Payment morale improved last year

Figures

Payment morale has improved in Hungary, with more bills settled on time in 2020 than in 2019, according to a survey from Bisnode, writes origo.hu.

It also emerged that last year fewer companies issued fewer invoices compared to the previous year.

The improvement in payment morale is indicated by the fact that nearly three-quarters of the invoices issued were settled on time. Additionally, the average payment delay decreased from 15 to 14 days, while the payment deadline increased by one day compared to 2019.

According to the analysis, the proportion of invoices paid extremely late decreased significantly, the proportion of delays over two months fell below 1%, and the proportion overdue beyond three months fell below 0.5%.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.