The International Debt Collections Handbook is a key tool for businesses when it comes to making decisions concerning collections in foreign countries.
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Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
Slow reform progress and social tensions weigh on the medium-term outlook, while economic expansion remains heavily dependent on the security situation.
GDP growth is expected to recover only modestly as the oil fund is nearly depleted, and ongoing political uncertainty weighs on the economic performance.
Economic expansion in Bulgaria is expected to lose some momentum in 2019, but should remain strong at above 3%, spurred by robust household spending, strong wage growth and an improving labour market
The amount of suppliers facing insolvency will increase further in the coming 2-3 years, as many will find it hard to adapt to changing market conditions.
Any imposition of import tariffs on cars/car parts would severely impact suppliers in the Tier 2 segment where many businesses already show thin margins.
While the automotive insolvency level has been low compared to other industries in the past, an increase of up to 3% is expected in the coming 12 months.