The highest number of such indications comes from owners of commercial companies (56%) and micro-enterprises employing up to 9 people (51%).
Late payments are a common practice – 37% of companies say they have done it several times or repeatedly. Delaying payments is one of the causes of payment backlogs in the Polish economy. It leads to loss of financial liquidity, debt, and ultimately even bankruptcy of companies.
According to data from the National Debt Register, 264,600 entrepreneurs have PLN 9 billion (EUR 1.94 billion) of overdue financial obligations. Every second SMEs admit to not paying on time.
As many as 36% believe that lack of payment from a contractor can be sufficient justification to withhold payment themselves – according to a survey.
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.
