Romanian companies are waiting to recover from their bussines associates debts, in average, of 15% from their affairs figure, according to a study made by EOS Group, one of the leaders on the debt management market from USA and Europe, which is present in Romania since 2002.
Polish and Russian companies have smaller problems , with a debt level of only 10% and 12%. On the other hand Greek companies, are waiting to receive, in average, debts of 25% of their affairs figure.
Almost a third of the Romanian companies are waiting to recover debts of at least 10.000 euro, according to the study. The average value of the debts owed by the clients of the Romanian companies rises up to 5.000 euro, similar to the value from Russia and Poland, but under the 10.000 euro value recorded in Greece.
2% of the debts can't be recovered
In Romania, the debts are payed by companies after a medium period of 36 days, compared to Poland, where the term is of 32 days, it is shown in the study. If in Russia it takes in average 78 days until the debts are payed, the Greeks are the most tolerant and they give 105 days for the recovery of the debts.
The questioned societies from Romania are recovering their debts on time in 67% of the cases. Also, when payments are delayed, the period between the end of the term and the receiving of the money is, in average, of 34 days.
Approximately 2% of the total of debts that are owed in a year are declared unrecoverable by the companies. Before they pass the debts which can't be recovered to losses, the Romanian firms are waiting, in average, 100 days.
Solution: advance payments 40% of the questioned societies agree that, in the last two years, the payment behavior has improved, and it's expected to further improve in the following period.
The majority of the firms are checking the payment possibilities of their clients before making a contract. They are getting the informations from banks, data bases and from Commerce Chambers.
The most spread measure of unrecoverable debt prevention used by the local firms is the advance payment application and the cash payment at delivery or after the service was offered.
Also, one of two companies consider that that the risk and debt management will become more and more important in the next two years.
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