Paying moral in Hungary decreased drasticly

The time to get money from submitted invoice has increased to 165 days from just 35 days five years ago, the Hungarian unit of French credit insurance company Coface told.

 The time between the submission of
invoices and payment is likely to increase further during the rest of
the year, raising the danger of companies going bust and contributing
to an already growing wave of bankruptcies, said Coface Hungary's country director Zoltan Dercze.
Coface Hungary noted that the 165-day payment time is still not as
long as the 230-day average in 1995, when Hungary started an
austerity programme. The best payers are the Polish (41 days), Crotia
is the worst with 315 days.