CEE insolvencies: so far, so good despite an increasingly challenging global economic environment

As seen often in insolvency trends, the economic situation is experienced in statistics of companies insolvencies with a delay. In the Central and Eastern Europe region, businesses were able to benefit from solid demand experienced both domestically and externally in recent years. A period of favourable macroeconomic environment has brought effects on solvency of companies in the CEE region. GDP-weighted average insolvencies dropped by 4.2% in 2018, contrary to an increase of proceedings recorded a year prior. 2018 saw a decrease in insolvency proceedings in ten countries, whereas they grew only in four countries. The regional breakdown indicates a wide variety of dynamics, ranging from a 35% decrease in insolvencies in Ukraine to a 42% surge of in Croatia.

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