ADVERTISEMENT

Companies in Hungary paying bills on time more often

Competition

Companies in Hungary paid 54% of their bills on time in the third quarter of 2011, up from 48% in Q3 of 2010, global business information provider Dun and Bradstreet reported on the company’s website.

At the same time the average delinquency period for late bills among companies in Hungary rose to 25 days in the third quarter of 2011 from 17 days in Q3 of 2010.

The longest delays in payment, of 70 days or more were in car trade, in the construction sector, paper and tyre production.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.