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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

China's Credit Growth

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

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...

Exchange Rates

1 € (EUR):
AUD 1.59830
CAD 1.55570
CNY 7.74490
GBP 0.87608
HKD 9.65680
INR 81.39000
JPY 132.41000
MYR 4.79240
MXN 22.74240
KRW 1316.26001
CHF 1.19700
THB 38.55200
USD 1.23090
22.04.2018 © EZB

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