Failure to pay no longer a shame

AccAccording to a recent analysis by Coface Hungary the insolvency rate for Hungarian enterprises grew by 24 per cent in the first quarter of the year, compared to the same period last year. The construction business, retail and wholesale trade are still the businesses with the highest element of risk in their operations. Non-payment has become a morally neutral issue, it is no longer a shame. We can always say: “I am not paying because I haven’t been paid either”. The next 2-3 years is expected to be a very hard period for business.