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Country Risk Information

Country Risk Climate Russia: Report on Effect of Sanctions

BIIA member Credinform (Russia) provided the following assessment: Did the sanctions give a new impulse to industry? In spite of the sanctions war between Russia and Western countries concerning the situation in Ukraine, the dynamics of industrial production shows as good an indicator as any.  In the third quarter the growth amounted to 1,5% against 0,6% in the previous year. ... Read More »

Australian Risk Climate:  Sales and Profits Moderate Despite Positive Business Outlook

The recent performance of Australian businesses is failing to meet their own expectations as a continuation of below-trend growth in the economy begins to impact reported activity this year. According to Dun & Bradstreet’s Business Expectations Survey, sales and earnings in particular are falling further behind the three-month projections being made by businesses. Compared to initial expectations, the number of ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Russia – evidence of the damage the sanctions are doing; Sweden – a move to snap elections only three months after the last balloting; Venezuela – budget cuts and other signs that a devaluation is coming. AUSTRALIA:  The Australian dollar remains under pressure from the sharp decline in commodity prices and the souring economy. It is likely to lose more ... Read More »

Country Risk Climates:  Trends to Keep an Eye On

Bahrain – elections that fail to unite; Central Asia – the Russian ruble’s nosedive is having repercussions across the region; Iran – the good and the bad of a missed deadline; OPEC – how to sustain a cartel in a bear market. CAYMAN ISLANDS:  The economy appears to have moved onto a stronger growth track after a period of relatively ... Read More »

Australian Risk Climate: D&B Trade Payments Analysis Q3 2014

Australian payment times return to pre-GFC levels (Global Financial Crisis) The average time taken for Australian businesses to pay their invoices has fallen to the lowest level since the third quarter of 2007, in signs that operating conditions have strengthened this year and the business sector’s cash position is improving. According to Dun & Bradstreet’s Trade Payments Analysis, businesses settled ... Read More »

Cross-border Businesses in Switzerland Lose Tax Breaks

Switzerland has pledged to end tax breaks for foreign companies as part of an initiative by the Organisation for Economic Cooperation and Development (OECD). The OECD’s Base Erosion and Profit Shifting (BEPS) project wants to secure an extra €1 trillion in EU tax annually by stopping multinational corporations using legal loopholes to limit the amount of tax they pay. Proposed ... Read More »

USA Country Risk Climate: Late Business Payments Rising Again

Payment habits for US businesses worsened in the third quarter, but the performance differed markedly between various industries, according to a report unveiled this week by global trade credit insurer Euler Hermes. Euler Hermes’ latest “Economic Insight” showed a 2% increase in the average dollar amount of past due payments to US businesses through the first three quarters of 2014, ... Read More »

Australian Credit Demand Mixed with Hunger for Credit Cards

Overall consumer credit demand eased to -1.8% (vs September quarter 2013) Credit card applications up 7% on September quarter 2013 Personal loan applications fall 10% on September quarter 2013 Growth in mortgage applications cools nationally to +5.1% (vs September quarter 2013) The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed at ... Read More »

Australian Risk Climate:  Appetite for Business Credit Lifts

According to the Veda Business Credit Demand Index the appetite for business credit lifts in Q1 2014, led by non-mining sectors (BCDI July to Sept 2014) Overall business credit applications rose 3.6% for the September quarter 2014 (vs September quarter 2013) Growth in business loan and trade credit applications, particularly in non-mining sectors in September quarter Decline in asset finance ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Kenya – currency weakness and investment liberalization; Nigeria – a plummeting naira despite new FX restrictions; Serbia – lower interest rates; Venezuela – a double whammy makes the government’s no-devaluation assurances implausible. BRAZIL:  Last month’s unforeseen interest rate hike has apparently persuaded some analysts to predict a pivot toward more market-oriented official policies, but this will likely turn out to ... Read More »

Majority of Very Late Payments Remain Uncollected in the Americas

More than half of the value of B2B receivables over 90 days past due were written off as uncollectable by businesses in Brazil, Canada, Mexico and the United States (the Americas). The September 2014 edition of the Atradius Payment Practice Barometer, a survey of B2B suppliers in Brazil, Canada, Mexico and the US, found that, on average, 38.4% of the ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Bulgaria – a new minority coalition government, weak and likely unstable. Georgia – questions about the wounded regime’s leanings; Mongolia – the next government will have a tough time to start with. BURKINA FASO: The new military rulers are under intense pressure to hand power to a civilian government, but for now uncertainty prevails that is not doing the economy ... Read More »

Australian Risk Climate: Sales outlook Hits 14-year High

D&B Business Expectations Survey Q1 2015 – Business Activity to Lift in 2015 – Sales outlook Hits 14-year High This year’s gradually improving business outlook looks set to continue into 2015, with the latest survey of Australian firms revealing that an increasing number expect to lift their sales and profits, sell their goods and services at higher prices, and invest ... Read More »

Country Risk Climates:  Trends to Keep an Eye On

Brazil – higher interest rates; Nigeria – tighter regulations for banks; Russia – the ruble may be cut loose from its moorings well before the end of the year; Ukraine – the first statistics reflecting the damage done by months of fighting. AFGHANISTAN:  A new era began for the country with the lowering of the US and British flags at ... Read More »

Mid-East Leading Cross Border Businesses in Africa Boom

Middle East cross border businesses are showing the world that Africa is ripe for investment, with Abu Dhabi companies leading the charge in setting up or expanding there, this year. The latest United Arab Emirates company to increase existing business there is Etihad Airways, which has just said it will expand its African presence with a new daily service to ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Botswana – general elections tomorrow are likely to return the long-ruling President Khama and his BDP to power, but with a diminished majority; Italy – the European Commission has misgivings about PM Renzi’s budget; Switzerland – banks have problems with the US Justice Department’s demands. INDIA:  Prime Minister Modi may not be as quick and aggressive with his economic reform ... Read More »