Eastern European companies fear an increase in bankruptcies

According to an analysis by credit insurer Atradius, 39 percent of companies in the region fear that with the expected release of government bailouts, there will be more bankruptcies this year. The study shows that the proportion of debts written off in the region (5 per cent) has not changed compared to the previous year. Half of the intercompany purchases (B2B) in the region were made on loans, just as in 2020, which was 48 percent in Hungary. The proportion of late settled accounts in the area improved from 45 to 43 percent.