Economy

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...
Economy · 25. May 2020
Half stopped doing business before the crisis, the other half during the crisis. During the first four months of this year, less than 20,000 people started doing business. At the same time, almost 46,000 self-employed persons interrupted their business and another 11.5 thousand of them directly cancelled their business licenses. 5.5% of active self-employed people stopped doing business at least for a while. Two-thirds of them interrupted or cancelled their activities before the crisis and...

Economy · 18. May 2020
The response to COVID-19 – The United Arab Emirates Case The novel coronavirus disease 2019 (COVID-19) outbreak was a major shock for the global economy, with severe uncertainty about the duration and intensity, disrupting production, trade and business. The actions being taken to prevent the collapse of healthcare systems around the world, threaten to create a deep economic crisis like no other, caused by the widespread failure of businesses. Many countries are beginning to lift the initial...

Economy · 18. May 2020
Vietnam’s credit growth will slow down this year due to the impact of the Covid-19 epidemic. It is forecast to reach only about 10%, which is lower than the target set by the State Bank of Vietnam (14%) in the beginning of the year. According to the analysis of Mirae Asset Securities Company, the second reduction in interest rates by the State Bank in 2020 will later lead to a sharp decrease in interbank interest rate. Interest on this market is always well managed through the net pump and...
Economy · 18. May 2020
It is fair to say with confidence that the quarantine and self-isolation regimes associated with the current pandemic have affected the world economy in the most negative way. Leaders of states limited economic activity by promising to provide support to affected entrepreneurs and individuals. The Government and the Central Bank of Russia have been instructed to develop measures that will help businesses and citizens to overcome the consequences of a forced shutdown. The shock from stopping...
Economy · 05. May 2020
From listed companies… The stock price of PetroVietnam Power Joint Stock Corporation (stock code: POW), 80% shares of which is own by Vietnam Oil and Gas Group, has witnessed a 60% fall, to VND 7,000 per share in March, although the profit in 2019 increased 5 times compared to 2018 and exceeded 125% of the year plan. The stock price of another giant in Vietnam’s electricity industry, Power Construction Joint Stock Company No1 (PCC1), also dropped by more than 50% in just over six months,...
Economy · 21. April 2020
Fitch Ratings has revised the outlook of 5 Vietnamese banks because the low growth rate caused by the Covid-19 pandemic is likely to negatively impact banks’ credit information in the near future. Lower long-term issuer default rating (IDR) Fitch Ratings has revised the Long-term Issuer Default Ratings (IDR) of two state-owned banks and one 100% foreign-owned bank in Vietnam from Positive to Stable, and outlook on the two joint stock commercial banks to Negative from Stable. Specifically, the...
Economy · 05. April 2020
According to the forecast of the Asian Development Bank (ADB), the growth momentum of Vietnam's economy will be maintained if the Covid-19 pandemic is controlled in the first half of 2020, and the economy will recover with the growth rate of 6.8% in 2021. Sharp decline On April 3, Asian Development Bank (ADB) released the Asian Development Outlook 2020 report (ADO 2020). In particular, this organization predicted that Vietnam's economic growth would decline sharply to 4.8% in 2020. The reason...
Economy · 05. April 2020
As part of the credit ecosystem, credit reference agencies are committed to supporting individuals and SMEs. The European economy is being hit hard by the global coronavirus COVID-19 pandemic. The public health emergency that has been called across many European countries is posing temporary difficulties for people and businesses to keep up with their loan repayments or with their utility bills (phone, electricity, water, etc.). National governments and EU bodies are taking measures[1] to...
Economy · 03. April 2020
Table of Contents: INTRODUCTION PREFACE EXECUTIVE SUMMARY ECONOMY FACT SHEET (BEGINNING OF 2020) COMMERCIAL RELATIONSHIPS WITH CHINA PRELIMINARY REMARKS RECENT FACTS FOCUS ON ITALY CORONAVIRUS IN BRIEF AND ITS EARLY EFFECTS EVOLUTION OF THE CRISIS IMPACT OF THE VIRUS ON FINANCIAL MARKETS AND REAL ECONOMY SCENARIOS AND IMPACTS ON ITALIAN NON-FINANCIAL COMPANIES PREMISES AND BACKGROUND ASSUMPTIONS SCENARIOS EVOLUTION OF KEY-FINANCIAL RATIOS IMPACTS ON RATINGS ANNEX CERVED RATING AGENCY RATING...

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