The payment moral is getting worse even on Hungarian export markets

The European companies assessed less positive the payment patterns of their partners in 2009 then in the summer of 2008, and they also received a negative assessment from their international partners.

Eighteen hundred companies in nine European countries (Belgium, Denmark, France, the Netherlands, Germany, Great Britain, Italy, Spain and Sweden) were participated in the most recent payment morale survey made by the world's largest credit insurance company Atradius in the first two months of 2009. The large part of Hungarian exports, covers these countries so the change in payment patterns in these markets plays a key role in  the life of domestic companies. The study showed the significant differences in countries' terms of payment. The German companies defines the shortest payment deadline with an average of 24 days. Swedish companies follows them with a  30 days payment deadline. The longest time limit for payment is 75 days in Spain. According to the survey the southern European countries have the worst habits of payments, while Sweden and Denmark has the best national payment terms and conditions which are "good", "very good" or "excellent".