The association put the value of late invoices around HUF 360 billion and warned that HUF 180 bln-200 bln of that amount could become part of a "chain of debt" if the situation doesn't improve.
ÉVOSZ chairman László Koji told MTI that around HUF 100 bln of unpaid invoices was in a chain of debt at the end of last year, a scale still manageable. If that amount reaches HUF 180 bln-200 bln this year, it could cause "serious difficulties" for construction companies, he added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
