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European Region (West)

EUROPE (EU)


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.


News

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).
More...

Late payment Europe

Under EU law, whenever business' clients pay their invoices late, late payment interest can be claimed.
More...

Collection Practice per Country

How complex is collecting debt around the world? Euler Hermes collection practices map
More...

Exchange Rates

1 € (EUR):
AUD 1.53020
CAD 1.52460
CNY 7.84810
GBP 0.88365
HKD 9.58140
INR 78.23900
JPY 135.53999
MYR 4.82600
MXN 22.81570
KRW 1306.92004
CHF 1.17580
THB 39.06900
USD 1.22550
20.01.2018 © EZB

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