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“Hungarian firms tend to determine increasingly strict deadlines, leading to many clients asking for delays, which may become a challenge for companies in case of an economic downturn, according to a report by debt management firm Intrum,” reports The Budapest Business Journal. In a recent survey Intrum questioned business heads from 29 different European companies, 450 of these were from Hungary. They report that on average Hungarian firms give an 11-day deadline for B2C transactions, and 24 days for B2B ones, which is the most lenient deadlines compared ot rest of Europe – 31 days are given to public sector organisations. “The shortening of the determined deadlines is connected to the improvement of the payment morale of consumers …” says Intrum. Read more about the findings and the reasons here.

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