News

Pobeda JSC took part in a semminar on topic Managing the late payments risk

 

Mihail Choroleev, the managing director of Pobeda JSC,  took part in a conference on topic “Managing the late payments risk” organized by Coface Bulgaria.

Mr Choroleev shared experience in maintaining solidity and stability of the financial status of the company, working capital, prevention and ways of collection for late payments, including insurance of the risk of delayed payments. Pobeda JSC is a long-term client of Coface in avoiding late payments risk. This partnership insures uninterrupted cash flow and stable and secure business opportunities in the organization.

 

The seminar was held on 21th of November 2013 in Sheraton Sofia Hotel Balkan Besides of debating the increasing problematic issue of late payments in the industry of fast-movement consumer goods, main participants in discussion panel also shared their experience in effective financial decisions.

 

The following prestigious representatives were involved in the discussion – Mr. Vassil Mirchev - Chairman of the Board of Directors of "VM Finance Group", Mrs. Miroslava Simova – Managing Director of “Perno Rikar Bulgaria”, Mr. Kiril Vatev – President of “Tandem” Ltd, Mr. Tsvetan  Lazhanski – Chairman of the Board of Directors of Plasthim-T and Mr. Mihail Choroleev – the Managing Director of Pobeda JSC.

 

During the session participants were discussing the management of non-payments risk, the increasing insolvency, micro and macro perspectives in the commerce sector, good communication and negotiation strategies in case of late payments, whether export is a good opportunity for business, etc.

 

Mrs. Miglena Videnova, Managing Director of Coface Bulgaria, made a review about some good financial decisions in the management of late payments risk in trade of fast movement consumer goods. She also presented a special credit insurance program, developed by Coface Bugaria, referring to the current payment trends in Bulgaria and Europe.

 

Coface Group is a worldwide leader in credit insurance, offering companies solutions for prevention of financial loss from costumers, on both local and international markets.