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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

China's Credit Growth

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