CEE insolvencies: so far, so gooddespite an increasingly challengingglobal economic environment

As seen often in insolvency trends, the economicsituation is experienced in statistics of companiesinsolvencies with a delay. In the Central and EasternEurope ( CEE) region, businesses were able to benefitfrom solid demand experienced both domesticallyand externally in recent years. A period of favourablemacroeconomic environment has brought effectson solvency of companies in the CEE region. GDPweightedaverage insolvencies dropped by 4.2% in2018, contrary to an increase of proceedings recordeda year prior. 2018 saw a decrease in insolvencyproceedings in ten countries, whereas they grew onlyin four countries. The regional breakdown indicatesa wide variety of dynamics, ranging from a 35%decrease in insolvencies in Ukraine to a 42% surge ofin Croatia.