5% of Intercompany Invoices Remained Unpaid Last Year

Figures

Some 5% of intercompany invoices remained unpaid in Hungary last year, while 2.3% of invoices had to be written off in 2021, according to the analysis of payment habits by credit insurer Atradius, writes profitline.hu. 

According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than the previous year; in 2021, this ratio was 33%. 

In the agricultural and food industry, 60% of respondents said they extended credit to several customers for purchases. 

In 2021, 42% of the transactions took place on credit; last year, it was 47%.

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