Payment Discipline has Deteriorated

BRATISLAVA, September 14, (WEBNOVINY) — Companies operating in Slovakia have reported deteriorated payment discipline of clients over the past year. The results of a survey of the EOS group and the Institute for Market Surveys Ipsos show that 96 percent of the addressed companies have reported a worsened discipline of their clients. In particular private individuals pay invoices after their maturity. The survey shows that approximately sixty percent of invoices were settled on time. Corporate clients have a little better payment discipline, when 69 percent of them settled their liabilities on time. According to EOS representative Michal Soltes, in particular the lack of precision of the debtors is behind the late payment of invoices.

Failure settle invoices in Slovakia is relatively rare. In the segment of private individuals, approximately 1.4 percent of invoices remain unpaid, and in the segment of corporate clients it is 2.2 percent of invoices. One in two companies expects the discipline to worsen also in the future.

200 companies with annual turnover of at least EUR 4 million participated in the survey in Slovakia.

SITA