Hungary: the most inclined to offer credit terms

Respondents in Hungary have maintained their credit friendly stance, trading on credit to nurture long-term cooperation and because this is a common business practice. In 2018, more respondents reported frequent late payments by their B2B customers. The main reasons being insufficient availability of funds, buyers using outstanding invoices as a form of financing and the complexity of the payment procedure. Bankruptcy and the inability to locate the customer remain the top reasons for writing off B2B receivables as uncollectable.