Fewer companies report late invoice settlement

Figures

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.

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