Economy

Bankruptcy proceedings for companies rise by 22% in 2024 to exceed 9,000
Economy · 16. January 2025
During 2024, there has been a rise in the number of insolvency proceedings, of 22%, with bankruptcies being the most abundant, representing 79%, and special proceedings growing the most, 192%, to reach the highest figure of the last decade, 9,015 proceedings in total.

Insolvencies: Is the wave now becoming a ripple?
Economy · 15. January 2025
Corporate insolvencies in Germany are rising for the third year in a row. At the end of 2024, a new record high of 22,400 bankrupt companies was recorded.

THE STATE OF LATE PAYMENTS IN THE EU (EU Payment Observatory Report)
Economy · 14. January 2025
Late payments are a significant hurdle for the competitiveness of EU companies. Delayed payments affect firms’ liquidity, thereby hampering their ability to properly operate and to invest in growth.

Life in the grey zone: Political risk in 2025
Economy · 19. December 2024
2024 has been a year of heightened political instability. War is raging in the Middle East and Ukraine, national elections are bringing new leaders to the fore, and militants are continuing to disrupt vital maritime routes. Going into the new year, insurers are braced for a wave of economic and conflict-based risks. Isaac Hanson reports.

Sharp rise in bankruptcy proceedings
Economy · 28. October 2024
Across the whole of Switzerland, the number of bankruptcies rose by 10.8% from January to September 2024. In September alone, the increase amounted to 28.5% compared with September 2023.

How technology is transforming economies in Southeast Asia as the region embraces rapid change
Economy · 23. October 2024
Advances in technology are taking place at a remarkable pace and are changing almost every aspect of life and nearly every economic sector, including transport, energy, communications, healthcare, manufacturing, entertainment, business and education.

Empowering Cypriot Businesses: Overcoming Liquidity and Profitability Challenges for Sustainable Growth
Economy · 17. October 2024
Despite the resilience of many enterprises, critical structural issues need to be addressed for these businesses to boom in the modern global market.

Prevent the Domino Effect: Safeguard Your Business from Late Payments
Economy · 03. October 2024
In today's intricate business environment, on-time payments are more than simply a financial need. 

Enhancing Organization Integrity: The Strategic Role of Whistleblowing
Economy · 13. September 2024
In an era where transparency and accountability are increasingly emphasized, whistleblowing has emerged as a vital mechanism for identifying and addressing breaches of law within organizations.

Managing Supplier Risk: A Strategic Imperative for Businesses
Economy · 30. August 2024
In today's dynamic and interconnected global economy, businesses face unprecedented challenges when managing supplier risk. The complexity of supply chains, coupled with geopolitical uncertainties, economic volatility, and environmental concerns, makes it more critical than ever for companies to adopt a proactive approach to supplier risk management.

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