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Companies in Hungary paying bills on time more often

Companies in Hungary paid 54% of their bills on time in the third quarter of 2011, up from 48% in Q3 of 2010, global business information provider Dun and Bradstreet reported on the company’s website.

At the same time the average delinquency period for late bills among companies in Hungary rose to 25 days in the third quarter of 2011 from 17 days in Q3 of 2010.

The longest delays in payment, of 70 days or more were in car trade, in the construction sector, paper and tyre production.