Delayed Payments up 20%

Figures

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The rate of late payments in trade between Hungarian companies has increased by 20%, according to the analysis of payment habits by the credit insurance company Atradius, writes profitline.hu.

Hungarian customers paid some 40% of intercompany invoices after the deadline in the past 12 months. Another 55% of Hungarian companies paid their suppliers on time in the past year, while this ratio was 62% previously.

The respondents in the construction industry justified frequent late payments in the sector with temporary liquidity problems, and in the machinery industry, problematic cases caused by the bankruptcy of customers.

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