Fulfilling the objectives of the EU Payment Observatory, the 2023 Annual Report stands as its foremost analytical output. It provides a comprehensive analysis of the trends in payment behaviour in commercial transactions in the EU from 2019 to 2022.
Over a cozy Christmas dinner, I once again had to explain what I do and where I work. I didn’t want to
dismiss it with a simple answer like ‘something to do with information’. And then I realized that this is
increasingly difficult to explain. Even though I've been in ‘this business’ for some time now. There is
much more involved in ‘something with information’ than there was 30 years ago.
5.65 million citizens over-indebted / “hidden increase” in over-indebtedness / over-indebtedness ratio of 8.15 percent / trend reversal due to persistent inflation and high interest rates / recession as a driver of over-indebtedness
The World Bank’s permanent committee ICCR (International Committee on Credit reporting) held last week its “Fall Plenary Meeting 2023”. The committee discussed the status and developments in the credit reporting industry as well as future trends and innovations to improve the current reporting systems.
Constricted by bureaucracy, unsettled by the economy and paralyzed by rising costs - Creditreform's current analysis of the economic situation and financing in medium-sized businesses shows very clearly: Companies in Germany are looking bleakly into the near future. They spend a lot of time and energy trying to cope with the general conditions instead of investing resources in further development. How long can this last?
According to the last instalment of the Study on Credit Risk Management in Spain, supported by Iberinform and Atradius – Credito y Caucion, only 34% of the Spanish companies have their own credit risk committee.
While this might seem odd considering the macroeconomic situation in the country and, specially, taking into consideration that in 2021, 58% of the companies participating in this study had such structures in places.
More strikingly, 37% of companies do not use solvency criteria to