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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.



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).

Late payment Europe

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

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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