Spectator on facebook

Spectator on facebook

Survey shows three in four companies face problems with receivables

Seventy-five percent of Slovak companies have encountered problems with collecting monies owed to them over the past six months, while one-third says it is a frequent or even a very common problem. A survey of the payment discipline of Slovak companies by insurance company Atradius found that as many as 36 percent of respondents experienced cases where they were not paid at all. According to the head of Atradius’ Slovak branch, Tomáš Mezírka, Slovak companies say that their key clients' failure to pay would cause them serious problems. It is thus striking that their protection against this is surprisingly low. Thirty-seven percent of the surveyed companies did not take any measures to protect their claims. Of companies that do apply such measures, 26 percent demand advance payment as protection.

Seventy-five percent of Slovak companies have encountered problems with collecting monies owed to them over the past six months, while one-third says it is a frequent or even a very common problem. A survey of the payment discipline of Slovak companies by insurance company Atradius found that as many as 36 percent of respondents experienced cases where they were not paid at all. According to the head of Atradius’ Slovak branch, Tomáš Mezírka, Slovak companies say that their key clients' failure to pay would cause them serious problems. It is thus striking that their protection against this is surprisingly low. Thirty-seven percent of the surveyed companies did not take any measures to protect their claims. Of companies that do apply such measures, 26 percent demand advance payment as protection.

Protection against overdue receivables in Slovakia is the lowest in the region, according to Mezírka. Slovak companies settle an invoice within 31 days on average. Polish firms are the most disciplined, paying up within 23 days on average. The survey, conducted by the Factum Invenio agency for the Atradius Credit Insurance, covers the past six months and was carried out in the Czech Republic, Hungary, Poland, Romania and Austria in 1,200 firms with varying turnovers. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovak women scientists prove that science is not just for men

I grew up with the conviction that science belongs to men, said one awarded Slovak scientist.

Mariana Derzsi and Andrea Straková Fedorková

Five years after the Moldava raid, the victims have turned into perpetrators

June 19 marks the fifth anniversary of the brutal and much-discussed raid in the Roma settlement; and it points to five of those beaten being charged with perjury.

Moldava nad Bodvou

The UK is not cutting off its own hand, it is holding it out

It is not rational to behave towards the UK as if it posed a security risk to the EU.

Illustrative stock photo

Welcome to Slovakia?

Following Henry Acorda’s horrific killing, businesses need to stand up.

June 8 gathering in Bratislava