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Widespread use of credit insurance, combined with anti-insolvency support and legislation, has helped insulate many businesses from the more negative economic impacts of the pandemic.

Late payments have surged by more than 80% in the UK following the onset of the pandemic and the subsequent recession

A considerable number of German companies still underestimate the risk of payment default in domestic business

The COVID-19 economic downturn has had a great impact on businesses in Italy. The country endured one of the longest and most stringent lockdowns in Europe.

Most businesses in Austria express confidence in 2021 domestic economy

This year’s Payments Practices Barometer survey in Western Europe was conducted during the pandemic downturn.

Businesses polled in France reported working more closely with B2B customers to develop a proactive approach to credit

As with businesses throughout the world, also industry in Eastern Europe has experienced a pandemic battering. The region, however, faces 2021 bruised but hopeful.

Businesses in Turkey are currently well-placed to rebound in 2021, although much hinges on how well the country manages both the health and economic impacts of COVID-19 through the year end.

The 2020 forecast downturn in Romania’s economy suddenly accelerated under the lockdown conditions imposed to tackle the COVID-19 pandemic.

Credit policies remain fairly constant as business continues growth commitments

2020 has been a time of unprecedented uncertainty for businesses in the Netherlands, and 2021 still poses many unanswered questions

Signs of economic stress visible, although business confidence in Belgium remains fairly strong

A rather modest economic rebound expected in 2021 after a marked slowdown

High public and external debt levels remain a major weakness in the mid-term

Robust growth rates have come to an end, but no contraction in 2020

An economic contraction of more than 4% as domestic demand has suffered

The Czech economy remains highly vulnerable to foreign trade losses

A rebound is expected for the Greek economy in 2021, but downside risks remain

Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Belgium.