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European Region (East)

Eastern Europe

Eastern Europe is used as a general term for the eastern part of Europe. There is no standard definition of the term "Eastern Europe". It depends whether it is to be designated in a geographic, political, historical or economic sense.

The United Nations classifies the following countries to Eastern Europe:

  • Bulgaria
  • Moldova
  • Poland
  • Romania
  • Russia
  • Slovakia
  • Czech Republic
  • Ukraine
  • Hungary
  • Belarus

Russia is the biggest country in this region both with respect to population and economy.

Economic output of Russia

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

GDP: 2.015 trillion USD
GNI per capita: 12,700 USD
Main import partners: Germany, China, Ukraine, Italy, Belarus
Main export partners: Germany, Netherlands, USA, China, Turkey

"B2B" bankruptcy distribution

Average rate: 35%
Average process duration: 2,7 years
Average costs of insolvency proceedings: 13% 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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