In 2018, respondents in Hungary reported a significant increase in DSO and that the proportion of uncollectable B2B receivables also went up slightly.
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.
Read the full report here: Hungary: the most inclined to offer credit terms