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.
The economy is highly integrated into international value chains, making it vulnerable to major foreign trade losses, especially in the automotive sector.
As the economy is reliant on automotive-related exports to the Eurozone, especially to Germany, it is vulnerable to adverse developments in the industry.
The currency is subject to some volatility, and the country is vulnerable to capital outflows should there be adverse internal or external developments.
Political instability remains an issue for the long-term economic growth prospects, while corruption and red tape still hamper the business environment.
Beside deterioration of payment behaviour in the private sector, the number of payment delays in larger projects dependent on government funding is still high.
In 2019 and 2020 growth is expected to exceed 5%, supported by exchange rate liberalization, interest rate normalisation and increasing tourist arrivals.