Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Businesses fear payment discipline

UP TO 77 percent of businesspeople expect payment discipline among their customers in Slovakia to worsen, according to a survey carried out by the Business Alliance of Slovakia (PAS) group among 159 businesses. Only 2 percent of respondents expect to see an improvement in payment discipline, while 21 percent forecast no change, the SITA newswire reported.

UP TO 77 percent of businesspeople expect payment discipline among their customers in Slovakia to worsen, according to a survey carried out by the Business Alliance of Slovakia (PAS) group among 159 businesses. Only 2 percent of respondents expect to see an improvement in payment discipline, while 21 percent forecast no change, the SITA newswire reported.

Entrepreneurs say that payment discipline has been deteriorating since the economic crisis began in 2008. While before the crisis businesspeople reported that 78 percent of invoices were paid within one month, that number has since fallen to 26 percent. Up to 37 percent of invoices are now paid within two months and another 26 percent within three months.

“Every tenth invoice has a maturity date longer than three months,” said PAS executive director Róbert Kičina, as quoted by SITA.

The situation could be improved by the amendment to the law on bankruptcy and restructuring which came into effect at the beginning of 2012, the surveyed businesspeople said.

Top stories

Daughter to father: I’m going to kill you

Children are often manipulated against their parents while authorities decide about divorces and custody.

Who will stand up for journalists in Turkish prisons?

Journalists living in countries where politicians (for now) do not send people to prison for their opinions, who only sigh in relief that they are lucky this story does not concern them, are deeply mistaken.

Protesters in front of the court building.

Camping in a tree? Try it in Bratislava

A creaking wooden floor and the wind swaying the branches of trees around you. Have you ever wondered how it would feel to spend a night in a tree house?

The tree-house at Kačín

Bratislava’s main railway station is getting a face lift

The derelict station still has to wait for its complete rebuild though.

The main railway station in Bratislava.