Bisnode analysis: payment morale improved in Hungary in 2020

By: Trademagazin editor Date: 2021. 02. 24. 11:24

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Payment morale in Hungary has improved, more bills were settled on time in 2020 than in 2019, Bisnode told MTI on Wednesday.

They added that last year fewer companies issued fewer invoices than the previous year.

The improvement in payment morale is indicated by the fact that nearly three-quarters of the invoices issued were settled on time, the average payment delay decreased from 15 to 14 days, while the payment deadline increased by one day compared to 2019. (MTI)