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European Region (West)


Europe or the European Union (EU) is composed of 28 independent countries and consequently forms a confederacy.
Europe (EU) has more than 500 million inhabitants today. This signifies the largest domestic market in the world if measured by the gross domestic product.

The European Union is a member of the G8, the G20 and represents the EU member countries in the WTO.
The European Union currently has the following member countries and aspirants:

  • Austria       
  • Belgium     
  • Bulgaria     
  • Croatia         
  • Cyprus        
  • Czech Rep.   
  • Denmark     
  • Estonia        
  • Finland        
  • France         
  • Germany 
  • Greece        
  • Hungary      
  • Ireland         
  • Italy  
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • United Kingdom

Economic OUTPUT

Currently: www.tradingeconomics.com
(Source: The World Bank 2012)

GDP: 16.63 trillion USD
GNI per capita: 33,598 USD
Main import partners: China, USA, Russia, Switzerland, Norway, Japan
Main export partners: USA, China, Switzerland, Russia, Turkey

"B2B" bankruptcy distribution

Average rate: 68%
Average process duration: 1,7 years
Average costs of insolvency proceedings: 9% of the insolvency value.


Payment Behavior

Good news on global growth comes with a significant deterioration in payment terms.

China's Credit Growth

China’s broadest gauge of new credit trailed projections amid renewed government pledges to tackle financial risk.

White Paper on the requirements of the GDPR

How will the GDPR influence debt collection? Will collection companies still be allowed to collect and process personal data? - Yes! That is the conclusion of a new White Paper, recently published by the German Association of Debt Collection Companies (BDIU).

Exchange Rates

1 € (EUR):
AUD 1.56810
CAD 1.54590
CNY 7.56890
GBP 0.87663
HKD 9.13930
INR 79.03000
JPY 128.30000
MYR 4.66210
MXN 23.54660
KRW 1293.76001
CHF 1.15340
THB 38.36900
USD 1.16480
25.06.2018 © EZB

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