Fewer companies report late invoice settlement
About 64% of Hungarian companies said at least one of their business partners paid an invoice late in the first half of 2021, state news wire MTI reports, citing the results of a survey by the Economic Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK).
The rate is down from 65% in the same period a year earlier, but up from 62% in H2 2020.
The share of companies who said more than half of their business partners didn't pay invoices on time fell to 6% in July from 9% a year earlier.
GVI noted that 8-9% of companies with headcounts between 20 and 49 complained that over half of their business partners settled invoices late, while the rate was just 1% for companies with headcounts over 250.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
