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Companies in the Central and Eastern Europe region reported solid economic growth rates as well as more structured growth last year. Thanks to the healthy situation of the labour markets, unemployment rates have been decreasing, to reach historically-low levels in many cases. This, combined with rising wages and low inflation, have made private consumption a key driver for growth. Investments, another important component of domestic demand, grew – thanks to businesses’ improved expectations and, in particular, the accelerated use of EU funds (during the final year of previous EU budget availability) to co-finance projects. Last but not least, CEE companies have seen improving demand from their main export destination, the Eurozone. Although recovery in the Eurozone is weak, higher exports to the region are compensating for the Russian slowdown and the official ban on exports of selected merchandise to Russia. Businesses will continue to take advantage of supportive conditions this year, although insolvencies will decline at a slower pace than last year. Coface forecasts that company insolvencies will drop by 5.3% for the full year 2016.

The CEE Insolvencies Panorama examines the regional economic situation that companies faced during the course of last year. It then highlights particular economies within the CEE, with a more detailed focus on insolvencies, including the best and worst performing sectors, as well as the largest insolvencies. The final section analyses the business environment that CEE companies faced in 2015, as well as the outlook for activity in 2016.

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