Overdue receivables: 46% of invoices
Overdue receivables now account for 46% of Hungarian companiesʼ invoices, up from 23% before the coronavirus crisis, credit insurer Atradius said yesterday, according to napi.hu.
Hungarian companies surveyed for Atradiusʼs latest gauge of payment habits said business partners take 23 days, on average, to pay invoices.
Companies are also giving clients longer periods to pay: while 63% have a 30-day payment deadline, the deadline is 60 days for 19% of companies and 61 to 90 days for 10% of companies.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
