Abstract
Following the conflict of Ukraine, global trade has faced a double whammy: a confidence shock in demand, as well as increasingly high price pressures. High energy prices, geopolitical tensions, and increased transportation bottlenecks rank among the basic concerns for the existence of business in Eastern European countries. These challenges will tighten financing and will exacerbate interfirm debt problems, resulting in a number of insolvencies that will continue to increase in the coming quarters. In this complex political, financial, and economic environment, with constantly emerging new crises and risks, business may only survive if it restructures itself and properly adapts to the new reality.
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