Coface has published a new report analysing company insolvencies in the Central and Eastern European (CEE) region. Coface notes that, in the wake of an economic downturn that saw Czechia, Estonia, Hungary, Latvia and Lithuania recorded negative growth rates in 2023, CEE countries witnessed a dramatic 38.6% increase in insolvency proceedings from 2022 to 2023. The construction and trade sectors, in particular, bore the brunt of the insolvency wave. Looking ahead, Coface expects a further increase in insolvencies in 2024, albeit at a lower rate than the previous year. To read Coface’s news release, with a link to the full report, go to https://www.coface.com/news-economy-and-insights/economic-slowdown-and-rising-number-of-insolvencies-what-s-the-outlook-for-cee-companies.