Slight improvement seen in late payments

Competition

pixabay

The ratio of late payment of invoices by Hungarian businesses was approximately 32.9% in the first half of 2016, dropping slightly from 33.2% in the corresponding period a year earlier. In the first half of 2014, the proportion was 36.1%, business information firm Bisnode Hungary reported yesterday based on compiled data.

At the same time, Bisnode added that deadlines for the payment of invoices averaged 28 days in the first half, which is almost two days more than in the corresponding periods of the previous two years. 

Companies in Somogy County, in the west of the country, paid their overdue invoices the fastest, within ten days on average, Hungarian news agency MTI reported based on Bisnode data. The slowest late payers were in Szabolcs-Szatmár-Bereg County, in the northeast, where business partners had to wait more than 30 days past the invoice deadline to get their money, it added.

ADVERTISEMENT

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.