · 12. January 2021
First of all, we wish the new year of the FEBIS family and all its members to be full of health and success.
Covid-19 has begun to affect economic activities with the channels of foreign trade, tourism and domestic demand from mid-March in Turkey and the effects were deepened and reflected to the overall economy in April, as in the whole world.
Economy · 26. November 2020
In the context of Covid-19, consumers and businesses in Asia-Pacific have resorted to digital payments through contactless payment solutions on mobile applications. Visa's recent survey shows that the majority of Asia-Pacific consumers (55%) are likely to…
Economy · 25. November 2020
In total, 5,482 new companies were registered in Q3, representing a 3% year-on- year increase, compared to the same period in 2019.
Despite this increase, overall start-up figures for year to date are down 12% when compared to…
Economy · 05. November 2020
This pandemic and the restrictions to contain it have achieved what the passing of the years and other crises have failed to do for many century-old and historic bars: their closure.
September brought about a 78% increase in the number of bankruptcies in the hotel and catering industry. Furthermore, this loss cannot be compensated for by entrepreneurial activity, which has not only…
FEBIS · 29. October 2020
The release of the European Data Strategy early 2020 immediately faced by the corona virus crisis has gained renewed importance. An economy and society empowered by data will...
Partners · 07. October 2020
COVID-19 IMPACTS ON THE CREDIT & BUSINESS INFORMATION INDUSTRY
A cross-section of 22 companies from the credit and business information industry have recently completed a survey to assess the impact of the COVID-19 pandemic on their business operations. Except for 2 respondents, the answers come from Europe-based companies.
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...
Economy · 21. July 2020
Among the most resilient sectors (Top) are the Pharmaceutical, TLC, ICT and Media, Chemical, and Consultancy sectors. Among the most affected (Bottom) are the Tourism/Leisure, Motor Vehicle Trade, Mining/Oil & Gas, Civil Engineering, and Construction sectors. The expected rebound in 2021 will allow a recovery in turnover and margins, but not enough to return to pre-crisis levels. In order to investigate the economic and financial effects of the COVID-19 emergency on businesses, CRIF has...
Country report · 03. July 2020
THE COVID-19 EPIDEMIC HAS CAUSED VIETNAMESE PEOPLE TO CHANGE THEIR CASH USE HABITS. BESIDES, DISCOUNT POLICIES OF ONLINE PAYMENT CHANNELS HAVE ALSO CONTRIBUTED TO THE STRONG GROWTH IN CASHLESS PAYMENT ACTIVITIES. As of May 2020, there had been 34 companies licensed to provide intermediary payment services in Vietnam, of which more than 20 are e-wallets associated with an active bank account. The frequency of use and average daily spending value via e-wallets are recorded to be really high....
EU Newsletter · 01. July 2020
The EU is temporarily adapting banking rules in order to maximise the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis. The banking package adopted today provides targeted and exceptional legislative changes to the capital requirements regulation (CRR 2). These changes will allow credit institutions to fully play their role in managing the economic shock that stems from the COVID-19 pandemic by fostering credit flows. More specifically,...