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Oceania

The term Oceania was created above all due to economic reasons in Australia and New Zealand and designates an area from the north of Australia across Indonesia and to the southern border of the Philippines and the extreme west of the Pacific islands. Indonesia and the Philippines are very popular as sites for low-cost production. Approx. 356 million people live in the total area.

Australia is in economic terms the biggest country in this region.

Economic output (Australia)

Currently: www.tradingeconomics.com
(Source: Worldbank 2012)

GDP: 1.521 trillion USD
Population: 22.68 million
GNI per capita: approx. 59,570 USD
Main import partners: China, USA, Japan, Thailand, Singapore, Germany
Main export partners: China, Japan, South Korea, India, USA

"B2B" bankruptcy distribution
(Southeast Asia / Australia & New Zealand)

Average rate: 33.1% / 68.20%
Average process duration: 3.4/1.7 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).
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Late payment Europe

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

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