EU Newsletter · 01. October 2020
EIB Group securitisation will enable Commerzbank to lend up to €500 million to small and mid-sized businesses in Germany in response to COVID-19
The operation is backed by an EFSI guarantee under the Investment Plan for Europe
Economy · 18. June 2020
Companies in Rhineland-Palatinate with the greatest delay in payment There are regional differences in the average late payment. Companies in Rhineland-Palatinate overdraw the payment deadlines the most - on average by 56 days. Companies in Bremen (average delay 45 days) and Hamburg (43 days) also pay bills with a severe delay. The best situation is in Saarland, where companies pay on average 25 days late. The worst payment behaviour is currently evident in the cultural, entertainment and...
Economy · 25. May 2020
After 10 years of decline in corporate insolvencies, the corona crisis will cause significantly more companies in Germany to slide into bankruptcy again in 2020, according to projections by the information service provider CRIFBÜRGEL. Last year, a total of 19,005 companies applied for bankruptcy; the number of insolvencies had therefore fallen for the tenth time in a row in 2019. "For the current year, however, we expect a significant increase at CRIFBÜRGEL. Assuming that the effects of the...
EU Newsletter · 18. May 2020
Trying to fight against late payments and helping make sure that companies are paid on time is a key initiative promoted by the European Commission already in with the adoption of the Late Payments directive. Since this first time, the EU has also been working on adapting the late payments directive and also on ensuring it was correctly implemented by the various Member States, for example through various workshops and round table work on Late Payments attended by FEBIS representatives over the...
Economy · 13. February 2020
Overview Ireland records highest start-up figures in 13 years: 71 new companies formed every day in Quarter One. Despite Brexit uncertainty, 12 counties saw double digit start-up growth, according to our latest figures. • 6,413 new companies created between 1 January 2019 and 31 March 2019, up almost 14% for the same period in 2018 • Professional services enjoy growth; construction sees modest increase and finance down slightly • Dublin (up 24%), Cork (up 13%) and Limerick (up 8%) all see...